TRADE AND FINANCE
FORTNIGHTLY REVIEW HOLIDAY SLACKNESS ON ’CHANGE. Press Association—By Telegraph—Copyright LONDON, August 11. General holiday slackness is noticeable on the Stock Exchange, and a revival of activity is not expected before the end of September. Gilt-edged securities, despite a tendency for less easy monetary conditions, show a firm undertone, and colonial stocks are in good request. The last Commonwealth Joan has hardened, as was expected, and is now quoted at one-eightn premium. In these circumstances the market, as one financial paper points out, would welcome new loans, and it is highly probable that several large new gilt-edged issues will be floated before the end of the year. In this connection it is interesting to note that there has been great activity in new loan flotations this year. The Midland Dank publishes statistics showing that the- new capital issues for seven months to July 31, excluding British Government loans, amounted to £244,436,000, compared with £194,558,000 for the same period of 1927, and £158,365,000 in 1926. Of this year's total, roughly, £33,000,000 went to foreign countries, £69,000,000 to various parts of the Empire, and £140,000,000 for the United Kingdom. WOOL RECOVERY INVENTION.
A demonstration has been given in London of the new machine for the
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Evening Star, Issue 19943, 13 August 1928, Page 9
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205TRADE AND FINANCE Evening Star, Issue 19943, 13 August 1928, Page 9
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