WEEK OF TRIBULATION
HOME STOCK EXCHANGE ADVERSE INFLUENCES RECOVERY COMMENCES (Elec. Tel. Copyright —United Pross Assn.) LONDON, Feb. 17.
The past week has been one ol trial and tribulation lor the Stock Fxeliauge, and the markets have not. been so disturbed since the crisis of 1931.
As mentioned a fortnight ago, the trouble in the commodity markets caused some, nervousness. This was followed by newspaper talks of tin acute Cabinet crisis, the likelihood of an early election, and the possibility of a Socialist victory. Those stores had an immediate effect on foreign holders of gilt-edged securities, who are notoriously apt to take alarm very easily. The result was heavy selling from Monday till Wednesday, which knocked down the prices of a number of British funds by £3 to £4. There were also considerable profit-taking sales by borne holders. The weakness spread to industrials, and all departments were affected.
On Wednesday afternoon a recovery commenced, and was continued until Friday. Mr. Ramsay MacDonald's and Mr. Neville Chamberlain's speeches having an assuring effect.
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Bibliographic details
Poverty Bay Herald, Volume LXII, Issue 18633, 18 February 1935, Page 7
Word Count
171WEEK OF TRIBULATION Poverty Bay Herald, Volume LXII, Issue 18633, 18 February 1935, Page 7
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