LONDON MONEY MARKET
INFLUENCED BY EXCHANGE CRISIS.
(UNITED PRESS ASSOCIATION.—COPTfIGHT.)
(AUSTRALIAN - NEW ZEALAND CABLE ASSOCIATION.)
(Received July 10, 9 a.m.)
LONDON, Bth July. The slump in the German mark, which caused a smaller decline in French and Belgian francs, coupled with events in Ireland, has checked the general activity, of the London Stock Exchange; but hijjh-class investment securities have been wonderfully maintained, the chief explanation being the idea that the chaotic conditions may prolong the stagnation of trade and cheapness of money. The money market is already freely discussing the prospects of further reduction in the Bank of England discount rate; but it is suggested that such redution would be likely to have a less pronounced effect upon securities than the previous declines.
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https://paperspast.natlib.govt.nz/newspapers/EP19220710.2.51
Bibliographic details
Evening Post, Volume CIV, Issue 8, 10 July 1922, Page 7
Word Count
123LONDON MONEY MARKET Evening Post, Volume CIV, Issue 8, 10 July 1922, Page 7
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