Weekly Chronicle in London, Middlesex

Trade and Conmerce Outlook as Corn Trade Shifts Duties

City Saturday reports little change in foreign exchange against the backdrop of a rising English wheat price. Analysts expect foreign corn to enter at a low one shilling per quarter duty, unlocking capital and boosting trade. Money demand grows, rates rise modestly to 3 percent for English securities and 4 percent for foreign, with discount market prime paper at 2 1/2 percent.