JUMP IN MARCONI SHARES.
CABLE COMPANIES -MAY TRY TO SECURE CONTROL. (BT CABI.F.--NIESS ASSOCIATION-COrTRIGHT.) OCSIKAUAK AND N.Z. CABLE ASSOCIATION ) LONDON, October 25. Marconi shares jumped to-.dav from 3-js to 38s, on rumours that someone was buying for control. Later they reacted to 35s 6d.
The "Evening Standard" suggests that the dividend prospects do not warrant the present price. It hints that the big cable companies might have taken seriously the suggestion thrown out some time ago that they ought to be using part of their reserves to obtain control of wireless, "though," it adds, "at present wireless is not a real danger to the cable companies."
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Press, Volume LXIII, Issue 19142, 27 October 1927, Page 9
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106JUMP IN MARCONI SHARES. Press, Volume LXIII, Issue 19142, 27 October 1927, Page 9
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