MONEY MARKET
IN AUSTRALIA
(Australian Press Association.)
SYDNEY, -April 29,
The Stock Exchange at Sydney reopened after the Easter vacation. The turnover was moderate, hut there was a steadier tone.
Much interest was created on the Commonwealth loans, in which a general advance beyond the amount ol the accrued interest occurred.
The possibility was freely discussed of a" reduction in the interest rate on Government Securities and also of a new Commonwealth' loan being offeree to yield a fraction, below six per cent.
'The improvement in the wool market and the rains in the parched areas have produced a feeling ol greatei optimism.
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Hokitika Guardian, 30 April 1930, Page 6
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103MONEY MARKET Hokitika Guardian, 30 April 1930, Page 6
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