GENERAL CABLES
REDISCOUNT -RATE, 1 NCR FA'S ED IN NEW YORK. united Press Association —By Electric Telegraph.—Copyright. I NEW YORK, October 15. '(’he Federal Deserve Bank’s rediscount was increased to three and a half per 'cent, to-day fiom two and a half. The latter was put into effect only last week, and since then there have been large losses of gold. It was. assumed ill some quarters that the,quick upward revision was made in order to stem the Outflow, uSVeu though no alarm was expressed fii banking quarters concerning the amount of. metal already Lis t. 4ho new rate is the highest since 1930. EXCHANGE. LONDON, October 15. Montreal exchange is 4.38.
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Hokitika Guardian, 16 October 1931, Page 6
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112GENERAL CABLES Hokitika Guardian, 16 October 1931, Page 6
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