SHARE MARKET INDICES

Press, Volume LXXXVII, Issue 26395, 13 April 1951, Page 10

SHARE MARKET INDICES

EFFECT OF MACARTHUR’S DISMISSAL General MacArthur’s dismissal had Immediate and opposite effects on the London and New York sharemarkets. According to Press Association messages, when the London Stock Exchange opened on Wednesday, gold shares in particular advanced. Copper shares, tins, diamonds and rubbers were also good, and Japanese bonds, which had previously shared with gold nervousriess about MacArthur’s utterances, also benefited. On Wall Street the announcement sent prices tumbling from one dollar to two dollars a share. The decline was largely regained before the market closed, but most issues still finished lower.

New York.—Dow Jones (1926 100) equals Shares Sold. Rails Indus. Sept. 29 67.64 226.36 1,800.000 Oct. 30 66.78 226.42 1,790,000 Nov. 30 68.S3 227.60 2,080,000 Dec. 27 77.32 23421 2,930.000 Dec. 28 . .. 77.89 235.34 3,650.000 Dec. 30 77.64 235.41 1.530.000 Jan. 31 86.58 248.83 2,340,000 Feb. 26 85.10 252.05 1440.000 March 31 80.58 247.94 480,000 April 6 83.02 250.83 1,450,000 April 7 82.82 . 250.28 440.000 April 9 82.84 250.57 1,110,000 Abril 10 82.18 250.42 1,280,000 April 11 81.59 249.76 1,420,000 London.—"Financial Times": Indus, ord. (1936 equals 100): Govt, and gold (1926 equals 100):— Indus, ord. Govt. Gold. Sept. 29 117.9 107.75 119.43 Oct. 31 116.6 108.82 112.70 Nov. 30 .. 114.3 107.01 105.35 Dec. 27 .. 116.2 106.81 108.7 Dec. 28 116.2 106.86 109.40 Dec. 29 115.7 106.93 109.73Jan 31 120.8 105.95 117.14 Feb. 28 122.4 104.86 120.95 March 30 .. 120.9 104.73 119.67 April 6 122.5 104.42 121.56 April 9 122.7 104.40 121.56 April 10 122.6 104.42. 121.68 April 11 . 124.6 104.18 122.43