NEW STOCKS WANTED
BY BRITISH INVESTORS TRADE REVIEWED (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Press Association) LONDON, Saturday. Although the spell of glorious summer weather is tempting many city men to prolong their holidays, the Stock Exchange is beginning to show renewed, signs of actiivty, and September started with a cheerful tone. Brokers and jobbers apparently anticipate active markets during the coming autumn. The gilt-edged market is firm, and unaffected by the unsettled money conditions in New Y’ork. Indeed, the market is complaining of a shortage of investment stocks, and new issues would be welcomed—not only British or Dominions, but also foreign bonds, especially those giving high rates of interest, for which there is a strong demand... Several of these are expected in the near future. The first appeared this week, a Chilean Government issue of £2,000,000 of 6 per cent, sterling bonds at 95*. This gives a flat yield of £6 5s 7d per cent., so it is not surprising that it was over-subscribed immediately the lists were opened.
Industrial stocks have also shown considerable activity this week, notably the gramophone group and tobacco.
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Bibliographic details
Sun (Auckland), Volume II, Issue 455, 10 September 1928, Page 12
Word Count
186NEW STOCKS WANTED Sun (Auckland), Volume II, Issue 455, 10 September 1928, Page 12
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