MOST BUOYANT TONE
HOME STOCK EXCHANGE
PRICES MOVE UPWARD
N.Z. STOCKS FIRMER
(Elcc. Tel. Copyright —United Press Assn.) (Reed. March 4, 1 p.m.) LONDON, March 3. As the most cheerful account for well over a year draws to a buoyant close, the City's main topic is whether the steady upward adjustment of prices during the past few weeks can be taken to mark the start of a decisive cycle of trade on the upswing. Though unshaken by Marshal Goering's -blustering speech, the markets reacted on Thursday to the grossly exaggerated reports of the calling up of Italian troops. Little stock came out, however, and this was rapidly absorbed in the subsequent rally.
Gilt-edged securities benefited from the belief that the Budget will not contain surprises and that the nation's defences have been strengthened to the point of justifying a measure of quiet confidence.
Dominion stocks fully shared the activity and were strong, with New Zealand stocks leading on Mr. M. J. Savage's week-end speech. There was also consistent support for Australians.
A hopeful tone prevails in the commodity markets.
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https://paperspast.natlib.govt.nz/newspapers/PBH19390304.2.83
Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19879, 4 March 1939, Page 6
Word Count
179MOST BUOYANT TONE Poverty Bay Herald, Volume LXVI, Issue 19879, 4 March 1939, Page 6
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