Democratic Sentinel, Volume 15, Number 19, Rensselaer, Jasper County, 22 May 1891 — Great Depreciation. [ARTICLE]

Great Depreciation.

A London financial authority says that the magnitude of the losses" which have been sustained by English investors in Argentine securities may be obtained from the statement that the decl ne within the past two years in the value of Argentine railway stocks and bonds listed on the London Stock Exchange amounts to $150,000,000. The par value of the securities is $336,359,000, of which a little over SIOO,000,000 were guaranteed by the Argentine General Government, over $42,500,000 more had the guarantee of the pro' inces, and nearly $183,750,000 are without guarantee.