"REAL FIREWORKS” ON STOCK EXCHANGE.
LONDON MARKETS EXCITED i ßy Telegraph-Press Assn.-Copyright) LONDON, July 12. Real "fireworks” have occurred in the commodities markets, especially for wheat and cotton. Notwithstanding the fact that the United States is requiring to import 25,000,000 bushels of wheat, well-informed authorities consider that there is no foundation for any of t talk of a world shortage in wheat.
Cotton has imitated wheat, rising to new high levels at Liverpool, in which market, amid great excitement, August futures were quoted at over 7d per !b. for the first time in seven years. A further improvement in price is considered possible. On the Stock Exchange the most active markets have been in industrial shares, especially in armaments' companies and heavy industries. Steel production for the first six months of 1936 reached a new high level.
Speculators are inclined to neglect mining shares, which are drearily stagnant, and the markets are marking time. Gilt-edged securities have become sullenly inactive. Business is not extensive, but dealing in margins has narrowed.
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Bibliographic details
Horowhenua Chronicle, 14 July 1936, Page 7
Word Count
170"REAL FIREWORKS” ON STOCK EXCHANGE. Horowhenua Chronicle, 14 July 1936, Page 7
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