RESULT OF LOWER INTEREST
SHARE MARKET IMPROVEMENT.
“NOT DUE TO EXCHANGE RATE.”
By Telegraph—Press Association.
Dunedin, December 20,
M. Harman Reeves, president of the Dunedin Stock Exchange, in his annual address, said that the improvement in the share market throughout the Dominion was the result of the reduced rates of interest on Government and municipal securities and on bank fixed deposits, combined with the improved prices ruling in London for meat and wool. It was not due to the forced and unnatural raising of the exchange rate on London, as certain interests claimed.
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Bibliographic details
Taranaki Daily News, 21 December 1933, Page 5
Word Count
93RESULT OF LOWER INTEREST Taranaki Daily News, 21 December 1933, Page 5
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