The Archive · 1934

LONDON STOCKS

The seasonal inactivity, the uncertain political situation on the Continent and the prevailing apathy Wall Street all tended to reduce business fo a minimum on the London Stock Exchange during the past week. /Moreover, the recent appreciable rises ]in_most sections was also a restrain= ing factor.

Foreign Exchanges: 'This_market during the past week was without any special feature apart from the weakness of the German Reichsmark owing to the disturbances in' Gel many. Marks, however, later re. covered. A firmer tendency of sterling in terms of dollars and gold currencies has; been apparent, but British control has not been obliged fo operate except very occasionally, Chinese "exchange fluctuated with silver, while Japanese rates were very quiet.

Money Market: With the turn of the month, much easier conditions were again' in evidence on the money market Discounts market: Quietly steady, Tatest Quotations Courtesy of Swan, Culbertson & Fritz War Loan, ale awed nest sone Bonds, 908 ae

Text read from the printed page and cleaned; old type leaves the occasional error.

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