GILT EDGE SECURITIES

Feilding Star, Volume 8, Issue 2667, 25 August 1930, Page 5

GILT EDGE SECURITIES

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FOR ENGLISH INVESTORS NEW ZEALAND ON THF.I LIST By Telegraph—l*ross Assn—Copyright (Aust. and N.Z. Cable) (Received August 25, 0.50 a .in.) London, August 23. On tho Stock Exhange during the past week a firmness of gilt edge shares, has not been surprising, it is a corollary ofg bad trade and cheap money, fostered by a holiday resl in the new issue market and a shortage of floating stock. This is practically the peak of the holiday season.

Tho Financial News, in advice L> investors who regard t. ’c press'll t as an apportunc moment- to weigh up chances of the earliest improvement in trade, points out that the recovery will jjrsb come from countries providing ( p]imary materials. It will ho speediest in countries not embarrassed by political unrest or involved in national depression. In "a, list of countries which it suggests as likely ultimately to offer a, field for profitable investment th-ei writer recommends them, in the following order: Argentine, Calnadia-, South Africa, Chile, New Zealand, Brazil, France, Sweden, United States, Denmark, Italy and Germany. He significantly excludes Australia entirely.