STOCK MARKETS.

Waikato Times, Volume 121, Issue 20267, 9 August 1937, Page 9

STOCK MARKETS.

A RISE IN LONDON. BASE METALS IN DEMAND. MAY BE ANOTHER BOOM. United Press Assn.—Elec. Tel. Copyright. (Received August 9, 11.0 a.m.) LONDON, August 8. The stock markets, contrary to expectations, are rising, with the temperature steadily increasing. The number of investors seeking to join In what appears to be the beginning of nn autumn bull movement in Kaffirs lias risen substantially In the past fortnight, some as much as 50 per cent. Tlie rubber market is active. The leading issues rose substantially. Oils also arc belter. An excellent tone prevails in heavy I industrials, notably Vickers. Commodities also participated in the revival, especially base metals. Tin is most active. 'l’iie Investors’ Chronicle emphasises 11 ic* fact that despite the expanding output nil 'huso metals stocks arc not Increasing. The situation contains the germ of another boom, but if the consumers continue to purchase hand to I mouth tills may be averted, ns there is no danger of an actual metal shortSALES AT AUCKLAND. (Bv Telegraph.—Press Association.) AUCKLAND. Monday. The following sales were recorded on the Stock Exchange to-day:— South British Insurance, £5. * Union Rank 2C £lO 2s (id. Farmers’ Auctioneering £2 paid), Dominion Breweries, 41s 3d. Kleetrolvlie Zinc, (ils. Taranaki Oil (2), 4s Bd. Broken Hill Proprietary, 84s 3d. The Noon Call. Dominion Breweries, ils 3d; rights (3) 12s. Colonial Sugar. £’.B. Morts Dock. 13s Id. Taranaki Oil, is Bd. Wilsons Cement,, 20s Id. Unlisted. Sclfridges (Aust.), 35s 3iL