CLOSED STRONGER

Dominion, Volume 32, Issue 155, 27 March 1939, Page 12

CLOSED STRONGER

London Stock Exchange RECOVERY OF INDUSTRIALS By Telegraph.—Press Assn. —Copyright. (Received March 26, 6.30 p.m.) LONDON, March 25. The Loudon Stock Exchange had a see-saw week, sentiment varying daily according to European happenings, but the markets withstood the tension remarkably well and cloe-etl much better than might have been expected. The markets may have been weak but were never demoralized. ’There were a few falls in long-dated gilt-edgede, mostly about half a point, hitlust rials recovered from Monday’s and Wednesday's sharp relapses Io show only trivial declines. LONDON, Match 24. The growing political apprehension paralysed the investments markets this week. Quotations jumped about erratically under the influence of alternate feelings of optimism ami pessimism regarding the immediate conditions of international affairs. As business was reduced to negligible proportions, however, ’price movements may be described as unreal and mere reflections of dealers’ estimates of the public’s reaction to the headlines in the newspapers. Commodity prices were steadier. The strain on sterling was offset by heavy gold dealings. Shipments to New York totalled £14.700,000 sterling for the week.