Business: Wall Street Notes

Rediscount Rates. As expected, the Chicago and Boston Federal Reserve banks, by lifting their rediscount rates above the country's 4% level to 4½% a fortnight ago, excited other district banks last week to do the same. So doing were St. Louis, Richmond, Minneapolis. Bankers, brokers, borrowers expected that all twelve banks would have the same 4½% rates within a few weeks.

British & Irish War Bonds. The way for trading having been made by the listing of Great Britain & Northern Ireland 4% funding bonds (TIME, April 30), last week the New York Stock Exchange admitted to its list the 5% War...