5 OCTOBER 1934, Page 36

Financial Notes


THE past week has been rather a quiet one in the Stock Markets, but prices have been well maintained. British Funds and other Gilt-Edged' securities have been kept up both by the cheapness of money and by the success attending various new issues of capital and conversion schemes. The Nigerian Loan seems to have been ten times covered in cash subscriptions, while great success attended the Argentine Conversion operation. In the case of Eno Proprietaries

the success was, of course, colossal owing to the rush on the part of premium hunters. The issue consisted of four million 5s. shares at the 'price of 11s. and, while full details are not known at the time of writing, I should quite expect it to have been covered twenty times. Gold Mining shares have also been stimulated during the week by a further rise in the price of the metal.