MARKET CHECK

Wairarapa Times-Age, 18 March 1939, Page 8

MARKET CHECK

AS RESULT OF EUROPEAN CRISIS STOCK EXCHANGE TRADING IN LONDON. FOREIGN BONDS COLLAPSE. By Telegraph—Press Association—Copyright. (Received This Day, 12.30 p.m.) LONDON, March 17. The whirlwind of the Czechoslovak crisis terminated abrupty a six weeks’ cheerful market interregnum, with little chance of its early resumption. The markets at first showed strong resistance. under the impression that, tranquillity would follow Germany's ‘ latest coup and nervous sales were readily absorbed, but, as it became increasingly likely that developments will not be limited to Czechoslovakia, and as reports of uneasiness in other Central European countries and French forecasts of early Italian moves have multiplied, the volume of sales has risen.

A good feature has been the steadiness of Dominion bonds, declines above three-quarters per cent being exceptional while some have l even hardened. The full brunt of the crisis of course fell upon foreign bonds. Czecho eights crumpling from 69 to 38. Declines in Reich issues were relatively moderate, averaging 3 points. Commodity markets have been quietwith a reactionary tendency.