LONDON MARKETS
INFLUENCED BY WALL STREET. United Press Association -Bv Electric Telegraph - rcnvrtaht LONDON, July 8. Though the improvement in business in London is to some extent still a reflection of Wall Street, there are indisputable signs of confidence returning. The city’s chief anxiety is that the progression of values should be orderly, and in view of this, outbursts in New York are mistrusted. The London markets are tending to advance sedately on a perfectly sound technical position. The fact that giltedged equities have risen together for nearly three weeks, is producing more confident feeling among investors. The Anglo-German debt settlement has been also a favourable influence and the bond market is firm, including New Zealand bonds, which have t:nefited from the categorical Government statement that default is out of the question.
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Bibliographic details
Timaru Herald, Volume CXLV, Issue 21085, 11 July 1938, Page 7
Word Count
132LONDON MARKETS Timaru Herald, Volume CXLV, Issue 21085, 11 July 1938, Page 7
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