REDUCTION APPROVED IN FINANCIAL AND STOCK MARKETS
inB U'ritisli Official Wireless)
■lOYERNMENT FUNDS FIRM
i'e-H RUGBY, Friday. ;li-H\s was anticipated, the Bank of gscland's discount rate was reduced fitBday from 3 per cent. to 21 per ;eoBit. er-Bppiuion both in the money and 'P.-llck markets warmly approved of iorlg! reduction. allBhe bank rate was lowered to 3 cent. on April 21. The last ocjt'giion on which a 21 per cent. hanlc anBh was fixed was May 14 last year. wollowing to-day's reduction of the rate the stoek markets generalbBclosed with a good tone, British being lirm. The war loan 5 al cent was quoted at £101 13s 9d.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 223, 14 May 1932, Page 5
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108REDUCTION APPROVED IN FINANCIAL AND STOCK MARKETS Rotorua Morning Post, Volume 2, Issue 223, 14 May 1932, Page 5
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