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STOCK EXCHANGE RALLY HALTED APPROACH OF BUDGET BLAMED STEADY DEMAND FOR WOOL Received Feb. 19, 5.5 p.m. LONDON, Feb. 17. Th£ reactions of the Stock Exchange late last week were continued and prices yielded in most sections, though the turnover was small. There is uncertainty over the credit position and the near approach of the Budget is blamed for the halting rally but a less favourable view is also taken of the political prospects. Brighter conditions prevailed in the later dealings following Sir John Simon’s speech. Gilt-edged stocks fell back in an orderly manner with the selling absorbed at lower levels. Colonial stocks were fairly firm while European bonds continue to reflect the more hopeful outlook. No uniform trend is observable in the commodity markets where the turnover is restricted. Base metals suffered from the unfavourable statistical returns. Wool met with a firm demand.
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https://paperspast.natlib.govt.nz/newspapers/WC19390221.2.123.1
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Wanganui Chronicle, Volume 83, Issue 43, 21 February 1939, Page 11
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146CREDIT UNCERTAIN Wanganui Chronicle, Volume 83, Issue 43, 21 February 1939, Page 11
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