GILT-EDGED DEMAND
LONDON STOCK MARKET INDUSTRIALS WEAKEN LONDON Oct. 27. The Stock Exchange this week has been somewhat peculiar, for while gUtedged securities were soaring upwards with several British Government stocks reaching new records, there has been a pronounced decline in speculative shares with a large amount of liquidation in connection with the settlement of industrials, South African mines, oils and teas. The strength of the gilt-edged market is largely due to the superabundance of money and the demand fbr investment in stocks by big financial institutions, while a certain amount of support came from foreign sources. The weakness in industrials is due primarily to over-speculation. LOW-PRICED TREASURY BILLS ( British Official Wireless. » RUGBY, Oct. 26. The amount applied for in tenders for £35,000,000 of Treasury bills was £67,100,000. The amount aHotted in bills at three months was £34,790,000The average rate per cent, was 9s 7.42 d, as compared with 14s 3.27 d a week ago. The above rate,for Treasury bills at 9s 7.42 d per cent, is not the lowest, for the average in August, 1933, was 5s 4.95 d per cent, and on September 1 of the same year it was down to 7s 1.95 d per cent. The year 1934 opened on January 5 with an average tendered, of 19s 0.79 d per cent-
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Bibliographic details
Wanganui Chronicle, Volume 77, Issue 257, 30 October 1934, Page 9
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216GILT-EDGED DEMAND Wanganui Chronicle, Volume 77, Issue 257, 30 October 1934, Page 9
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