BUSINESS IN LONDON
POOR TRADING ON STOCK EXCHANGE COMMODITIES GENERALLY WEAK WOOL A NOTABLE EXCEPTION (Recd This Day, 12.50 p.m.) LONDON, May 20. A variety of depressing influences has discouraged an expansion of business on the Stock Exchange. Industrials are irregular, last week’s rise in commodities lacking staying power. Tin, and copper are weak, as American buying still fails to materialist. Lead and spelter production remains in excess of the demand. The outlook for commodities in general remains not hopeful. Wool remains a notable exception. The firmness attending the opening of the sales in London was maintained throughout. Fruit prices continue to be good, as Home crops have suffered further severe damage. Butter has come to a standstill after a hectic rise during the past month. Holders have lowered their prices to attract buyers, but quotations are nominal, several shillings below those of last week.
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Wairarapa Times-Age, 21 May 1938, Page 8
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145BUSINESS IN LONDON Wairarapa Times-Age, 21 May 1938, Page 8
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