BANK RATE REDUCED.
FINANCIAL ACTIVITY. PRICES GREATLY ENHANCED. CONSOLS GOING UP. AUSTRALIAN STOCKS RISE. By Telemph.—Press Association— Copyright. (Received January 50, 9.50 p.m.) London, January 30. The bank rate in London is 3 per cent-, a decrease of 1 per cent, compared with last week, and in Paris 3J per cent. The reduction has caused great activity and enhanced prices in all departments on the Stock Exchange. Consols now stand at £76, a rise of £2, compared with the price of last Friday, and many Australian Government stocks have ad-« vanced from 20s to 40sThe prospectus for the New Zealand loan has been issued. Six months' interest is to be paid in August. WEST AUSTRALIAN ISSUE. Perth, January 30. Respecting the West Australian loan, which was over-subscribed in London, the Premier (Mr. Scadden) states that all arrangements had been completed for underwriting £2,000,000 at 98.
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Bibliographic details
New Zealand Herald, Volume LI, Issue 15521, 31 January 1914, Page 9
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145BANK RATE REDUCED. New Zealand Herald, Volume LI, Issue 15521, 31 January 1914, Page 9
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