NO BUSINESS
STOCKS IN LONDON
INVESTORS'IDLE
MISTRUST IN FRANCE
[By Telegraph—Press Assn.—Copyright.) LONDON, September 24. Stock; Exchange business is absolutely at a standstill. Investors are idle because the formulation of a definite policy in the face of present uncertainties is impossible. The banks are retaining larger cash balances, but a few private persons appear to have followed their example by hoarding cash against a rainy day, as the note issue has slightly expanded at a time when it should normally contract.
French hoarders, appear to be putting their faith in dollars and to some extent in Swiss francs. The demand for both currencies has been so large during the week that control must have been lost of a considerable portion of the gold holding. The mistrust in France, however, appears to be not so much due to war fears as to new difficulties in French finances and the slowing down of business activity, ,,
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Bibliographic details
Evening Post, Volume CXXVI, Issue 75, 26 September 1938, Page 12
Word Count
153NO BUSINESS Evening Post, Volume CXXVI, Issue 75, 26 September 1938, Page 12
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