Financial Notes
INVESTMENTS FIRM. IN some departments • of the Stock Exchange a. rather uncertain- tendency has been noticeable during the,. past week. There has been :t certain ajtount of . profit-taking in the industrial section, though undertone has remained firm. In some of the speculative markets, too, where priCes (ecintia.ited con. 2)(13e, 38.) Financial • Notes
(Continued from page 37.)
have risen extensively, profit-taking has occasioned a slight set-back. It is possible that the approaching holiday season may have prompted some realizations, while a little more attention has been given to political uncertainties both in international matters, and in local affairs, for with each month that passes the General Election draws nearer. Mean- while, however, and notwithstanding the constant stream of new capital issues, the strength of British Funds and kindred stocks continues to be an outstanding feature. During the past week there has been an issue of Liverpool 3 per cent stock offered at 991 per cent., while New Zealand offered a conversion loan in 3 per cents. at 981 per cent.' In both cases the Subscription Lists were closed within a short time of the opening.
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