NEW CAPITAL ACTIVITY.
High-class investment stocks are also, no doubt, benefiting ", at the moment by anticipation of the reinvestment of some - portion of the interest on the 5 per cent. War Loan amounting to over £50,000,000 due on June 1st. Advantage will probably -be taken of the good demand for investment stocks to make further flotations, and I have little doubt that the issue to 'be made this week of £4,000,000 in 5 per cent. first mortgage stock . of the Underground Electric Railways of London at the price of 96 will be well applied for, the more so as it comes out under the highest auspices, namely, that of Messrs. Barings, Rothschild-and Schroders. Apart from the gilt-edged group; other departments of the Stock Exchange have moved somewhat tmcertainly;
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