A HOPEFUL VIEW.
i LONDON STOCK EXCHANGE
LONDON; 21st March. A quiet ,but more confident. tone is apparent on the Stock'1 Exchange^ Although business generally is somewh'a.t restricted owing- to uncertainty,as to what the Budget will bring forth, high-class investment stocks are well quoted. Some Australian securities weakened slightly in] the last two days, but, .considering that many of these stocks have recovered 12 to: 19 points from the low level of a month ago, it is only natural that there should be some profit-taking. This has been responsible for the slight setbacks Which have occurred. The position of Australian stocks certainly.is much, sounder than at any time since the bogey ,pf repudiation was raised, and timid holders no longer • are. throwing their stock on.the market. That the, Stock Exchange takes a more hopeful view of the outlook may be gathered from the fact that- the number of new candidates for membership is well up to the average. Six weeks ago, nominations for membership were offered at £220. To-day's price is about £400.
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Evening Post, Volume CXI, Issue 69, 23 March 1931, Page 12
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173A HOPEFUL VIEW. Evening Post, Volume CXI, Issue 69, 23 March 1931, Page 12
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