OCR Text |
Show Dank of England Shows Confidence In ; United States. Iintlnn Tho director ot tho Dank of Knglnnd on Thursday lowered thu minimum rate of discount to C from 7 per cunt, which latter rate waa e tabllshed aa a result of Iho recent America-! tlnituclal crlsl Improved financial condition In America, coupled with a better monetary situation situa-tion In fifrmany, assisted tho direct or In thtlr decision to remove the stringent rate of discount, which haa been handicapping trade nnd specula I Hon for the past seven weeks |