WOBBLY MARKETS.
UNSATISFACTORY WEEK. BAFFLING FLUCTUATIONS. COMMODITIES AND SHARES. (Received 12.15 p.m.) LONDON, November 14. While investors have little cause for satisfaction in the movements of the past week they have rather more reason for hope. For technical reasons, if nothing else, some modest recovery should be imminent. News from America encourages the hope that Mr. Roosevelt is at last making a determined effort to restore prosperity. Pending a definite lead from America. London is tending to mark time. Australian and other Dominion stocks share strength of gilt edged. Foreign bondholders received a nasty shock from Brazil's default, which aroused very fierce indignation.
Industrials had rather an unsatisfactory week. An increase of 50.000 in unemployment figures has been hardly encouraging. The fluctuations in commodities has been extremely marked and nerve-racking. The market seemed completely demoralised on Monday, with tin at £175 and rubber below 7d. On Thursday the markets were as optimistic as tbey had been depressed. Then again they turned erratic. No doubt the commodity and share markets washed out the favourable news from the United States. Lead made a sharp recovery.
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Auckland Star, Volume LXVIII, Issue 271, 15 November 1937, Page 4
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183WOBBLY MARKETS. Auckland Star, Volume LXVIII, Issue 271, 15 November 1937, Page 4
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