The Archive · 1934

LONDON STOCKS

Stock Exchange: Easy' monetary conditions during the week continued to strengthen the demand for Bri-{ish "gilt-edged securities, which fur. ther advanced substantially, Other. Wise, the markets were" generally amulet, Foreign bonds were more or less featureless, but the undertone the whole' was very steady, Japan. ese issues were very subdued but most Chinese bonds were well supported.

'The market for Industrials was Irregular, interest being. rather' selective issues.

Goldmining shares were fairly prominent, while olls, after ruling frm, turned reactionary, Rubbe hares wealrened with the commodity.

Foreign Exchanges: Although rates at the end of the week were practic. ally unchanged compared with ast Week, there were fairly sharp movements during the week owing to {sting Continental and American an-certainties. Chinese exchange work-fed lower with silver, while the yen was stronger, Money Market: Easy conditions prevailed, accentuated to-day by large Sividend disbursements amounting ££26,500,000, of which £ 16,500,000 was on British Government funds.

Discounts: Rates weakened on the breakup of the clearing bank's mini-courtesy Swan, Cull Nov.

War Loan, 349% (Red.) 4055, 1054

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

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