BIG FORTUNES MADE.
LONDON. .Juno iI;!.
A meteoric rise in quotations on the Stock Exchange for British Celnnese Company's shares, from l"9s to 3fis each within two days, surprised members of tlie inner circles of the Stock Exchange, who were taken completely off their guard.
In January last the company’s shares were quoted at 7s 9d each, and last year they could Been bought at 2s fid pal'll.
In informed circles the opinion is that this ■■ skyroeKettiug ” is due to a
“ squeeze of the bears.” Recently many speculators sold shares which they did not possess hoping that they might buy their requirements later at lower prices. Heavy purchases ol the scrip which occurred early in May rendered the share- Scarce, ami the "hears therefore were compelled to vie with one another to obtain possession ot their
The "Evening News” expresses the opinion that Dreyfus Bros., who "etc* amongst the big buyers last month, have had their fortune augmented since last Saturday by £1,000.000.
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Hokitika Guardian, 8 July 1927, Page 3
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163BIG FORTUNES MADE. Hokitika Guardian, 8 July 1927, Page 3
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