TURN OF THE TIDE.
AUSTRALIAN FINANCES. DISENTANGLING PROCESS. LONDON, Aug. 12. A feature of the market in investment securities is the recovery of Australian Government stocks, which is attributed to the good harvest in Australia and the effect of tho drought in the United States. Rises of a quarter to one and a lralf are recorded. The Financial Times says: “The general advance of Australian stocks is duo to a growing impression that the financial problems are being disentangled. We havo all along contended that Sir Otto Niemeyer would not proceed on such a mission unless tho Bank of England and ho felt reasonably confident that the difficulties were superable and could be overcome by a combination of experience and economy.”
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Manawatu Standard, Volume L, Issue 220, 13 August 1930, Page 7
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121TURN OF THE TIDE. Manawatu Standard, Volume L, Issue 220, 13 August 1930, Page 7
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