BRITISH CONFIDENCE
Reflected By Stock Exchange
British Official Wireless
(Received October 17, 6.30 p.m.) RUGBY, October 16.
.'3 reflected on the Stock Exchange tn the movements of both gilt edged securities and better class equities, the confidence of the British people is entirely unaffected by events of the past week which included the intensive bombing of London and developments in South-Eastern Europe and the Far feast which on short view might be regarded as unfavourable. Gilt edged durihg the week registered gains and last night old 34 per cent war loan closed at £lO2/15/-, while there were rises of i to 4 point in most long term loans. The industrial Index last week rose to 66.2—a gain of 1.3 points on the preceding week's level. This had a counterpart in the money market, a feature of which was the abundance of credit.
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Bibliographic details
Timaru Herald, Volume CXLVIII, Issue 21788, 18 October 1940, Page 7
Word Count
142BRITISH CONFIDENCE Timaru Herald, Volume CXLVIII, Issue 21788, 18 October 1940, Page 7
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