MORE BUSINESS

Wanganui Chronicle, Volume 83, Issue 55, 7 March 1939, Page 7

MORE BUSINESS

LONDON STOCK EXCHANGE « Received March 6, 5.5 p.m. LONDON, March 4. The London Stock Exchange maintains its sound position, all sections of the market showing a firm tone, with increasing business. There has naturally been some profit-taking, but the stock offered has been quickly absorbed. A writer in the Investors’ Chronic'e says: “We must go back several years to find a week that has been as satisfying as this has been. Moreover, the prospect of the termination of the Spanish civil war must help the markets. Besides, various Budget Estimates show that the Government, in counting upon a decreasein the cost of unemployment, making an increased allowance for the cost of social services, is prepared to back Ministers’ views that better trade is on the way.” One indication of the community's improved purchasing power is shown in the favourable reports of higher profits made by the large provision stores. Commodity markets generally arc more active, reflecting increased confidence due to expectation of revival in trade in the United Kingdom and in the United States. Copper, tin, lead, spelter, rubber, and cotton prices are all marked u