Buoyant Stock Exchange
(Rec. 2.15 p.m.) LONDON, Aug. 14. Buoyed up by the Solomons news, stock markets closed the week generally cheerful, without, however, commensurate buying. Movement in some fairly large transactions helped the improvement of gilt edged. New Zealand and Australian were moderately active.
Among Government Bonds, New Zealands still command preference over Australian, partly owing to the geographical position and partly because the sterling debt is not over-burdened. The mass of stock carrying interest at 5 per cent is conseo.uently short-dated. New Zealands will enjoy a reasonably free market and it is only in the case of long-dated stocks bearing a low rate of interest, that minimum prices produced a freezing process.
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Bibliographic details
Northern Advocate, 15 August 1942, Page 5
Word Count
114Buoyant Stock Exchange Northern Advocate, 15 August 1942, Page 5
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