The Archive · 1935

LONDON STOCKS

London Mar, 21

International political developments, including the resignation of the Belgian Government, which gave rise to apprehension of possible repercus~ sions in the event of Belgium going off old. caused general stagnation fon the Stock Exchange during past week and the markets continue todisolay a very unsettled appearance, British gilt-edged securities suf fered rather a sharp setback owing to certain amount of lquldation, and most European bonds were also weak, However, Chinese and Japanese issues maintained " falely steady tone.

Gold mining shares were resistant otherwise, Interest in the stock market was almost completely lacking.

'Very erratic conditions were experienced throughout the week in forelgm exchanges, with large fluctua tions movements' being dictated hi varied rumours regarding the belga. Chinese and Japanese exchange war rather uncertain.

In the money market, a good demand for Toans continues and increasing use {s being made of clear. ing bank resources. Discount rates have been well. maintained—Reuter.

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

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