TRYING WEEK.

Auckland Star, Volume LXVII, Issue 296, 14 December 1936, Page 7

TRYING WEEK.

STOCK EXCHANGE

General Relief at Settlement Of British Crisis. BUSINESS REACTIONS. United Press Association. —Copyright. (Received 11.30 a.m.) LOXDOX, December 13. The Stock Exchange ended firmly after one of the most difficult weeks ever experienced. The general relief at the settlement of the crisis led to the marking up of prices, but actual business at no time was extensive. Investors all the week remained calm, keeping commitments to a restricted scale. It was not out of disrespect for the King that recovery followed the news of his abdication, but the inevitable relief that a period of suspense had ended. Most City authorities deeply deplore the bitter decision which ex-King•> Edward faced, and they see him go with the sincerest regret. It will take some time to determine the precise effects of the week's events 011 business. Pessimists say the retail trade is affected, though one could never guess it from the congestion in Oxford .Street and the week's bank return. Industry is probably even less affected. The crisis was over too quickly to have much influence. \ The international situation should now begin to reassert its influence Future movement of prices will largely depend on whether Britain and Franco will be able to continue to restrict the conflict in Spain.