STOCKS IN LONDON
DEPRESSING INFLUENCES WOOL A NOTABLE EXCEPTION BUTTER AT A STANDSTILL (United Press Assn.—Elec. Tel. Copyright) (Received May 21, 3.15 p.m.) LONDON, May 20 A variety of depressing influences have discouraged the expansion of business on the Stock Exchange. Industrials are irregular. Last week’s rise in commodities lacked staying power. Tin and copper are weak as American buying still falls to materialise and lead and spelter production remains in excess of demand. The outlook for commodities in general remains not hopeful. Wool remains a notable exception. The firmness attending the opening sale in London was maintained throughout. Fruit prices continue good as the home crops have suffered further damage. 'Butter has come to a standstill after the hectic rise in the past month, and holders have lowered prices to attract buyers but quotations are nominal, being several shillings below last week’s figures.
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Waikato Times, Volume 122, Issue 20504, 21 May 1938, Page 8
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144STOCKS IN LONDON Waikato Times, Volume 122, Issue 20504, 21 May 1938, Page 8
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