STOCKS IN LONDON
NEV/ ZEALAND BONDS IN DEMAND. QUEST FOR HIGHER YIELD. (By Telegraph—Press Association—Copyright) (Received This Day, 11.55 a.m.) LONDON, July 24. With the critical Russian situation and reported heavy shipping losses dictating caution, the recent stock market upswing has lost momentum. A search for a higher gilt-edged yield is reaserting itself, but Stock Exchange circles discredit the theory that current support for equities is partly due to hedging against inflation. The higher yield search, rather than increased confidence in the Pacific outlook, appears to be responsible for the continued demand for New Zealand bonds, which is an outstanding feature of the Dominion bonus market, though .several Australian issues are above the official minimum prices. Indicative of the prevailing trend of opinion is the ‘ Investors' Chronicle’s” recommendation of New Zealand 4J per cents, and Australian 3J per'cents for mixing purposes in the gilt-edged portfolio.
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Wairarapa Times-Age, 25 July 1942, Page 4
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145STOCKS IN LONDON Wairarapa Times-Age, 25 July 1942, Page 4
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