NEW ZEALAND ISSUES SOUGHT

Auckland Star, Volume LXXIII, Issue 175, 27 July 1942, Page 5

NEW ZEALAND ISSUES SOUGHT

LONDON STOCK MARKET With the critical Russian sit^SSn^nd"reported 557 £5585* IOESeS dictating caution, the "St market upward movement has lost its momentum. The search for higher gilt-Wed y is reasserting itself, but exchange circles eouities I* n rli eory the current support for ? hedgc against Inflation. The nil™ <\i se « rc Ji 1 rathe r than increased confitnr t i »< outlook, appears responsible £h,>h ? n Vl ued demand for New Zealand bonds. ~v.t he> . outstanding feature of Dominion ou ? h several Australian are above o£9ciai P rl ces. Indicative of the prevailing nf& e , In y, est< i r ° Chronicle recommendation , N '7 Zealand's 4','j and Australian 3«, i'» for mixing purposes in gilt-edged portfolios. 9° ve rament stocks, which hare Been gradually unfreezing, are now almost entirely free from the ban laid upon dealing by the minimum prices and the absence of demand, said the London Financial Times recently. Two oi three of the Australian loans can also be dealt in. , though the majority of Commonwealth lsßues havestm to find sufficient mipport for the market to become liquid. New Zealand is a little furthei from the d»nger zone than Australia and. more- « Zealand stocks have generally enjoyed a slightly higher credit than those of the Commonwealth. To these two reasons the greatei partiality of the present investor may be ascribed.