THE BANK RATE.

Dominion, Volume 1, Issue 139, 6 March 1908, Page 8

THE BANK RATE.

. v - ' j • REMARKS BY A LONDON - FINANCIER

. London hanker, writing to a merchant m this.city, under date January. 23,"makes tho -following remarks. on- tho .financial situation

, To-day. the Bank- rato lias bc-en reduced 4 P e v". cent., ; and .'ast-hcy iiscd' tb .'in . ono.oi tho comic operas,.-' the skv abovo is clearing. It is a very sudden change in two months—probably rather oil. tho rapid sido, .-but-the conditions wore so mixed at tho time mentioned-that tho wisest peoplohero hesitated to make predictions, and simply kent ■*their powder dry. .Tho improvement m America has had a great o'Ecct in easin<* tho monetary situation, here,-but it- must take evon the sangumo Yankees a long , time to ,rodd,-up the aftertjiath of their wild speculations. iheir railroads have sums .ot . money;.to find .sooner, or later, and 'that tactor -must,. one would thick,- at . any -rate check, any v.very 'speedy, return to a- reallv , easy money market.: - It is said - that 'as sooil as conditions aro favourable, there will be a ilDod .of new. issues,, and 'no doubt with iho present reduced, rate of'Bank'discount' some of. those will speedily; mako .their appearance. Jiidging from :thc:result>of tho recent "India - ?•/ per cent.. loan, tlsero is r.o scarcity of aonoy for assured^lnve.stmcnfs , ,''..; .• ;'