| Show 5 BANK OEN L NO il 1 J i RAISES 4 1 1 I II I DIr Put Up the Minimum 1 Ruts Rt from Six to Seven I IPer Per Poi Cont Cant I It ITHE t I THE Hf SINCE 1873 Action Taken to Reserve Against Do De Demand mand nUI for forG Gold td 1 I London i Some but It H Will t ho bo e loH re la In London Nov sv The director of or the u I Ithe uthe Bank Bak of af England this morning put pitt up th the minimum discount rate rat from tro I to 7 I Iper pr per cent cant Th Thu only thing which would t have ve averted this rt rate would breve been cn n i from front responsible nu WI n M 1 II New York that the II i Which It I is Ia recognised Is I Iw u tn t 1 the thi cx x ce demand d upon r pital due dus du dusto i ito to the Ute great activity in America in lit well ell in hand band to t warrant the expectation that th there ie would be 1 an All j 7 c of o the tho gold nitS i drain drio on nn this market kel In the Ih of nf f such at an t assurance the Bank of Em land utilised th the orly oily w a ration cpru at t Iou mat matto to Its It aI It If is 1 realise j h hut e ever I sven this high i te may maynet j jIlt net iKi prevent pre nl if t tIl 01 M to 10 t S Na York but bat It Ix iii hope hop I thit th I ken t u h u may ny ai 3 a I 1 tini IR I the th mortal Intal from trop abroad ab in s a to restore oro the equilibrium i iTh j The Th tf t I w as a doubly d ne necessary as the thu bank must nurse nun it its supplies met Jut a lit Ch present for the uj autumn county cash b ic re r 1 I a well 11 as IU tru If usual EcY halt tilt for foi 01 gold from frona 0 Argentina r The Th last occasion when a 7 per rant cent rate 10 t nun near enforced by b the Bank of o Kr n nanti anti lall was waa in and nd was waa due dIM to finan financial j I cial Ial I on the continent and nd In lii 1 On In n that It occasion Ot loo the 11 I J eventually 9 8 IN br or cent nt but n it K i fell fall II to 1 I The local community In iii Inbound I j bound to feel feci ih Uk pinch and Ih the finan I Id cleis d the drastic rt rite rate will SUNS tau an on VvO vc Rr greater ter In ID Ocr Ger Germany i 1 many man with a I lucre of or r the discount Jt rat rale of 0 the Imperial bank 1 sad and selling orders order from frem Berlin I Th Tb announcement of 01 the Increase mcrae I of nf the flank Bunk ol ot England rate rte by a 1 I full point had ba a strong t effect og Ui the stork exchange here her h foti o which opened n d 31 higher wing owing tu I Li the Ih ei el j of railway dispute tell II H it Il point 1 Hone Home rails raUB t I t to tn 4 points poInt dearer I but bet lost most mot of ur the advance that thata a few tw i American rails rail had hed t 1 similar action The opening o prices price ruled ji around OIIn parity but a drop of ot a point t followed Immediately alter after the publication tion Uon to of 01 the Ute bank rate rae end Rn selling L Iff broil lions at lit noon down 1 I to 3 a f point pot Op their than ye t rd r til til t aba bank statement i tully fully real w w ft h b be PlUie on n Ij the Ute gold If r reserve arr Tile The allOwed d the weeks week drra d tier ream to b be il tb the utah total reserve merve erv being baling 3 against last at J week and 19 10 i im m at al this Urns Ume U last Iet year cr There Th er Inquiries In the market l thin this morning for 01 another r in Ingold ingold gold Kold for fOI BANK BANI OF OP FRANcE ACTS i iaria Paris Iria aria Nov No 7 The Bank of n Francs today raised Its It discount rate rale r I from freer IS ISto I i iI to I Lv 4 per cent nt I At AI th rh HI same time the th RAnk Bank of Prance France advanced the rate rale on loan loans from 4 lo so lop p r cent e nt WEAK f Berlin Nov Not 7 Price on Lh the tho hour INJun 1 today lda decide 11 weaker upon 1111 L the advance In the Bunk Batik of England I discount rate I 1 |
