BETTER TONE
LONDON STOCK EXCHANGE
BUSINESS QUIET
POSSIBLE DANGERS
United rress Association—By ElecWo Tclt»
craph—Copyright. (Received May 4, 9.10 a.m.)
LONDON, May 3.
As was expected, all department* of the Stock Exchange displayed a more cheerful tone, and gilt-edged securities opened firmly. Industrials had the leadership, transatlantics were stronger, and oil, Kaffir, and rubber stocks all did better. Business, however, was quiet and is unlikely to develop until after Whitsun owing to the Coronation and other distractions.
Possible sources of danger are aa extension of industrial unrest in England and a major upheaval in France, where the extremist pressure on the Prime Minister, M. Blum, is becoming formidable. M. Blum, however, i 3 standing firm against demands for a huge public works scheme, which could only be financed by exchange control and an economic dictatorship similar to Germany's.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 11
Word Count
138BETTER TONE Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 11
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