LONDON SHARE SALES
Downward Drift Continues
(N .Z.P.A .•Reuter— i Copyright) LONDON, December 7. The downward drift on the London Stock Exchange became more prominent each day this week, and shares fell to preelection levels. The falls were influenced by further depressing news from industry—decreasing profits and dividend warning—and uncertainty about the underlying balance of payments position. What investment and speculative interest there is has remained very selective, and with small sellers in the majority, prices tended to go lower in most sections Gilt-edged prices eased to very quiet conditions and equity sections have been dull. Tooth And Co.—Shareholders of Tooth and Company, Ltd., who did not take up their entitlements in the recent issue will be paid a net 39s a share. The value of fractions is 6s 6d net. Payment will be made on December 20.
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Bibliographic details
Press, Volume C, Issue 29691, 8 December 1961, Page 25
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138LONDON SHARE SALES Press, Volume C, Issue 29691, 8 December 1961, Page 25
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