MARKET RECOVERY.

Auckland Star, Volume LXVIII, Issue 280, 25 November 1937, Page 4

MARKET RECOVERY.

IMPROVEMENT IN LONDON. i SHARES AND COMMODITIES. I GOOD VOLUME OF BUSINESS. i (Received 10.30 a.m.) LONDON, November 24. The recovery of the stock markets continued to-day with a good volume of busineea. Special attention i« paid to the improvement in commodities. On Monday, after last week's dep-reeeion of the ffliare market in London, w<?nt from bad to worae. Even Eilt-edtfed seciwitios were affected. Next day. after a gloomy opening, sentiment suddenly turner! in the afternoon and β-hnrp rieee in riwre values wii>ed out overnight dwlines. So far the raiovwy has continued, receiving *<irw;>ort from a stron«i'r tone in metals and other commoditii>H, and ,-\ return of confidence on the Paris Bom-Re. SPECULATION DANGER. XEW YORK RESTRICTIONS. WASHINGTON, November 23. The Stock Exchange I'omrnwuion in a long report, ostensibly amswering Mr. I (jay. chairman of t<h*> New \'ork Stock i lOxchange. ajniouncce the collapso of the iK-gotiiitinne vomltifted with the cxuhailrfe in an elToat to secure voluntary regulations. The commission alleges that members <>f the Kxchang-, trading on their own a< count, made very heavy phoi-t sahw I during the September break in the market, tiirthfi- deprwsini; prices. 'Die report r-ayti speculative groups hav? utterly rlie public intercut and inciH-axil public dietrrss to the ]>oint of demoralisation. It a<lds that the meinbei»hip of the Exchange in ton liirjjo, and it demands the voluntary revision of the administrative and functional technique of the country's exchange*, otherwise this etep will bo enforced by the coirmufwion.