RAGGED MARKETS.
CONDITIONS IN BRITAIN. BUSIXESS OX UP GRADE. LONDON, April 15. Mr. Chamberlain's speech has not restored any immediate confidence in the markets, which closed raggedly. Giltedged securities have been further marked down, foreign bonds are weak and home industrials generally lower. Business under the double stimulus of easy credit and rearmament, is still on the up grade. Steel production for March is within a fraction of the all-time record of the autumn of 1937. The iron output is moving swiftly ahead, while the weekly rail traffics show substantial gains, compared with those of last year. Naval activity has prevented any substantial fall in ship building employment. As a result of international uncertainties, Dutch business men are seeking to transfer their affairs to England. The rush is so great that the air service has been doubled. The Amsterdam Bourse is very weak. Leading securities were down 5 to 10 per cent.
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Auckland Star, Volume LXX, Issue 89, 17 April 1939, Page 4
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152RAGGED MARKETS. Auckland Star, Volume LXX, Issue 89, 17 April 1939, Page 4
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