3 SEPTEMBER 1927, Page 31

RISE IN CELANESE.

Notably the shares of British Celanese, which I showed last week had come up from about 6s. to 43s., have further risen during the week to 75s., while the market is " talking " them much higher. I am far from suggesting that a further rise may not take place, for the supply of shares is believed to be scarce, and control in a few hands, while when once the public takes the bit between the teeth in speculative operations, there is no saying to what height shares may be driven. Nevertheless, it may be well to point out that there is need for caution and that it is a case of 10s. ordinary shares standing at more than six times their nominal value, although the preference shares themselves are four years in arrears of interest.

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