DOWNWARD DRIFT
IN LONDON STOCK MARKETS BUT NO PRESSURE TO SELL SHARP CONTRAST WITH BERLIN (Recd This Day, 9.50 a.m.) LONDON, August 16. Though the gold and foreign exchange markets continue to reflect the political tension, the stock markets are standing up remarkably well. Prices are drifting downwards in the absence of buyers, but there are no signs of pressure to sell. The trade returns offer little comfort, as indications are that exports will show a further fall in the autumn. Some commentators consider that this is due to the excessive costliness of British products. The calmness of the markets in London contrasts sharply with Berlin, where reluctance to buy his resulted ■I in an acceleration of the slump.
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Wairarapa Times-Age, 17 August 1938, Page 5
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119DOWNWARD DRIFT Wairarapa Times-Age, 17 August 1938, Page 5
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