ALARM ON EXCHANGE
NOTICE OF BANK RATE,
London, duly 17.
An extraordinary mishap caused the news to be telegraphed to many countries that the bank rate had advanced and caused unnecessary consternation in the city and elsewhere.
It appear® that engineers testing the electric sign at the Stock Exchange left the indicator in the wrong position. When the news was received that the bank rate' showed no change, the sign intended to indicate “No change” flashed “4 per cent.’' This caused terrific excitement and cheers of relief greeted the alteration a few minute® later,
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Bibliographic details
Taranaki Daily News, 25 July 1931, Page 9
Word Count
94ALARM ON EXCHANGE Taranaki Daily News, 25 July 1931, Page 9
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