BRITISH FUNDS
A GENERAL ADVANCE EFFECT OF CHANCELLOR’S SPEECH. LONDON, May 11. Mr Chamberlain’s speech most favourably affected the Stock Exchange, and caused a general advance in British funds. A further improvement was noted in Australian issues. GILT-EDGED MARKET ACTIVE.
(British Official Wireless.) RUGBY, May 11. (Received May 12, at 5.5 p.m.) On the Stock Exchange the gilt-edged market is very active, and quotations for British Government stocks are substantially higher. Funding loan 4 per cent, touched £99 17s Cd, but later fell back to £99 15s. Six of the principal British Government securities showed an appreciation of over £13,000,000. The market is receiving a fillip from the Chancellor’s forecast of further economics in government.
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Otago Daily Times, Issue 21643, 13 May 1932, Page 7
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115BRITISH FUNDS Otago Daily Times, Issue 21643, 13 May 1932, Page 7
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