HOPES DISPELLED
BRITISH STOCK MARKETS FRESH OUTBREAK OF SELLING NERVOUSNESS APPARENT (United Press Association) (By Electric Telegraph —Copyright) LONDON, June 22. Hopes of improvement in the stock markets have been dispelled with a further outbreak of selling. Gold shares had practically no support at lower levels. The Fiench crisis, the Spanish situation, and the postponement of the visit to England of the German Foreign Minister (Baron von Neurath) caused buyers to hold off other markets. Rubber shares alone remained steady. The Financial Times emphasises that the iron and steel industry is likely to enjoy stable conditions and substantial activity for several years in Britain. The market finished raggedly owing to nervousness as a result of the Spanish situation and an outbreak of selling of gold shares in South Africa.
A message from Capetown says that the Rand market experienced the most hectic day for years. Nobody seemed to know the reason for selling, as the shares were piled on a falling market. London buying at the close of the session alone steadied values.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19370624.2.62
Bibliographic details
Otago Daily Times, Issue 23225, 24 June 1937, Page 11
Word Count
173HOPES DISPELLED Otago Daily Times, Issue 23225, 24 June 1937, Page 11
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.