BOOM IN ARTIFICIAL SILK.
EXCITEMENT ON ’CHANGE. LONDON, February 23. Wild excitement prevailed on the “Stock Exchange after an announcement that Courtaulds,, Limited, artificial silk manufacturers, were paying a share bonus ctf 100 per cent, in addition to a dividend of 25 per cent; Last night the official closing price was 153 s 9d. Long before the Exchange opened to-day scores of brokers .started dealing and rapidly rushed the price to £O, which means that the market value of the ordinary shares appreciated over £15,000*000 in ten minutes. . Excjiapge opened, the price reliapied oh profit-taking, and closed at about ,163 s 9d. The excitement spread to all artificial silk shares, which fluctuated rapidly-
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Bibliographic details
Levin Daily Chronicle, 27 February 1928, Page 7
Word Count
113BOOM IN ARTIFICIAL SILK. Levin Daily Chronicle, 27 February 1928, Page 7
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