MARKET REACTIONS.
- VIENNA PANIC; LONDON CALM. I (Received 10 a.m.) LONDON", Marcli 9. ' Tlio German developments caused a flurry on the foreign exchange markets, and tlio export of capital from the Continent strengthened sterling and dollars. ' The Paris Bourse was weak, but Berlin was strong and most securities, went up several points. Most serious repercussions were felt in Vienna, where there was a great slump on the. street market, v and it was almost, impossible for sellers cl to got rid of shares. a- The London Stock Exchange took the II international crisis calmly. Gilt-edged 0 and other stocks were marked down, but rt ! there was no panic among sellers. 11 1 The "Daily, Mail'" City editor says the c , City is not pessimistic, but Parisian s | selling of francs unsettled the exchange 3 j market, necessitating the intervention I of the authorities in Paris, London and ,t New York to prevent a threatened d break in rates. Paris was calmer before v the close. Some quarters think the ,t eventual outcome of Germany's action ie' will be the removal of the causes of d'friction. While hesitancy may be exd pected on Monday, no marked change is in the markets is anticipated and there • is no occasion for investors to sell.
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Auckland Star, Volume LXVII, Issue 59, 10 March 1936, Page 7
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211MARKET REACTIONS. Auckland Star, Volume LXVII, Issue 59, 10 March 1936, Page 7
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