STOCKS FIRMER
ADVICE AG AINST SELLING
(Australian Press Association) SYDNEY, October 'l. There has been a decided improvement in the investment market 111 Sydney and Melbourne during the past two days, due to the evident desire m the Governments to live within the.i income.
Commonwealth bonds, banks shares and the better class of industiinstocks are appreciably" firmer, witn more buyers ad round. j.r Tranter, the chairman of the Associated Hanks, sounded a cheerful note to-day when be declared that people only required to deny them selves a few tilings and to adjust themselves to new conditions and then their economic difficulties would soon disappear. The healthy deposits held by the banks, lie said, were the best indication of Australia’s solvency. • Mr Tranter -said that this was the wrong time to sell stocks. His advice to those who were warned about the falling market was to lock their bonds and scrip in their sales, and to thrown away the keys.
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Hokitika Guardian, 3 October 1930, Page 1
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159STOCKS FIRMER Hokitika Guardian, 3 October 1930, Page 1
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