RISE IN PRICES
ON STOCK EXCHANGE
STERLING GAINS IN STRENGTH
(By Telegraph—Press Assn,—Copyright.) i LONDON, September 30.. A rise in prices has taken place on the London Stock Exchange out of proportion to the amount of business passing. It is still difficult to obtain reliable quotations even for gilt-edged, quotations for which are wide apart. Sterling is also stronger and dollars were at one time offered from all sides and absorbed the exchange fund. An interesting feature in the Bank of England return is the rise of over £20,000,000 in the note circulation, reflecting partly minor hoarding, but chiefly the preparations made by the banks themselves in order to meet j emergencies.
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Bibliographic details
Evening Post, Volume CXXVI, Issue 80, 1 October 1938, Page 12
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112RISE IN PRICES Evening Post, Volume CXXVI, Issue 80, 1 October 1938, Page 12
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