TONE OF MONEY MARKET.
DECIDED IMPROVEMENT.
ANGLO-AMERICAN EXCHANGE,
CANADA'S CO-OPERATION-
London, August 14.
The feeling on the money market has greatly improved. General re lief is felt, especially by the discount houses, whose position has been rendered much more liquid. A special committee of financiers' in New York has recommended the scheme by which £20,000,000 in gold would be placed in the . Canadian Treasury in trust for the Bank of England. Bankers feel that to break thfl deadlock on the Anglo-American Exchange, and enable England to make payment for everything she may require in cash, it is advisable to export to Canada such gold as England needs in settlement of America's debt.
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Bibliographic details
New Zealand Herald, Volume LI, Issue 15689, 17 August 1914, Page 6
Word Count
112TONE OF MONEY MARKET. New Zealand Herald, Volume LI, Issue 15689, 17 August 1914, Page 6
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