TRADE AND FINANCE
PRODUCE & MARKET REPORTS FROM DAY TO DAY
INVESTMENT MARKET
STRONG UNDERTONE
FIRMNESS MAINTAINED
(Received Sth February, 9 a.m.)
LONDON, 6th February. Although Mr. Chamberlain's tariff speech met with almost general approval ia the City, it failed to arouse any great enthusiasm on the Stock Exchange, for his proposals have been largely discounted beforehand. Indeed, yesterday was a very dull day in all markets, trading being on a restricted scale.
Previously, the Far. Eastern crisis had caused some uneasiness and the New South Wales Government's default had a disturbing effect on the gilt-edged market, but despite these bad influences the Stock Exchange generally maintains the firmness which has been apparent since the beginning of the year.
As "The Economist" remarks, "This persistence of a strong undertone, in the face of a variety of adverse external developments, has been more a. significant feature than the actual net rise in prices which has not been considerable. It may be inferred that the technical position of the market is strong, but that the stimulus necessary to bring about a definite revival is lacking."
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https://paperspast.natlib.govt.nz/newspapers/EP19320208.2.118
Bibliographic details
Evening Post, Volume CXIII, Issue 32, 8 February 1932, Page 12
Word Count
182TRADE AND FINANCE Evening Post, Volume CXIII, Issue 32, 8 February 1932, Page 12
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