THE RISE EXPIRED.
LONDON, July 34. The rise in the bank rate is clue entirely to the sharp Use in money • alue in New York since the end of last week—probably the outcome of America's loan operations, including to the Allies, also thm expansion of trade activity. The rise in New York came as a surprise to London. as it was believed that considerable loanable capita! was still available in America. The possibility of a rise n the London bank rate was only seriously envisaged last evening Financial circles generally approve. the step .-is a precautionary measure designed to promptly allay the feeing of unrest. The future depends .-.biefly on American development. It is hoped the increased rate will be ?nly temporary but it is to be resetted that it may indefinitely postpone the big long-dated war loan vhich was anticipate; in many quar-
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Bibliographic details
Taihape Daily Times, Issue 160, 15 July 1916, Page 5
Word Count
144THE RISE EXPIRED. Taihape Daily Times, Issue 160, 15 July 1916, Page 5
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