RE-DISCOUNT RATES
RESERVE BOARD APPROVES CURBING SPECULATION (A. A- N.Z.) WASHINGTON. April 19 The Federal Reserve Board has approved of the establishment of rediscount rates of 41 per cent, for thp Boston and Chicago reserve banks, to be effective on April 20. The New York Federal Reserve Board has ma<k no change in the rate. A message from New York states that the lour million share trading has so congested the brokerage offices with clerical work that the Stock Exchange governing commit! es has voted to close the exchange on Saturdav. April 21 to permit the firms to clear jp the work. ,
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20127, 21 April 1928, Page 8
Word Count
102RE-DISCOUNT RATES Wanganui Chronicle, Volume LXXXIII, Issue 20127, 21 April 1928, Page 8
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