MARKETS IN BRITAIN.

Ashburton Guardian, Volume 56, Issue 155, 14 April 1936, Page 5

MARKETS IN BRITAIN.

BUTTER QUIET AND IRREGULAR. United Press Association—Copyright) LONDON, April 11. The stock markets finished for the holidays quietly confident. Speculative interest was naturally restricted, but last week’s indications that the markets were shedding political anxiety are confirmed. Investors seem tired of the international crises about which the City argues so endlessly, and have ceased to allow them to upset their belief in the continuance of domestic revival. Whether the latest news from Geneva will lead to selling after the holidays remains to be seen. The most interesting feature of recent weeks has been the rapidity with which investors are snapping up new issues from the underwriters. In contrast to a short time ago, when the market was overloaded, they have now little to fear. Yields from most industrials at present are so small that investors are keen to find more attractive propositions, and gilt-edged have remained consistently firm. The French franc remains an urgent problem. The increased bank rate proved a failure and selling pressure continues. The French Treasury is seeking to negotiate a loan in Amsterdam.

Owing to the Easter holidays, commodities are featureless, and butter is quiet aud irregular following a rise early in the week. Interest in wheat similarly is spasmodic. There has been a falling market for fruit, partly owing to Easter and partly to competition of heavy arrivals from the Argentine, South Africa, and especially America, whose apples and pears are excellent.