LONDON MONEY MARKET.

Gisborne Times, Volume XXV, Issue 2117, 27 June 1907, Page 2

LONDON MONEY MARKET.

United Press Association—Copyright ' Received Juno 27, 1.6 a.m. LONDON, June 26. The Times says in money market many had regarded Mr. Asquith’s announcement as likely, partly because it was a matter of common knowledge that no such loan could have been issued except in terms which would bo regarded as discreditable to the British Government, which has now had its eyes opened to the mischievous consequences of the pledge so imprudently_given to General Botha: The change of plan raised prices materially towards the former level. If nothing fresh comes to disturb the revival of confidence, the revival of business to a fair extent- seems reasonably probable. The Financial Times says the change of sentiment on the Stock Exchange yesterday was marked, and as it is understood that; Mr. Asquith completed for the present redemption of floating debt, and intends to begin applying his energy to the cbnsol market, the opinion is expressed that funds have finally turned the corner. The Telegraph states that Mr. Asquith’s statement gave great relief. It is stated in some quarters that the futile character of the Premier’s proposals concerning tile Lords is also responsible for improvement.