EXCHANGE MARKET DEMORALISED

Dominion, Volume 8, Issue 2559, 6 September 1915, Page 5

EXCHANGE MARKET DEMORALISED

MANIPULATORS AT-WORK, '1 RATES ERRATIC i By TeleerapK—Press Association—Copyright "• Now York, September 3. ; The exchange market is demoralised. ' An increase of ten cents exchange was -I recorded within-, a few minutes. Later ' theire was a loss of'four cents. The : i fluctuations are largely due to market " ■ ■S manipulations. ;* "'I BRITISH CREDIT LOAN REPORTED. (Rec. September 5, 8.30 p.m.) ■ j ' New York, September 4. • The exchange rose to 4.68 on receipt 1 ; J . of. a report that Britain had obtained a 1 preliminary credit loan, 1 variously stated at from fifty, to one hundred million i dollars. ' ... , .../j THE BRITISH MONEY MARKET j \ GOOD PROSPECTS FOR COLO' ' NIAL MATURITIES - ; By. Telegraph—Press Association—CopyrlsM ■ • 1 (Reo. September 5, 5.5 p.m.)- '< London, September i. .. j The "Morning Post" says that owing ' to the _ meagre supply of ordinary fine • q bills (i.e., with banker's endorsement ■ 'i and absolutely beyond question), it is" - j probable that really first-class colonial I maturities in respect of sis or twelve : ; jnonths' bilk will find a fairly; ready, market within the next weeks. ' ; .This message was referred to the ; ;1 ister for Finance last night, but Sir i Joseph Ward said that, he woiild not v - •'1 care to ascribe any definite meaning to : .it without further explanation. Heliad ' j had m similar message from the *High : Commissioner, but he would make im : ; quiries by cable, ' - ■■■' ' ; 3