COMMERCIAL

Evening Star, Issue 23380, 25 September 1939, Page 9

COMMERCIAL

DEFLATIONARY BACKGROUND STOCK MARKET TRENDS EFFECT OF WAR SITUATION Press Association —By Telegraph—Copyright LONDON, September 24. The general background of the markets at present is deflationary. Some employers are reducing staffs. _ Banks are calling in loans. All industries face the prospects of rising costs, coupled with higher taxation and rigid control of costs and prices. Another factor contributing to the weakness of the stock markets is the demand for liquidity ■which has been accentuated by, the cessation of dealings in gilt-edged issues. There is some discontent on the Bradford market over the maximum prices of wool. There is little new business as firms are holding unsold wool and do not care to sell it within the prices the Government laid down. The feeling in Bradford is that the maximum prices are likely to he adjusted upward rather than downward.

MINES AND METALS REPORTS AND RETURNS MATAKI JUNCTION a [Per United Press Association.] WELLINGTON, September 23. The Mataki Junction return for the week ended September 21, SOoz of smelted gold, were secured iu 125 hours worked from 19,000 yards dredged. WHITE'S ELECTRIC The following is the official return of •gold won by White’s Electric Gold Dredging Company’s dredge during the week ended September 21: — Twenty-thrCe ounces of gold from 7,600 yards of material treated for 123 hours’ dredging time.

GOLD TOUCHES £9 Press Association—By Telegraph—Copyright LONDON, September 23. (Received September 25, at 8 a.m.) Gold rose to £9 a fine ounce. Since September 5 the metal has been stabilised at £8 8s an ounce on Bank of England activity.