LONDON MARKETS FIRM

Hawke's Bay Herald-Tribune, Volume 81, Issue 61, 4 December 1937, Page 5

LONDON MARKETS FIRM

-I'rsaa Asan.-

Stock Exchange Finishes Week Well REV1VAL AFTER SLUMP

(By Telesraph-

-(!opyrigIit.i

(Keceived 4, 1.25 p.m.) LONDON, Dec. 3. The stock markets finished the week comparatively firmly, but tbe actual business was light. The failure of one of the smaller firms of stockbrok'ers has not affected sentiment. The amount involved is believed to be inconsiderable. Gold shares have been consistently strong throughout the week. Mr Agnew's speech at Consolidated Goldfields' annual meeting, at which he emphatically reaffirmed that gold was not likely to fall below £7, did much to hearten investors. Mr Agnew also opened some hope of improvement at Wiluna, as the company still has very material reserves of profifcable ore." Bubber shares provided another interesting feature. Shares responded strongly to a quota reduction on November 30, which has since reacted on proft-taking, but the hopeful undertone contrasts markedly with the recent de-pi-ession. Gilt-edged issues opened the week strongly but have since been irregular. Industrial issues are s&tisfactory, and widespread, jf modest, gains have been recorded. Internationals are strong to-day as a result of an overnight improvement on Wall Street. v _ ,The improved sentiment on the Stock Exchange has assisted commodities. Bubber is stronger following the quota decision. Metals generally are higher. Cotton is unchangecr, but wool is inclined to easiness. Wheat is lower, after bearish crop reports, and the demand is dull. Provisions generally are firm.