SHARE MARKETS

Manawatu Standard, Volume LVI, Issue 263, 5 October 1936, Page 7

SHARE MARKETS

HEALTHY TONE

ISSUES RECOVER QUICKLY,

EVIDENCE OF PROSPERITY

(United Press Association—By Electric Telegraph—Copyright.) Received October 5, 11.50 a.m. LONDON, Oct. 4: Tho stock markets’ account ended cheerfully after what might have been a disturbed week following the revaluation of the franc. The success of Friday’s working international monetary arrangement, assisted by the absence of repercussions in Paris, where the Bourse is reopening after a week, stimulated the London security markets. Gilt-edged securities, which were affected by undue bearishness earlier in the \weir, completely recovered. Dominion stocks are firm.

Iron and steel issues appreciated on Sir Samuel Hoare’s hint of acceleration of rearmament, and industrial shares reflected the market’s view that devaluation did not threaten British industry. The continuance of the British trade recovery is instanced in the tact that over £1,000,000,000 more is circulating in trade and industry than at the corresponding time last year. According to the hankers’ clearing house, cheques and hills dealt with last week were £162,291,000, making a total increase in the first three quarters of the year of approximately £1,130,000,000.