MORE HOPEFUL.
LONDON STOCK EXCHANGE. POSSIBLE AMERICAN RECOVERY. • KALLY IX COMMODITIES. (Received 10.30 a.m.) LONDON, June 12. a more hopeful feeling on the Stock Exchange now than at the beginning of the month, associated with the possible American revival and further devaluaioiv of the dollar. The international situation is still worrying, however. I The technical rally in commodities has been .helped .by American buying in rubber, which has regained the sixpenny I level, and' also tin. The general feeling; jis that the commodity recovery will con- | tinuc, at least for the time being. . j The International Tin Committee meets | on June 20. to consider the final details of ] the buffer pool, which is expected to operate from July 1. . Bradford representatives discussed with Australian producers' representatives the possibility of sending yiore wool to London. It was emphasised that London must not be regarded as merely a convenient outlet for unwanted Dominion I surpluses, but should be allotted a guaranteed quantity on which European buyers could rely.
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Bibliographic details
Auckland Star, Volume LXIX, Issue 137, 13 June 1938, Page 4
Word Count
166MORE HOPEFUL. Auckland Star, Volume LXIX, Issue 137, 13 June 1938, Page 4
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