WIRELESS STOCKS

Sun (Auckland), Volume III, Issue 910, 1 March 1930, Page 11

WIRELESS STOCKS

CONTINUATION OF DECLINE DEPRECIATION OF £14,000,000 LONDON, Thursday. There has been a further decline in the market prices of Cables and Wireless stocks. The B ordinary shares have fallen two points more to 25, and the A 73 per cent, shares have lost a point and are quoted at 55. It is estimated that the market valuation of the two stocks has depreciated in tlie past few months by £14,058,000. ' Cables and Wireless. Limited, is the holding company formed to acquire the whole of the ordinary and preference shares and the debenture stock of the Marconi Company and the whole o<■ the ordinary shares of the Eastern and associated telegraph companies, their pre" ference and debentures issues havinc been excluded. According to a cable message published yesterday, the B shares, now at 25, have been as high as 104, while the A shares, now at 55 have been as high as 901. The S’- per cent, preference shares were quoted in yesterday 3 cable at 93. At the peak prices named the market valuation of the £21,200,000 of A shares and the £9,000,000 of B shares would be £38,546,000. At the latest figures thl valuation is £13,910,000.