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MOND NICKEL EXCITEMENTS.
Quite the outstanding feature of the past ten days' activities on the Stock Exchange has been the great rise in the shares of the Mond Nickel Company. At one time last week, and on the rumours of some fusion with the International Nickel Company of America, the 10s. shares rose to 81, representing an advance for the one week of over 25s., while it must be remembered that only a few months ago the shares which were then,in £1 form, were quoted at about £9 10s., so that in the interval the advance has really been to the equivalent of more than £16 if the shares were quoted in their old form. Moreover, even this does not represent the extent of the profits secured by holders of the shares, for at the time of the splitting a few months ago, new 10s. shares were offered to shareholders at the low price of 65s. It is sensational bonus distributions such as these, together with constant expecta- tions of fusions involving a rise in capital values, which have done much to stimulate the boom in industrial shares.
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