LONDON MARKETS
LONDON, Aug,. 14. Last week’s promise of a continuance of the rising markets has not materialised, partly owing to the unfavourable developments in the Far East, but, though there has been little fresh buying, there also has been little selling; consequently prices have stood up fairly well. The market still takes the view that there will a strong revival in the autumn, especially as trade statistics continue good. The outstanding feature of the week has been the slump in Chinese and Japanese bonds, most of which are now about 20 per cent, below the levels of a month ago. Gilt-edged securities, however, are firm, while Dominion issues are receiving good support. Industrial issues are inclined to quietness, the speculative interest having evaporated, and they closed dull and uncertain. Newspaper shares are lower owing to the increased price of paper.
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https://paperspast.natlib.govt.nz/newspapers/MS19370816.2.53.4
Bibliographic details
Manawatu Standard, Volume LVII, Issue 219, 16 August 1937, Page 5
Word Count
141LONDON MARKETS Manawatu Standard, Volume LVII, Issue 219, 16 August 1937, Page 5
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