DOMINION FINANCE
STRENGTH OF GUARANTORS CONVERSION OPERATIONS BIG SHAKE BY HANKS LESS MARKET DEALINGS (Elec. Tel. Copyright—United Press Assn.) (Reed. August 9, 2.50 p.m.) LONDON, August .9. The Daily Mail expresses the opinion that the enormous financial strength of the banks guaranteeing the New Zealand loan conversion operation ensures that there will not be as much market selling as accompanies underwriters shouldering their commitments. The banks probably took up £10,000.000, but the actual amount is unlikely to affect the market prices.
Dealings at the start should not be erratic, business being anticipated at slightly below the issue price of £99
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20012, 10 August 1939, Page 7
Word Count
100DOMINION FINANCE Gisborne Herald, Volume LXVI, Issue 20012, 10 August 1939, Page 7
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