STOCK MARKETS
SPECTACULAR RECOVERY. LONDON VARIATIONS. DIFFICULT TO FORECAST. (United Press Association-—By Electric Telegraph.—Copyright.) Received November 29, 11.20 a.m. LONDON, Nov. 28. After crashing to the lowest levels of the year the stocK markets nn.ve staged a spectacular recovery' and finished the week firmly. It is becoming increasingly difficult to forecast the changes of sentiment on the Stock Exchange. The Economist considers that there is no new reason to account for Monday’s collapse. Similarly it is difficult to rationalise the subsequent recovery. It was probably partly due to dear covering and partly to the feeling ~tnat sound stocks had been allowed to slip too far. All the financial authorities stress the importance of better business activity in the United States as a prerequisite of the .revival. They point out that commodity' prices largely depend on the United States.
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Manawatu Standard, Volume LVIII, Issue 1, 29 November 1937, Page 7
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138STOCK MARKETS Manawatu Standard, Volume LVIII, Issue 1, 29 November 1937, Page 7
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