DECLINING
Australian Press Association.
LOAX QCOTATIOXS LOWER.
LONDON, Oct. 18. Several Australian loan stocks showod a further decline to-day. Ihe Morning's Post's financial editor points out that since Alondav Commonwealth tives 3 035-15 anid 4J 1940-60 have dropped two per cent., and fives 194575 2lt per cent., wliile there were declines ranging from 3i to 3£ in some Australian State loans. Quoting a speecli of the chairman of the Brokenliill Proprietary, the writer savs it is the trend of induetrial legislation. with the inevitable effect upon the countrv's iinances, which has dis-. turbed the ininds of investors. Altliougli the stock market is now adinittcdlv unsettlcd, the fall in Australian stocks withiu a. few days strikiugly contrasts with the present stability of British gilt-cdgeds, wliile New Zcalnnd loans remained steady throughout the wcck.
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https://paperspast.natlib.govt.nz/newspapers/DTN19291021.2.92.3
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Daily Telegraph (Napier), Volume 58, Issue 222, 21 October 1929, Page 10
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132DECLINING Daily Telegraph (Napier), Volume 58, Issue 222, 21 October 1929, Page 10
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