AMERICAN STOCKS
"PRIME" BONDS HIGH
"There is a tremendous market for bonds in the States," said Mr. G. S. Schwartz, a prominent stock and share broker of San Francisco, who is on his way to Sydney by the- Mariposa, en route to the East (reports the "Auckland Star"). •.'....
"Prime bonds, or what you people call gilt-edged sucurities, are at a premium and are returning onlyfrdm 3 to 4 per cent, on their cost. Investors are willing to accept practically no interest in order to have their money at short call. The market for stocks has been dull for the past four months or so, due to the uncertainty of labour conditions and the effect that the .new Stock Exchange Control Bill would have. However, I think that stocks are at present properly priced." Mr. Schwartz said that the new Bill controlling Stock Exchange activities was aimed at controlling credit and restricting "buying on margin." If it worked as business men hoped it would, it would prevent booms and panics. A. Commission had been set up by the Federal Government to inquire into matters that the Bill was to deal with.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 13, 16 July 1934, Page 10
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190AMERICAN STOCKS Evening Post, Volume CXVIII, Issue 13, 16 July 1934, Page 10
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