COMMERCIAL.
THE BUTTER MARKET. Australian-N.Z. Cable Association. Received Dec. 2!), 12.35 a.m. London, Dec. %h The butter is cleared. The Controller promised another distribution on January 8, the proportion being dependent on arrivals. THE MONEY MARKET'. Received Dec. 28, 11.30 p.m. London, Dec. 28. The Bank of England has reduced its discount rates for .'i months and 6 months Treasury bills from 4% per cent, to 4 per cent., apparently owing to the unwieldy accumulation. It is stated that about £1,057,000,000 are in existence, their sale competing with the war loan. Tlie reduction surprised the money market. Discount rates are nominal. Bills 4 1-8 per cent., short loans 41-8 per cent. AUSTRALIAN MARKETS. Melbourne, Dec. 28. Barley.—Chevalier malting, 4s fld to 4s 3d; Cape, & 2d £o 3s 3d. Oats. —Algerian milling, -2s s}d to 2s 0d: feed, 2s 4d to 2s ad. Potatoes, £2 Ids to £5 10s Odious, £9 10s to £lO.
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https://paperspast.natlib.govt.nz/newspapers/TDN19171229.2.29
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Taranaki Daily News, 29 December 1917, Page 5
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153COMMERCIAL. Taranaki Daily News, 29 December 1917, Page 5
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