MONEY MARKET
STANDING UP TO STRAIN IN LONDON ALMOST CHEERFUL CLOSING TONE. SOME BOOMING IN BERLIN AND PARIS. By Telegraph—Press Association—Copyright. (Received This Day, 12.15 p.m.) LONDON, August 25. For the second time in twelve months a crisis has subjected the city’s financial machinery to an almost intolerable strain, but once again it has emerged creditably from the test. The markets closed almost cheerfully, fully recovering yesterday’s losses. Any. general comparison of prices over the week, however, is meaningless and any assessment of the outlook is similarly impossible. The Berlin Bourse has boomed during the last day or two in the belief that a general peace settlement is likely to be to Germany's advantage. The Paris Bourse is very active, with spirited bidding for international securities, as a result of the fall in the value of the franc and sterling, excitement gradually spreading to other sections and closing in an almost boomlike atmosphere.
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Wairarapa Times-Age, 26 August 1939, Page 8
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153MONEY MARKET Wairarapa Times-Age, 26 August 1939, Page 8
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