STOCKS IN LONDON.

Waikato Times, Volume 113, Issue 18944, 15 May 1933, Page 7

STOCKS IN LONDON.

LOSS OF BUOYANCY

DUE TO GENEVA REPORTS

SLUMP IN GERMAN BONDS,

United Press Assn.—Elec. Tel. Copyright.

(Received May 15, 9.30 a.m.) LONDON, May 14

Until yesterday the stock exchange was bright and active. Gilt-edged securities were certainly on the dull side, but- industrials showed much strength. Aided by hopes in connection with the World Economic Conference, higher commodity prices, and good reports from - Continental centres, the result was a lengthy list of advances in domestic Industrial shares, notably coal, iron and tobacco, while mining shares were also in demand at higher prices. i Yesterday, however, the news of the disarmament crisis at Geneva brought a rapid change. Gilt-edgeds gave way all round and industrials generally lost buoyancy though in their cases declines usually were small. To-day conditions were again dull, an outstanding feature being a slump in German bonds following the news that interest thereon would be paid in nominal currency instead of currency of gold value.