MORE CHEERFUL
STOCK EXCHANGE TONE BUSINESS STILL QUIET POSSIBLE DANGER POINT INDUSTRIAL UNREST (Elec. Tel. Copyright—United Press Assn.) (Reed. May 4, 11 a.m.) LONDON, May 3. As expected, all departments of the London Stock Exchange to-day displayed a more cheerful tone. Giltedged opened firmly. Industrials under the leadership of trans-Atlantics were stronger. Oils, kaffirs and rubber shares were all better.
Business, however, is quiet and is unlikely to develop until after the Whitsu'n holiday owing to the Coronation and other distractions. Possible sources of danger are an extension of industrial unrest in England and a major upheaval in France, where extremist pressure on the Prime Minister, M. Leon Blum, is becoming formidable. M. Blum, however, is ■standing firm against the demands for a public works ' scheme involving 10,000,000,000 francs, which, he says, could only'be financed by an exchange control and economic dictatorship similar to the svstem in Germany.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19370504.2.53
Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19315, 4 May 1937, Page 5
Word Count
148MORE CHEERFUL Poverty Bay Herald, Volume LXIV, Issue 19315, 4 May 1937, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.