COMMERCIAL.
RISE IN RUBBER. By Telegraph.—Press Assn.—Copyright. London, Nov. 27. There have been exciting scenes on the rubber market at Mincing Lane, prices rising and everybody scrambling to buy the small lots offering. The market closfrd at 13 3-Bd, which was a rise of a halfpenny on the day, the highest price since the restriction by the export duty* came into force in July. September rubber Is quoted at 15d, for which price sellers are holding. The stocks in London are now 68,000 tons. The rise in price since the introduction of the restriction scheme has added four million sterling to the value of the London stocks. AUCKLAND LOANS. OVER-SUBSCRIBED IN LONDON. London, Nov. 27. The Bank of New Zealand, on behalf of the Auckland Electric Board, has offered £423,000 5’4 per cent, debentures of the Auckland City Council at 97% and £392,808 5 per cents, at 94%. Both were over-subscribed in two hours.
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Taranaki Daily News, 30 November 1922, Page 2
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154COMMERCIAL. Taranaki Daily News, 30 November 1922, Page 2
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