LONDON STOCK EXCHANGE
Effect Of Czech Crisis By Telegraph.—Press Assn.—Copyright. LONDON. March IS. Herr Hitler’s coup gave the investment markets a rude shock, turning a period of optimism into one something like approaching apprehension. The prices of almost all commodities reacted unfavourably to the Czech crisis, the only exceptions being wheat and wool. Profit taking caused all prices to sag. Gilt-edged securities lost almost all their previous gains. Industrial shares generally fell back in price, the international position more than counterbalancing the numerous favourable domestic factors. Sterling exchange at first showed considerable resistance to the crisis, but weakened later on, and the exchange control had to take action to prevent the dollar falling below 4.65 L The discount on the French franc widened on fears of M. Daladier’s possible fall.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19390321.2.154
Bibliographic details
Dominion, Volume 32, Issue 150, 21 March 1939, Page 12
Word Count
130LONDON STOCK EXCHANGE Dominion, Volume 32, Issue 150, 21 March 1939, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in