The Archive · 1938

Paris Bourse Weekly Review

t Paris, Jan.

A total absence of znblic interest characterised the kei ^n the Paris Bourse ior the last week of the year.

Light professional trading proved io be the market'; sole support during the period, and even this trading was extremely caution.

This was due to political anxieties and the public ser Strike, which put a issues, timid upward trend of French

However, the market proved remarkably resisting to unfavourable news, since prices only declined by mere fractions.

News from abroad was also of the unfavourable type, notably the Roumanian and Egyptian crises, ud the weakness of Wall Street.

Seasoned traders are taking a pessimistic view of the situation, and point out the increasing economic retrogression in the United St; where steel output has below 20 per cent. of compared with 77 per time last year.

The majority of issues were affected by the above factors, but Rentes proved more irregular than heavy.

Other French stocks reacted unfavourably, more or less large losses being seen in banks, chemicals an steels.

Internationals maintained their downward trend owing to the decrease in the value df raw materials. id mines were practically the stocks in this group te show a rise.—Havas.

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

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