BRITISH MARKETS UNEASY
DISCOUNT ON N.Z. LOAN (Rec. 9.35 a.m.) LONDON, Oct., 18. - A -small discount of about- 5s in £IOO on the New Zealand loan when .dealings in it started on ; the London Stock Exchange to-day illustrates the. uneasiness bf British gilt-ddged and‘industrial markets,-says Reuter’s financial correspondent. ... v ' The loan was believed 1 to have been over-subscribed in cash when, the lists opened on October 7. With the subsequent slump in the gilt-edged-mar-ket, there were fewer subscriptions when the lists closed on October 17. * This uneasiness in British securities is expected to continue at least until the Prime Minister announces “the consequential measures” following devaluation. Even if these measures prove to be more constructive than is expected by the Stock Exchange, they might include “dearer” money or other measures which, though making the market healthier, would depress prices.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19491019.2.58
Bibliographic details
Ashburton Guardian, Volume 70, Issue 7, 19 October 1949, Page 5
Word Count
139BRITISH MARKETS UNEASY Ashburton Guardian, Volume 70, Issue 7, 19 October 1949, Page 5
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in