IMPROVING OUTLOOK
RETURNING CONFIDENCE IN LONDON STOCK & OTHER MARKETS FIRMER. VALUES ADVANCING SEDATELY. By Telegraph—Press Association. Copyright. (Recd This Day, 10.40 a.m.) LONDON, July 8. Though the improvement in business in London to some extent is still a reflection of Wall Street, there are indisputable signs that confidence is returning. The City’s chief anxiety is that the progression of values should be orderly and, in view of this, the outbursts in New York are mistrusted. London markets are tending to advance sedately on a perfectly sound technical position. The fact that giltedged equities have risen together for nearly three weeks is producing a more confident feeling among investors. The Anglo-German debt settlement has been also a favourable influence. The bond market is firm, including New Zealand bonds, which have benefited from categorical New Zealand Government statements that default is out of the question.
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Wairarapa Times-Age, 9 July 1938, Page 7
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143IMPROVING OUTLOOK Wairarapa Times-Age, 9 July 1938, Page 7
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