LONDON STOCK EXCHANGE
Reed. 9.5 a.m. LONDON, Saturday. The Stock Exchange has opened the year in good form, and there has been considerable activity in most departments, especially in speculative shares, hi " hich America has been opera-ting Gilt-edged stocks, though they are not over active, remain very firm, notably the five per cent. War Loan. The position of gilt-edgeds has been improved by the better monetary conditions arising from a reduction of the Berlin bank rate to 61 per cent., after standing at 7 per cent, since October, 1927. It is hinted semi-officially that a further reduction to 6 per cent, may be expected before long. Apparently Germany has now obtained sufficient gold for her requirements. and there does not seem any likelihood of a resumption of purchases here for export to Berlin.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290114.2.62.6
Bibliographic details
Sun (Auckland), Volume II, Issue 561, 14 January 1929, Page 10
Word Count
133LONDON STOCK EXCHANGE Sun (Auckland), Volume II, Issue 561, 14 January 1929, Page 10
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