SHORT-TERM MARKET
Deposits Rise To £27.8m
Official dealers in the shortterm money market had £27,795,000 in deposits on October 7, says the manager of Short Term Deposits, Ltd., (Mr J. G. Russell). Although this is an increase in deposits of £146,000 on the previous week’s figure, the market is still short of funds. A further rise is possible in the short-term rate in the next Government loan which will probably be floated in February, says Mr Russell. “Buyers of securities would be well advised to take this possibility into account in determining purchase prices of stock. “Once the loan closes, the Short-Term Local Authority rate may move up,” he said.
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Press, Volume CIII, Issue 30569, 12 October 1964, Page 17
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110SHORT-TERM MARKET Press, Volume CIII, Issue 30569, 12 October 1964, Page 17
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