MARKETS DEPRESSED
PRICE PROFITS CONTROL INVESTORS CAUTIOUS (10 a.m.) LONDON, Feb. 23. Stock Exchange circles consider that markets, barring untoward incidents, ought to run a more even course between now and the April Budget, says Reuter’s financial correspondent. “It is realised that moneys have now become available for investment from the pay-out of the conversion of 3 per cents, and a return of capital which was tied up in Argentine rails Nevertheless, it is believed that market dealings will be tempered with caution until _ the Federation of British Industries’ proposals against anti-inflation are made known.
The bomb outrage in Palestine had the all-round effect of depressing the markets, but an even more deciding factor has been the unmistakeable evidence that the Government is determined to reduce profits and prices.
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Bibliographic details
Gisborne Herald, Volume LXXV, Issue 22572, 27 February 1948, Page 5
Word Count
129MARKETS DEPRESSED Gisborne Herald, Volume LXXV, Issue 22572, 27 February 1948, Page 5
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