THE MONEY MARKET.
(Received 20th October, 8 a.m.) LONDON, 24(1i October. Tliao has been a general expansion or business on tlic London Stock Excluui^e, for,' although the boom in rubber shares has subsided, busiuess in the many departments is active. Tile happy issue of the Locarno negotiations served to strengthen public confidence In the general outlook, and improved reports on the condition of several of the staple industries havo caused ;i demand tor commercial and industrial securities. Rumours ot Impending heavy withdrawal* of Bold for New York, and the consequent possibility of an advance in the Bank of lCnßland rate discount caused some disturbance In the market for gilt-edged securities, but tho market recovered when it was learnt that exports wero under £2,000,000, which is about one-third of the amount anticipated, and the New yorlc Exchange reacted lavourably.
An impression is now growing that a higher bank rate- may be unnecessary this year.
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Bibliographic details
Evening Post, Volume CX, Issue 101, 26 October 1925, Page 9
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153THE MONEY MARKET. Evening Post, Volume CX, Issue 101, 26 October 1925, Page 9
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