MINOR BOOM
ON LONDON STOCK MARKET PAUSE IN INTERNATIONAL 1 TENSION. LITTLE CHANGE IN PRICES | OF COMMODITIES. 2jy Telegraph—Press Association Copyright. (Received This Day, 11.50 a.m.) LONDON, May 12. A minor boom has developed in the markets from a growing belief in a more or less prolonged pause in.international tension and the inflationary implications of Government spending. Profit-taking halted rises on Thursday, but the markets closed the week with firm apnearances. Gilt-edged stocks closed under the best conditions and owing to foreign and especially Japanese selling of foreign bonds, including German and Czech stocks, are higher. Though there has been a good demand all the week for most raw materials and foodstuffs, movements of prices have been narrow and speculative interest limited. TREASURY BILLS IN FREE DEMAND AT LOWER RATE. (Received This Day, 11.5 a.m.) RUGBY, May 12. The total amount applied for by tenders for thirty millions sterling worth of Treasury Bills was 58 millions. The average rate per cent on the bills for three months is 13s 4.6 d, compared with 15s 11.77 d a week ago.
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Wairarapa Times-Age, 13 May 1939, Page 8
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179MINOR BOOM Wairarapa Times-Age, 13 May 1939, Page 8
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