WEAK MARKETS
REACTION TO WAR SCARES IN LONDON ALL STOCKS MARKED DOWN. NEW ZEALAND SECURITIES OUT OF FAVOUR. By Telegraph—Press Association —Copyright. (Received This Day, 11.20 a.m.) LONDON. Juno 16. The Far Eastern crisis has strikingly revealed the lack of stamina in the recent recovery of the markets. While pressure to sell is slight, an almost complete absence of buyers has caused a sharp all-round fall. Prices of gilt-edged stocks finished weakly, partly owing to the necessity of absorbing large amounts of Australian scrip, which also reacted unfavourably on Dominion issues. New Zealand stocks have suffered severely as the country's predicament s becoming more generally known. Uneasiness concerning Germany’s intentions in Slovakia and Danzig have adversely affected Central European issues. Chinese and Japanese bonds have been sharply marked down. Bullish trade talk has not helped domestic issues. Most of them are a shilling to two shillings down on the week.
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Wairarapa Times-Age, 17 June 1939, Page 8
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150WEAK MARKETS Wairarapa Times-Age, 17 June 1939, Page 8
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