DOWNWARD TENDENCY IN SYDNEY
SYDNEY, September 11. The heavy slump on New York Stock Exchange was unlikely to be permanent and was possibly brought about by tljp unsettled! international situation said Professor T. Hytten. economist of the Bank of New South Wales. ” T know of nothing that
should cause the market to break into a sudden slump,” he said. “ There is a good market for some of . the commodities the companies are trading in, particularly steel and motor cars It could be that the shares in these companies have risen so high that they now have to drop back to their prewar level.” . . ■ The heavy drop in New York appeared to have little influence on the Sydney . Stock to-day, although there was a definite downward trend.
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Evening Star, Issue 25895, 12 September 1946, Page 8
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126DOWNWARD TENDENCY IN SYDNEY Evening Star, Issue 25895, 12 September 1946, Page 8
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