THE BANK OF ENGLAND
CREDIT ARRANGEMENTS STOCK MARKET REACTS. (British Official Wireless.) RUGBY, August 4. The developments in connection with the credit arrangements for the Bank of England which occurred during the weekend are reflected in the condition of the stock markets to-day. The effect of the recent' banking developments is regarded as an entirely favourable factor in the general outlook of. the London Stock Exchange and in the Foreign Exchange market. When business was resumed this morning after the holiday the rate of exchange London on New York was 4.85 J, and London on Paris 123.90. In the stock markets the marked strength of certain leading gilt-edged securities was the outstanding feature of the 1 business when the Exchange opened.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19310806.2.74
Bibliographic details
Otago Daily Times, Issue 21406, 6 August 1931, Page 9
Word Count
121THE BANK OF ENGLAND Otago Daily Times, Issue 21406, 6 August 1931, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in