RETURNING STRENGTH
ECONOMIC OUTLOOK BRIGHTER. (United Press Association—By Electric Telegraph—Copyright.) LONDON. February 16. The stock markets generally show some indications of returning strength many believing that the worst period of reaction has already passed. The gilt edged market evinced a marked improvment largely due to the favourable reception now' offered by trustee stocks, coupled with a reduction of bank rate and the smooth functioning of the Hatry settlement arrangements. . The wool outlook has slightly improved. Most users approve the Australian selling interests’ efforts towards stablisation of values, though some Bradford interests are disposed to resent any artificial restriction, contending that the big weight still coming on the market is a menace to the trade. Bradford tops quotations are certainly steadier, though buyers are still inclined to play a safe game, in view' of the possibility of being caught over stocked in the event of the market relapsing.
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Timaru Herald, Volume CXXV, Issue 18497, 19 February 1930, Page 12
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147RETURNING STRENGTH Timaru Herald, Volume CXXV, Issue 18497, 19 February 1930, Page 12
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