NEW BANK RATE.
.♦- STIMULATING EFFECT. GILT EDGED STOCKS RECOVER. Australian and N.Z. Cable Association. (Reed. 5.45 p.m.) LONDON. June 16. The reduction of the bank rate has had a stimulating effect on the Stock Exchange, especially on gilt edged stocks, which have recovered all round. Consols are quoted at £56, as agamst £54 17s yesterday.
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Bibliographic details
New Zealand Herald, Volume LIX, Issue 18120, 19 June 1922, Page 7
Word Count
55NEW BANK RATE. New Zealand Herald, Volume LIX, Issue 18120, 19 June 1922, Page 7
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