LONDON STOCK MARKETS MORE BUOYANT
(Rec. 8.30 p.m.) LONDON, August 15. Buoyed up by the Solomon Islands news the stock markets closed for the week generally cheerful without, however, a commensurate buying movement. Some fairly large transactions helped the improvement of gilt-edged securities. New Zealand and Australian were moderately active. Among Government bonds New Zealand still command preference over Australian, partly because of the geographical position and partly because sterling debt is not over-burdened with a mass of stock carrying interest at 5 per cent. Consequently short-dated New Zealand bonds will enjoy a reasonably free market and it is only in the case of long-dated stocks bearing a low rate of interest that minimum prices have produced a freezing process.
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Southland Times, Issue 24824, 17 August 1942, Page 5
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120LONDON STOCK MARKETS MORE BUOYANT Southland Times, Issue 24824, 17 August 1942, Page 5
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