PALL IN GOVERMENT STOCK.
Received Monday, 7 p.m. LONDON, August 4. British Government stoek prices since January have fallen spasmodically, says khe Times in a leader. Tlie fall in recent weeks has been violently accentuated largely by saies of stock by industrial companies. Many of these companies, for the past six or seven years, have been unable to spend much of the amounts they regularly set aside for replacements and extensions of machinery and buildings. They, instead, put these funds provisionally into the Government 'S national war bonds and savings bonds. However, in the past year renewals and replacements have begun again and these Government stocks have to be sold in order to pay for them. Big falls in stock exchange prices during the past fortnight are indeed due to the immediate emergency but they are also a continuation of the trend whieh started at the beginning of 1947. The stock exchange "boom" ot 1946 has broken.
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Chronicle (Levin), 5 August 1947, Page 5
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157PALL IN GOVERMENT STOCK. Chronicle (Levin), 5 August 1947, Page 5
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