SALES BY COMPANIES
BRITISH GOVERNMENT STOCK STOCR EXCHANGE BOOM OVER Rec. 7.30 p.m. LONDON, Aug. 4. British Government stock prices since January have fallen spasmodically, says The Times in a leader. The falls in recent weeks have been violently accentuated largely by the sales of stock by industrial companies. Many of these companies for the past six or seven years have been unable to spend much of the amounts they regularly set aside for replacements and the extensions of machinery and buildings. They instead put these funds provisionally into Government national war bonds and savings bonds. However, in the past year, renewals and replacements have begun again, and these Government stocks have to be sold in order to pay for them. The big falls in Stock Exchange prices during the past fortnight are indeed due to the immediate emergency, but they pre also a continuation of the trend started at the beginning of 1947. The Exchange “boom” of 1946 has broken.
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Bibliographic details
Otago Daily Times, Issue 26531, 5 August 1947, Page 5
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161SALES BY COMPANIES Otago Daily Times, Issue 26531, 5 August 1947, Page 5
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