REACTION ON STOCK MARKETS
SERIOUS REPERCUSSIONS IN VIENNA (Received. 10 a.m.) _ ' ‘ LONDON,, March 8. The German development caused a flurry on the foreign exchange markets, and the export of capital from the Continent - strengthened sterling and dollars. The' Paris /Bourse was weak, but Berlin was strong, and rtiost securities went up''several points,..
The most serious, . repercussions were felt in Vienna, where-there; was a great slump on the street: markets, , and it was almost impossible fbr/sellers to get rid of shares., The_“ltoily Mail’s” city editor ; ; says-'the, city is not pessimistic, but Parisian selling of , v francs unsettled the exchange- market, necessitating the interventlbri .of the authorities , in Paris, London and New York to prevent a threatened.; break in rates. Paris was calmer before the close, '* " ' • ,
Some quarters think; the eventual; outcome of Germany 3 action: Vitt the removal of the causes of friction.
While hesitancy may be expected on Monday, no marked change in the market is anticipated, arid therie.. is no occasion for investors to s'ell. ; r ; The -London-Stock Ibcchangetook the international crisis calmly. /Guiltedged and other stocks wefe- marked down, but there was no panic among sellers. - ■- •" ■■'""Hl.-
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Northern Advocate, 10 March 1936, Page 7
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189REACTION ON STOCK MARKETS Northern Advocate, 10 March 1936, Page 7
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