19 JULY 1930, Page 44

LONDON ELECTRIC SCCCESS.

Evidence was afforded during this week of the readiness of the investor to respond to a thoroughly sound stock giving an adequate yield of interest. In the case of the offer by Messrs. Borings, Rothschilds and Schroders of London Electric Railway 5 per cent. debenture stock for £5,000,000, the amount was applied for more than five times, very large applicants only receiving about 10 per cent. of the issue. The stock is a full trustee security, but very wisely the sponsors responsible for the issue offered it on terms giving the holder a yield of 5i per cent.