LONDON SITUATION
WEAKNESS OF STERLING
(Britisti Official Wireless.)
(Received September 1, 10.30 a.m.)
RUGBY, August 31,
The undertone of the Stock Exchange waa firm, biil there ■ was little public business. . ■ The weakness p£ sterling in terms,ot the principal gold currencies. did nothing to lessen the firmness of' the stock markets in other' departments. ' • '• ■ Continued;investment support again led to ' general s improvement in gilt-edged securities, although ■ price changes were small, i British- 3Vi .per cent. War Loan was' again the most- prominent stock, and the price, further . advanced one-eighth to
£IQ4 183"9 d."'!•"■. ■■". ' ;'. . . '.-'■■ '. German bonds ,developed weakness, ■following Dr.' Sehaeht's speech, insisting on a bomplete moratorium tor'several years ' and. reduotion of indebtedness, and the 7 per ceut. ; .Dawes Loan fell-4.points to and the 5% per cent. Young Loan foil-2%. to £36.. .:...:■■ Home rails were fractionally better, and in foreign rails ■ the market undertone was firm.,. Industrials were quiet.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 54, 1 September 1934, Page 12
Word Count
147LONDON SITUATION Evening Post, Volume CXVIII, Issue 54, 1 September 1934, Page 12
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