MARKETS RECOVER
London and New York NON-INTERVENTION TALKS (Received 22, 8.45 a.m.) L0NDON, Oct. 21. Though .the Stock Exchange had closed when the news of the decision of the Non-intervention Committee was announced, there was an immedigt© favourable rcaction in outside dealings. As showing the reaction in tho United States buying orders flowed steadily on to the stock market, forcing prices up by from one to 11 points. i The transactions amount.ed to I 4,340,000 shares. High-grade bonds were firrner. and «speculative issues^ which habitually follow the trend of stocks, rallied oa« to four points. j Later: The London markets aro active and strong following the overnight recn-rery of Wai! street and tho non-intervention news. Engineering, shipping, oil and rubber shares aro especially favoured. There lAv© been many substantial gains. The change 1& sentiment is remarkable.' Though' tho buying is mainly professional, it is 1'elt thaL the public will not ha long in following the " iead, provided i jBtrjet' munages- tq- hold'- it§> recoverg&
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 25, 22 October 1937, Page 5
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164MARKETS RECOVER Hawke's Bay Herald-Tribune, Volume 81, Issue 25, 22 October 1937, Page 5
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