N.Z. CONVERSION
WELL BACKED.BY BANKS
COMMENT IN LONDON.
NO PRESSURE OF SELLING EXPECTED.
By Telegraph—Press Association—Copyright,
(Received This Day, 1.30 p.m.) LONDON, August 9,
The "Daily Mail” expresses the opinion that the enormous financial strength of the banks guaranteeing the New Zealand conversion ensures that there will not be such market selling as accompanies underwriters shouldering their commitments. The banks probably took up ten millions sterling, but the actual amount is unlikely to affect market prices. Dealings at the start should not be erratic, business being anticipated slightly below the issue price of £99:
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Wairarapa Times-Age, 9 August 1939, Page 6
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94N.Z. CONVERSION Wairarapa Times-Age, 9 August 1939, Page 6
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