MORE CONFIDENCE
STOCK EXCHANGE TONE
ACTIVITY IN LONDON
VXGLO-G FILM AN SETT LI ALL NT
N.Z. LUNDS FIRM
(Klt-c. Tol. Copyright—United Press Assn.)
(.Reed. Juiy 9, 12 noon) IONIJOK, July 8
Though the improvement m stock anci snare business in London is to some extent still a reflection of Wan Street, there are indisputable signs oi continence returning.
The City’s cniet anxiety is that the progression oi values should be orderly and in view of tins, outbursts in i\ew York are mistrusted. The London mantels are tending to advance sedately on a perfectly-sound technical position. The fact that giltedged equities have risen together for nearly three weeks is producing a more confident feeling among inves-
The Anglo-German debt settlement lias been also a favourable influence. I’he bond market is firm, including New Zealand bonds, which benefited from tlie categorical New Zealand Government statement that default was out of the question. Business in industrials quietened down at the close of the week. The outlook for textiles remains gloomy, especially in view of the heavy increases in unemployment. Base metals and rubbers are the strongest amongst commodity-based shares. Oils are active.
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https://paperspast.natlib.govt.nz/newspapers/PBH19380709.2.97
Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19678, 9 July 1938, Page 8
Word Count
189MORE CONFIDENCE Poverty Bay Herald, Volume LXV, Issue 19678, 9 July 1938, Page 8
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