CHEAPER MONEY
BRITISH FUNDS IN DEMAND
(British Official Wireless.)
RUGBY, May 8
“The Times’’ says': “Still easier conditions on the short loan market and widely hold expectations that a long period of cheep money is in prospect, combined wiki). flic continued scarcity of bilks were responsible for a further •sharp fall in the Treasury lull rate. Applications f ir £35,000,000 of the three months’ Treasrury bills put up for sale by tender to Called £62,065,009. The whole amount, of the offer was allotted and the average rate discount worked out to only 30s 1.1.36 d per cent, per annum which js nearly a low record.’
The market for British fund-; and other e/itt-edged securities remains strong and the City view is that ibis will continue until other securities dependent for their income on the recovery in trade become at'trt'ctive once more. Yesterday I here was a lurlli.'r general advance ami appreciable amount- in all long-term British stocks.
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Hokitika Guardian, 10 May 1932, Page 5
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157CHEAPER MONEY Hokitika Guardian, 10 May 1932, Page 5
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