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DECISIVE UPSWING IN TRADE? INVESTORS MORE CONFIDENT DOMINION STOCKS ACTIVE (By Telegraph—Press Association—Copyright) Received March 5, 5.5 p.m. LONDON, March 3. As the most cheerful account for well over a year draws to a buoyant close, the city’s main topic is whether the steady upward adjustment of prices during the past few weeks can be taken to mark the start of a decisive cycle of trade on the upswing. Though unshaken by Marshal Goering’s blustering speech, the markets reacted on Thursday to grossly exaggerated reports of the calling up of Italian troops. Little stock came out, however, and this was rapidly absorbed in a subsequent rally. Gilt edgeds have benefited from a belief that the budget will not contain surprises, and that the nation's defences have been strengthened to a point of justifying a measure of quiet confidence. Dominion stocks fully shared in the activity and were strong with New Zealand’s leading on Mr. Savage's week-end speech. There was also consistent support for Australians. A hopeful tone prevails in the commodity markets.
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https://paperspast.natlib.govt.nz/newspapers/WC19390306.2.72
Bibliographic details
Wanganui Chronicle, Volume 83, Issue 54, 6 March 1939, Page 7
Word Count
175MORE OPTIMISTIC TONE Wanganui Chronicle, Volume 83, Issue 54, 6 March 1939, Page 7
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