MARKETS WEAKEN
Outbreak of Gold Share Selling (Meceived 23, 8,45 a.m.) LONDON, June 22. Hopes for an iinprovement itt the London stock markets were dispelled to-day with a furthef oUtbreak of seiling of gold shares which had practically no support and fell to lower levels. The French financial crisis, the Spanish situation and tlie postponement of the visit of the German Foreign Minister, Baron Von Neurath, caused buyers to hold off the other markets, rubber stocks alone remaining steady. The Financial Times emphasises that the iron and steel industry is likely to enjoy stable cotiditions aud substantial activity for several years, The market finished raggedly owing to nervousness over tlie Spanish situation and the outbreak of selling of gold shares in South Africa, A Oapetown message says that the Land market experienced its tnost hectic day for years. Nobody seemed to know tlie reason for seilitig as sb«.res piled on a falling market, London buying at the close of the Session alone , steadied values. i
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Hawke's Bay Herald-Tribune, Issue 134, 23 June 1937, Page 5
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165MARKETS WEAKEN Hawke's Bay Herald-Tribune, Issue 134, 23 June 1937, Page 5
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