MONEY MARKET.
The Bank of England discount rate was on January 2, 1914. reduced from 5 to 4j par coat., on January 22 it was reduced to 4 per cent., and on January 23 to 3 per cent. ' On July 30 the rate was raised to 4 per cent., on July 31 it wa« raised to 8 per cent., and on August 1 it iras further advanced to 10 per cent. On August, 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., on July 13, 1916, it was raised to 6 per cent., on January 12, 1917, it was reduced to 5J per cent., and on April 5 it was further reduced to 5 per cent. OPEN MARKET BAT3S. The open market discount rate for three months' bills is 3 9-16 per cent., as compared with 38 per cent, last -reek, and 5J per cent, last year. Short loans are quoted at 3J per cent., as against 35 per cent, last week, and 4J per cent, last year. . COLONIAL AND OTHER PRODUCE. ■Butter.-There has been further good arrivals of Australian, New Zealand, and Danish .butter, and the trade is anticipating an increased distribution shortly. Wheat.-Llfelees; nothing afloat offering. There are small offerings on «pot at lato rates. . . .' Hour.—Firm; position same as last week. Oats, Pens, and Beans.—Firm; unchanged. flugar.-Unchanged.
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Bibliographic details
Dominion, Volume 11, Issue 159, 25 March 1918, Page 8
Word Count
230MONEY MARKET. Dominion, Volume 11, Issue 159, 25 March 1918, Page 8
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