FINANCE AND TRADE

Evening Star, Issue 20613, 13 October 1930, Page 9

FINANCE AND TRADE

: THE HOME MARKETS • $ _ STOCK EXCHANGE DEPRESSED SLtJMP IN' LEADING SHARES. Press Association—By Telegraph—Copyright. __ f ■ LONDON, October 11.. With the single exception of British ( funds, which touched new high levels on the continued cheapness of money, practically all the leading stocks, industrial and otherwise, suffered heavily last week from 3 multiplicity of causes. The news from Brazil resulted in a semi-panic selling of Brazilian securities-, Which has not yet abated. German bonds fluctuated widely on the continued uncertainty of Herr Hitler’s real attitude regarding the repudiation of the reparation payments and the lack of definite evidence as to the extent to which he is supported by German public opinion The depfeasing tendencies wer* increased by the news of the renewed Wall street slump. Brokerage failures resulted in largo blocks of internationals, 1 such as Nickels, HydroelCctrics, and Tractions, being suddenly thrown on the market. Nevertheless, expert opinions are that the liquidation has already exceeded reasonable limits and that it will be followed by a corresponding reaction shortly in at least the soundest securities. TIN AND COPPER. Tin, on the contrary, continues its downward progression with disastrous results to Weak investors, who have recenily been buying in on the general belief that the metal had touched bottom. Copper ifl fairly steady. There is reason to believe that certain large and influential interests are buying in quietly and steadily in view of a profitable turndver in the not far distant future. IMPERIAL CONFERENCE SPEECHES. ■ It is too early yet to assess the City’s reaction after the opening speeches at the Imperial Conference, although Mr Thomas’s attitude is definitely regarded as unsatisfactory. Despite Mr Bennett’s proposals, the City doubts whether anything is likely to be achieved by a conference at which the individual members’ fiscal attitudes are so divergent-.- It is believed that the result may be a general election, which would be welcomed in financial and industrial circles as ending a disastrous uncertainty.