Financial Notes
HOLIDAY MARKETS.
Wm! Bank Holiday at hand, marking, moreover, the beginning of the holiday month of August, it is not surprising that there should have been both a restriction of dealings in existing securities and some slackening in the response of the investor to fresh capital issues. These have formed no unimpor- tant feature of the week as regards number and totals, but the response by the public has been somewhat partial. The more important issues have included the sale of £2,500,000 in 61 per cent. cumulative preference shares of the White Star Line, a City of Santos Loan for £2,260,000 in 7 per cent. sterling bonds, a City of Dresden Loan for £600,000 in 5} per cent. sterling bonds at .911, and an industrial issue for £600,000 in 7_ per cent. cumulative participating preference shares. Not a bad display of activity for the final week in July ! Moreover, as regards existing stocks, the fortnightly carry-over showed a few very appreciable movements in favour of holders of some of the shares in the industrial group. Thus, for the fortnight British Celanese Ordinary rose about 8s. 6d., Columbia Graphophones nearly I Is., Gramophone Company about 3s. and Bryant and May over 8s., while in the Mining group there was a jump of over £1. in Central Mining.
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