RISE IN COURTAULDS' SIIARES.
Not the least feature in the Industrial Market Not the least feature in the Industrial Market a ,Pring the past week has been the sharp rise in Courtaulds' ",,,aares on the announcement of the removal of the Excise on staple fibre and other artificial silk waste. It will be remembered that the Duty was reduced from Od. to 3d. per lb. rtaulds at the meeting last Jane, 1934, and the Chairman of Cou , a,st March pleaded for its complete removal, pointing out that the use of the fibre was gaining ground and that it offered a hope 1-n better times for Lancashire. The Company now announces that in addition to the removal Duty of 8d. e removal of the Per lb. Courtaulds will make an additional reduction of Iid. per lb. in the price, and this, it is thought, these announce- ht, should give a !onsiderable stimulus to the industry. U Tents the shares rose on Monday last to 56s. a share, at which • t° about the yield on a 71 per cent. tax free dividend is equivalent about £39s. per cent.
(Continued on page 412.)
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