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Helena Independent in Helena, Montana

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Newspaper

Helena Independent

Location

Helena, Montana, United States of America

Date

Jun 19, 1875

Page

4

Quiet Western money market shows demand for discounts

Advises indicate a quiet month in Western money markets with more action in discounts. Banks meet demand freely and expand discount lines as St. Louis and Chicago remain easy around 7 percent. Currency moves in New York exist yet mercantile channels provide renewed supply. Open market prime paper stays in good demand with rates near 7.3 percent. below this level is rare. Eastern exchange remains ample with par to premium trading around 20 percent. Overall market not excited, prices drift between 16 and 7.

St. Louis Chiewago New York Eastern Exchange

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