STOCKS RALLY ON LONDON EXCHANGE
Rec. 7 p.m. LONDON, Aug. 14. Led by gilt-edged stocks, the London Stock Exchange rallied to-day after the big losses yesterday and on Tuesday. “Daltons” (Government 2i per cent, irredeemable bonds), which fell to £BO 10s or lower in official dealings yesterday, recovered to about £B2 at to-day’s close. There was another sharp advance of South African and other gold mining shares, benefiting from “escapism” and a belief in an eventual fall of production costs or thp high gold price.
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Otago Daily Times, Issue 26541, 16 August 1947, Page 7
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85STOCKS RALLY ON LONDON EXCHANGE Otago Daily Times, Issue 26541, 16 August 1947, Page 7
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