Show I BANK Of ENGLAND I DRAW I II I Now New York Oct or of he financial world wan wall focused on cit time the Bunk Bank of aln today b n a third Iii the rao raoof I of to five per e cut nt Onto ocro hel beu 7 tho ho rate was tas put at 3 per cent cant after having stood at 2 I 12 per cent since the 1 of AprIl Toda fI lIve IIvo I Irh lr coll rate a rh of 2 11 1 cent cen bank bani j P rate In tuto to weeks Such Stich drastIC aC opt OIt In p times mul be a as all au Indica lion ut of extraordinary conditions OTt On OcL 31 1907 1307 the tho rate rale was as raIsed to toS S t 12 per ner emit rout rom I 1 12 per 1101 cent In InI I rr IQ l the bunking panic which had out In Iii New lI on Nov Ko KoI I 1 followIng the rate ent to the six I lr ler cent and on Nov O 7 to seven PO POr coot cout as the tho rosult ci till tue acute demand I for fol gold old No Nev Y V jc for fat rosette Pu Ii ses That the lie JH of the Bank Banh BankI L I of Is directed In against i Ne e YOlks Yorks is iH In III news advices from ironi ondon I and Is Indicated d b by the lie bea heavy se cil ing Of securities for or L don con on account which was wa force the measures uC of the These sales vere hea today tolar rin und were to the closing or Of In rude In which theo theno sto li kui lilI lI as collateral oiled Sl Steel was the tho most notably affected |