GENERAL OPTIMISM
TRADE AND COMMERCE
EXCITEMENT ON 'CHANGE
(British Official Wireless.) (Received 2nd July, noon.)
RUGBY, Ist July. The optimism engendered by the Govlernment's announcement was evident in commercial and industrial pirclcs throughout the country to-day. Immediate beneficial results to trade- aTe anticipated from the distribution of the upecial bonus of one per cent.' to all who convert this montn, and tho net saving of £23,000,000 effected by the interest reduction gives added hopes of lower taxation.
On the Stock Exchange thero was remarkable activity as a sequel to the conversion announcement. Almost unprecedented advances, in Government stocks were recorded, the most notable being the rise of 4 per cent. Consols, which, after reaching 109, closed at 107, which is 5J points over yesterday's closing price.
Other British gilt-edged securities made corresponding advances, and in other sections a sharp rise occurred in industrial debentures, preference stocks and ordinary shares, many of which were more activo than for several months past.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19320702.2.77.6
Bibliographic details
Evening Post, Issue 2, 2 July 1932, Page 11
Word Count
160GENERAL OPTIMISM Evening Post, Issue 2, 2 July 1932, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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