DEALINGS IN SHARES
WEEK IN LONDON EXCHANGE CHEERFUL LONDON, Sept. 26. Despite the situation throughout the week being overshadowed by the shakiness of the franc and the European political outlook, British markets remained cheerful, owing to the continuance of active trade and cheap money. The latter assisted British Government and other gilt-edgeds to rise strikingly, although the London County Council loan produced a. reaction. The ease with which Britain has heen able to borrow at low interest has been widely contrasted with the French Government's closing of the so-called "baby" bonds, owing to subscriptions only reaching about 4,000,000,000 francs, when it had been hoped the small investors would subscribe sufficient to pay off the Treasury's debt of 12,000,000,000 francs to tho Bank of France. Commentators express the opinion that Franco-Spanish events have shaken the faith of French investors regarding an early return to normal conditions. The devaluation of the franc has been regarded as inevitable for so long that it is generally believed there has been plenty of time to concert measures in Paris, London and New Yojrk for the purpose of minimising any consequent disturbance.
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Poverty Bay Herald, Volume LXIII, Issue 19131, 28 September 1936, Page 5
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186DEALINGS IN SHARES Poverty Bay Herald, Volume LXIII, Issue 19131, 28 September 1936, Page 5
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