CONFIDENT TONE.

Auckland Star, Volume LXIX, Issue 4, 6 January 1938, Page 4

CONFIDENT TONE.

LONDON STOCK EXCHANGE. :| GOLD SHARES IMPROVE. COMMODITY MARKETS FIRMER. (Received 3.30 a.m.) LONDON, January 5. A generally confident tone is becoming noticeable on the London market?, especially in gold mining sliarns, which arc regarded as likely to have a mOst interesting y ear. Commodity markets are also tirmer. Yesterday the markets were very quiet, showing nn reaction to President Roosevelt's speech, in which he promised a new reconstruction j>mtrrammfi for United States business. His statements were regarded a,s being toy vague. After a faltering start for the New Year the London markets, both tor stocks and commodities, seem to have gathered confidence. Following the wild fluctuations and general decline in values over the past six months, it appeared towards the end of the old year that, a recovery had begun, and the outlook for 193S looked very promising. Business appeared to bp looking up in the United States, which led the way in the August and later market setbacks. Towards the close, however, dullness set in again, an,! though there was a recovery on Xew Year's Eve. the markets on Tuesday without much life. Wednesday, however, brought a marked improvement. I LATEST QUOTATIONS. (Reepived 11 a.m.) LONDON'. January 5. New Zealand Loan and Mercantile, £42 10'; pret'.. £87 15/. Cluth* River, buyers 1/101. sellers 2/1%; Molyneux, buyers i/7%. sellers 1/10%.