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The Evening World
New York, New York County, New York
What is this article about?
On April 29, London's money market saw good demand and firm discounts due to scarcity. Stock trading was slow and steady, with focus on Americans rallying then closing steady, and Japanese bonds dull at par.
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LONDON, April 29.—Money was in good demand in the market to-day, despite recent heavy borrowings from the Bank of England. Discounts were firm owing to the scarcity of money.
Trading on the Stock Exchange was inactive and prices were steady. Operators were chiefly engaged in closing up commitments over Monday's holiday.
Consols hardened a fraction.
Americans were the chief feature of interest. They opened dull, rallied on local American buying, and after being generally irregular closed steady. There was a disposition to support prices in anticipation of a favorable New York bank statement, and the idea that the decline was over for the present.
Japanese were dull. The new loan was quoted at par. Imperial Japanese Government sixes of 1904 were quoted at 100 1-2.
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Foreign News Details
Primary Location
London
Event Date
April 29
Outcome
prices steady; consols hardened a fraction; americans closed steady; japanese new loan quoted at par; imperial japanese government sixes of 1904 quoted at 100 1-2
Event Details
Money in good demand despite heavy borrowings; discounts firm due to scarcity; Stock Exchange trading inactive with operators closing commitments; Consols hardened; Americans opened dull, rallied on buying, irregular then steady, supported anticipating favorable New York statement; Japanese dull