LONDON SHARE INDICES

Evening Post, Volume CXXXVII, Issue 7, 10 January 1944, Page 3

LONDON SHARE INDICES

(By Telegraph—Press Association—Copyright.) LONDON, January 8j Financial Times" stocks and share indices, •with, previous quotations, are (October 15, 1926 ' equals 100) :— Govt. Home Indus- Goldsees, rails, trials, mines. December 21 ... 112.6 67.4 127.7 159 2 December 28 .''.. 112.5 65.5 128.4 159 0 December 31 ... 112.6 68.7 128.8 159 6 January 7 112.6 68.9 128.9 159.8 EFFECT OF PRICE LIMITS. Month by month the priqe-controlled rigidity ot the Bharo market Is Australia becomes more' pronounced. An occasional price flutter i 3; noticeable 011 the release of periodical amended selling limits, but the effects on the market1 of revised prices becomes less emphatic as more and more shares reach or approach the. set ceiling beyond which the price of no shares is allowed to ascend, comments Rydge's Journal.] YUth practically every front-line share now be-' ing asked for by unsuccessful buyers at ulti-J mate ceiling levels these shares have become' frozen. In an unremitting search for share' investments, the public has gradually focussed> its attention on the second-rank stocks and1 the weight of buying orders has steadily lifted these lower-priced shares to their fixed limits ' ihus, the market gradually approaches a con-1 rlition of stagnation. Business done on of-' ficial change has become negligible. By far the'greater proportion of transactions are completed! oft 'change." What the official controls have! clone is to make each broker's office a little1 stock exchange on its own and robbed the-! official market of its function as a free ex-] change through which the public acquires and'; disposes of its share property.-