MONEY MARKET
(Press. Assn.-
DECL1NE IN STERLING SHOWS INSTABILITY OF MARKET
— By Telegraph— Copyrlght).
Rec. Oct. 23, 5.5 p.m. London, Oct. 22. The decline in sterling revealed the nervous instability of the market. Prophets, who a week ago, spoke of British securities progressing on the three per cent. decline, now forecast a general decline of gilt-edge
and advise the buying o± gold ana sitting thereon. These extremes o± sentiment present a reasonable estimation of the future of circulation and f orecast the direction m whic scrip will next stampede. The best opinions consider that sterling is likely to decline until the end of the year. ■-
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Rotorua Morning Post, Volume 2, Issue 361, 24 October 1932, Page 5
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105MONEY MARKET Rotorua Morning Post, Volume 2, Issue 361, 24 October 1932, Page 5
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