AN UNEASY WEEK
LONDON EXCHANGE
SOME PANIC SELLING
(By. Telegraph.- -l'resa Assn.—Copyright.) LONDON, February 2. The Stock Exchange passed through a most uneasy week; in a manner which affords a splendid illustration' of the underlying soundness of the markets.
The principal cause of anxiety was a disturbance in the Baltic Exchange and in commodity markets, the first resulting from the failure of the Strauss Company, with liabilities amounting to nearly £1,900,000. News of this disaster naturally had a depressing effect, but it was soon ascertained that the losses' had fallen principally on big banks and companies which were able to bear them.
_ Following this came news of difficulties in the markets of two such widely diverse commodities as shellac and pepper. Meetings of bankers and others interested in these affairs are being held. It is generally expected; that matters will be arranged without untoward results.
The last disturbing element was a slump in the Yellowdine group of mines in Western Australia, following a disappointing cable which damped the ardour of speculative operators in more than one market, but after two days of excitement, with considerable panic selling, the market grew calmer, and yesterday there was general steadiness in Western Australians.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19350204.2.143.6
Bibliographic details
Evening Post, Issue 29, 4 February 1935, Page 12
Word Count
200AN UNEASY WEEK Evening Post, Issue 29, 4 February 1935, Page 12
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