MONEY MARKET.
Good Undartone on London Stock Exchange. British Official Wireless. RUGBY, September 22. The general undertone on the Stock Exchange is good and home industrials, notably motors and rayons, show ad-Gilt-edged prices made further headway, 3i per cent war loan advancing to £lO5 12s 6d, Consols, 4 p.c., to £ll3 12s 6d. and funding loan, 4 p.c., to £ll6 7s 6d, all new high records. A total amount of £65,585.000 was applied for in tenders for £40.000.000 in Treasury bills. The amount allotted in bills at three months was £33,000,000, the average rate per cent being 9/3.45d, compared with 10/5.61d a week ago. Sterling on New York opened at 4.99 dollars and on Paris at 74? francs. British Government stocks are firm, but German bonds were weak with sales at £53.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20418, 24 September 1934, Page 9
Word Count
132MONEY MARKET. Star (Christchurch), Volume LXVI, Issue 20418, 24 September 1934, Page 9
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