Cheerier Tone On Stock Market
DANGERS STILL EXIST. LONDON, May 3. As expected, all departments of the j Stock Exchange displayed a more cheerfful tone. Gilt-edged stock opened (firmly. Industrials were in the leadership, with transatlantics stronger. Oils, kaffirs and rubber shares are all better. Business, however, is quiet and is unlikely to develop after Whitsun owing to the Coronation and other distractions. Possible sources of danger are the extension of the industrial unrest in England and a major unheaval in France, where extremist pressure on M Blum is becoming formidable. M. Blum, however, is standing firm against th< demands for a 10,000,000,000-franc Pub lie Works scheme, which could only b« financed by exchange control and economic dictatorship similar to Germany ’s.
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Manawatu Times, Volume 62, Issue 105, 5 May 1937, Page 5
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122Cheerier Tone On Stock Market Manawatu Times, Volume 62, Issue 105, 5 May 1937, Page 5
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