LONDON FINANCE MARKET
TWO LOANS WELL RECEIVED. ARGENTINA’S CREDIT HIGH. By Telegraph—Press Assn.—Copyright. Rec. 6.30 p.m. London, Sept. 15. V/ith the holiday season near its close the Stock Exchange is beginning to show more activity, and the general tone is satisfactory. The gilt-edged market is steady, with the Dominions’ stocks in good demand The new Nigerian conversion loan had a good reception. The Argentine conversion of a number of 5 per cent, stocks amounting to nearly £10,000,000 into 4} per cent, sterling bonds at 93} was also well received. This issue is interesting from the fact that Argentina’s credit is so good that the Government has been able to dispense with the underwriting of a large portion of the issue, only about £4,500,000 being underwritten.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19340917.2.73
Bibliographic details
Taranaki Daily News, 17 September 1934, Page 5
Word Count
125LONDON FINANCE MARKET Taranaki Daily News, 17 September 1934, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.