LOAN CONVERSION
MARKET FLUCTUATIONS
MOVEMENTS FAVOUR LATE APPLICATIONS.
(United Rress Association—By Electric .. i Telegraph—Copyright.)
LONDON Augu'gt 10.
Official returns indicate that 15,703,000 cash bonuses were, paid to Saturday, so it is inferred that the total converted during July was over rather than under £1,630,000,003. ■ Owing to the weakness of gilt-edgeds and buoyancy of American stocks thr absented .war loan fell to 97, but later rallied to 97jf. This regrettable fall gives ail advantage to those who exchange now from the war loan over the patriotic holdfers who responded to the conversion appeal in July. The “Financial News” thinks that the official .announcement of the result of the conversion, which is now imminent, will restore motit of the losses that gilt-edged- prices may have suffered.
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Hokitika Guardian, 12 August 1932, Page 2
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124LOAN CONVERSION Hokitika Guardian, 12 August 1932, Page 2
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