GOOD TONE ON EXCHANGE

Taranaki Daily News, 11 August 1930, Page 11

GOOD TONE ON EXCHANGE

STOCK MARKETS IN LONDON DOMINIONS GENERALLY STEADY. AUSTRALIAN DECLINE SURPRISES. By —Press Assn. —Copynght. Rec. 5.5 p.m. London, August 9. With the holidays in full swing busmess on the Stock Exchange naturally has been on a small scale. During the twenty-one days’ 1 account just concluded little speculative activity has been shown but investment in stocks has preserved a good tone. British funds have hardened appreciably on the hopes of a cessation of the drain of gold to France and a consequent lessening of. the fears that money will become dearer. Victory Bonds have been sold at a record price and the 5 .per cent War Loan has touched almost the highest quotation ever marked. Dominions’ stockg generally have been steady but Australians mostly have fallen back eomewhat from the improved prices realised early in July and so far have not responded as they might have oeen ex peeted to do to the Loan acceptance of Sir Otto Niemeyer's views in regard to borrowing.