MARKET RECOVERY
GOLD SHARES RISE. INDUSTRIALS FIRMER. GILT-EDGEDS WEAK. (Uinted Press Association —By Electric Telegraph.—Copyright.) Received June 28, 11 a.m. LONDON, June 27. Recovery at last seems round the corner. The Government’s announcement to increase the Exchange Equalisation Fund caused a blazing recovery in gold shares; rubbers less spectacularly seem on the verge of another small boom. Industrials are firmer. The gilt-edged market alone is weak. The failure of the London County Council issue on June 25 contrasts with the earlier loan, when it got away with'23 per cent, for 25 years. Those days are unlikely to return, investors now demanding higher rates. The last few days have also seen a sharp rise in the commodity markets. Metals have been especially prominent, copper and tin substantially appreciating owing to the over-sold condition of the market and a fair amount of trade buying.
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Manawatu Standard, Volume LVII, Issue 177, 28 June 1937, Page 7
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142MARKET RECOVERY Manawatu Standard, Volume LVII, Issue 177, 28 June 1937, Page 7
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