HOME STOCK MARKETS

Poverty Bay Herald, Volume LXIII, Issue 18988, 13 April 1936, Page 7

HOME STOCK MARKETS

ANXIETY DIMINISHED LESS FOREIGN INFLUENCE DOMESTIC RECOVERY (Elec. Tel. Copyright—United Press Assn.) (Rccd. April,l3, ,11 a.m.) LONDON, April 11. '. The stock markets finished for the holidays quietly confident. Speculative interest, naturally, was restricted, but last week's indications that the market was shedding its. political anxiety were broadly confirmed. Investors seemed tired of international crises, about which the City argues so endlessly, and ceased to allow them to upset the belief in a continuance ..of the domestic revival. Whether the latest news from Geneva will lead to selling after the holidays remains to be seen. • • The most interesting feature of recent weeks has been: the rapidity with which investors are snapping up new issues of underwriters. In contrast to a short time ago, when the market was overloaded, they have now little fear. The yields of most industrials at present are so small that investors are keen to find more attractive propositions. Gilt-edged securities remained consistently firm, but the French franc remains an urgent problem. The increased bank rate proved a failure, and selling pressure continues. The French Treasury is., seeking to negotiate a loan in Amsterdam.