TURNING THE CORNER.

Auckland Star, Volume LXI, Issue 130, 4 June 1930, Page 4

TURNING THE CORNER.

SYDNEY STOCK EXCHANGE.

MUCH BETTER OUTLOOK.

The trend of investment prices on.the Sydney Stock Exchange of late, remarks the "Sydney Morning Herald," has been more encouraging than for months past. After an almost unbroken series of reverses this year it looks as if most classes of shares are beginning to take a turn for the better.

Three external influences have combined to bring about most of the improvement in the investment market—a sensitive barometer of the country's prosperity, bountiful rains, sustained improvement in wool prices, and a more hopeful view of the industrial situation.

Owners of industrial shares who have sden the market values of their holdings whittled down in recent months to levels undreamt of during last year's period of high 'prices are hopeful that the market has "touched bottom." At all events buyers have operated with more confidence of late than for a long time past. Furthermore, they have been advancing their limits steadily though cautiously for sound stocks, many of which are quoted at the advance.