CONFIDENT TONE.
LONDON SHARE MARKET. LONDON, June 22. Confident conditions prevail on the Stock Exchange. The outstanding feature has been the strength of industrial issues under the stimulus of a number of favourable factors, including good trading reports and the Chancellor of the Exchequer’s announcement of the £135,000,000 scheme lor improving the London traffic service.
The gilt-edged market ivas adversely affected by the resumption of municipal borrowing, but the successful result of issues by Manchester, Cardiff and Birkenhead, of 13 per cent, stock at 99, all of which were heavily over-subscribed, showed that there was much money awaiting investment and British funds rallied well. New Zealand’s conversion of £lO,000,000 of 5 per cent, stock is expected next week, but the terms are not yet divulged.
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Manawatu Standard, Volume LV, Issue 175, 24 June 1935, Page 7
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125CONFIDENT TONE. Manawatu Standard, Volume LV, Issue 175, 24 June 1935, Page 7
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