INVESTORS HOPEFUL
EASING OF SITUATION. MORE CONFIDENT TONE. RECOVERY NOTED. (United Press Association.—By Electric Telegraph.—Copyright.) Received September 1, 9.55 a.m. LONDON, Aufr. 31. The fact that there are few pressing- shares for sale indicates that city businessmen and investors in Britain are hopeful that the international situation will clear up without a conflict. The chief sufferers from the Czech crisis have been the brokers, whose turnover, wbicli has long- been small, has become almost negligible.
British funds are steady. A more confident tone lias also been noted on most of the European Bourses, including Berlin, where there has been a slight recovery. The Paris Bourse is firm with Government stocks closing at the best levels.
The absence of efforts by the authorities to peg the exchange caused sterling to depreciate further in terms of the dollar. The Australian Associated Press learns that the decline below the traditional parity was the signal for heavy speculative sales of exchange funds. Gold losses must have been considerable in the past 24 hours.
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Manawatu Standard, Volume LVIII, Issue 234, 1 September 1938, Page 11
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169INVESTORS HOPEFUL Manawatu Standard, Volume LVIII, Issue 234, 1 September 1938, Page 11
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