COMMERCIAL SUMMARY.
STOCK MARKETS LIFELESS. LONDON, Jan. 29. The stock markets are disappointing. Business has almost been brought to a standstill and public interest is negligible. The strength of gilt-edged securities is the solitary redeeming feature. Commodities, like the stock markets, are inactive. The fall in rubber, despite the revised quota, is typical of the markets’ mood. All the reviving confidence of a fortnight ago appears to have evaporated. Tin is the weakest among the metals. The value of statistics is becoming loss and less, as it is obvious that, whatever they indicate, world stocks are rising fast. The wool sales have tended to slacken. There have been a number of withdrawals and it is noted that Homo and Continental buyers are becoming reluctant to meet sellers’ limits The Economist’s review states that trade shows the index of business activity. for December as only one point above that of December, 1936, thus, practically the whole expansion during the first nine months of 1937 has been lost.
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Manawatu Standard, Volume LVIII, Issue 53, 31 January 1938, Page 5
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166COMMERCIAL SUMMARY. Manawatu Standard, Volume LVIII, Issue 53, 31 January 1938, Page 5
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