LONDON EXCHANGE.

Waikato Times, Volume 114, Issue 19017, 7 August 1933, Page 7

LONDON EXCHANGE.

A HOLIDAY ATMOSPHERE. BUSINESS FAR FROM BRISKAMPLE MONEY AVAILABLE. United Press, Assn.—Elec. Tel. Copyright. (Received Aug. 7, 9-30 a.m.) ' LONDON, Aug. 5. The Stock Exchange has been under the influence of the approaching -holidays. Business Is far from brisk, but the tone is good and prices in all sections are well maintained. Glltedgeds especially are firm, the success of the Australian conversion loan having had a good effect and the wonderful response to the Canadian issue (the first appearance of that Dominion on the London loan market since 1915), further improved the sentiment.

Usually when gllt-edgeds are firm industrials are neglected, but lately this has not been the ease. Equities with Wall Street are more steady, being well supported. Gold mining shares have been very strong, several*Australians showing good advances. Rubber and tea shares are also active, The conditions on the money market are very easy, with abundant supplies as is shown by the low rate (5s 4.95 d) on Treasury bills allotted yesterday. This is the lowest in the history of the Treasury bill system, which dates from 1877.