STOCK EXCHANGE

Waikato Times, Volume 125, Issue 20888, 21 August 1939, Page 7

STOCK EXCHANGE

PAUCITY OF BUSINESS INDIFFERENCE TO WAR NERVES RUBBER POSITION SERIOUS ,united Pres* —tiec. Tel. CopyrlfHl) (Received August 21, 11.35 a.m.) LONDON. August 20 The stock markets thus far have stood up remarkably well to the repetition of last year’s war nerves and manufactured crisis. The Financial News’ index of ordinary share prices lost two points from August 12 to IK last year, compared with a tali of only half a point during the current week. Investors, like the mass of the general public, have become indifferent to the international hullabaloo, and tiie paucity of business is mainly due to the fact that few people see any reason to interrupt their holidays. The commodity markets are similarly neglected in consequence of the holidays. The only enlivening feature was Friday's buying of copper and rubber by Germany. Rubber stocks are now estimated at only 52,000 tons, which is less than six month's peacetime requirements. Thus the position is becoming serious, not only from a strategic viewpoint but on normal commercial grounds. SALES IN AUOKLAND (By Telegraph.—Press Association) AUCKLAND. Monday (Sales were reported at the morning call on the Stock Exchange as follows : Bank of New Zealand, 40s. British, 42s Gd. Westport Stockton, pref., Bs. New Zealand Breweries, 37». G. J. Coles, 795. A.C.1., rights, 7*. Inscribed stock—ls/1/43-4G, £9B 10s. Noon Call Bank of New Zealand. 40t NttiOMl Back, i~- m Consolidated Brick *2., '*• 7d. Inscribed block. 15y2/4 8-s*. £9B 10*.