“NERVE WAR” FAILING
SIGNS ON EXCHANGE PRICES OF STOCKS PRE-WAR LEVELS RULE (Reed. Nov. 6, 9 a.m.) LONDON. Nov. 4. Herr Hitler’s “war of nerves” has been so unsuccessful that prices on the London Stock Exchange are mostly back to pre-war levels. The Financial News estimated that investors with well-balanced portfolios are now as well or probably better ofT than at the end of August The discontinuance of the publication of many statistics since the war makes it difficult to obtain full picture of the business situation in Britain, but it appears that the average daily value of retail sales in September this year was substantially higher than in September of 1938. The demand is concentrated on blankets, clothing, black-out materials and food, while furnishing, hardware, sports goods, luxuries and entertainments are severely hit.
Bradford merchants have been informed by the wool control authority that it is now willing to consider applications for licenses to export normal quantities of fine wool tops. The control authority has also agreed to liberate limited quantities of low wools. The prices have not vet been announced. Crossbred types used for Government purposes will not be released.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20087, 6 November 1939, Page 7
Word Count
192“NERVE WAR” FAILING Gisborne Herald, Volume LXVI, Issue 20087, 6 November 1939, Page 7
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