Use of bank credit in Stock Exchange speculation. Reserve Board at Washington against the excessiveĪnother factor, however, to be reckoned with is Raising its discount rate a full 1%, from 4 % to three months bills were 5 3/16 against 4 5/16(g438ĥ %, and the new warning issued by the Federal last week. The two important events of the week have of in the open market yesterday were up to 51 8(4)5 3/16Ĭourse been the action of the Bank of England in against 4 on Friday of last week, and Mediate response has been satisfactory, as short bills Office of Co lowed by an advance in the London open market to William Dana Seibert See., Herbert D.Seibert. Jacob Seibert Business Manager, William 13. rate by itself alone will not suffice, unless it is folpresident and Editor. Published every Saturday morning by WILLIAM B.DANA COMPANY. Membered that the mere marking up of the Bank It is to be reFront, Pine and Depeyster Streets, New York change operation.ĭuring or not, remains to be seen. Whether these results will be enLONDON Orrice-Edwards & Smith. Gray, Western Representative, clude further takings of gold as an ordinary ex208 South La Salle Street, Telephone State 0613. Mediate response certainly has been as desired, sinceĤ5 Cents exchange on London has risen sufficiently to preContract and Card ratesĬameo.) Orrfcg-In charge of Fred. Tion of the problem will have been taken. Rate implies, an important step forward in the soluPUBLIC UTILITY-(semi-annually) Higher rate of return, such as a rise in the discount Tion Record the subscription price is $6.00 per year for all the Others IS For the Bank and Quota- investment at home through the inducement of a The following publications are also issued. Within Continental United States except AlaskaĦ.75 this money can be recalled, that is, brought back for This way in quite exceptional amounts, attracted byĦ Mos. Ment to New York have been assuming such largeĭimensions is that British funds have been flowing
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