RUSH TO BUY

Grey River Argus, 17 October 1936, Page 7

RUSH TO BUY

NUFFIELD SHARES Over Two and a Half Million Sold (Aus. & N.Z. Cable Assn.) LONDON, October 15. 1 The London Stock Exchange is having one of the most hectic days ever experienced, including those of the historic rubber and Kaffir Booms, over the Morris motor shares. Received October 1G at 7.45 p.m.) LONDON, October 16. Older members of the Stock Exchange say that they have never witnessed anything like the scenes when the dealings opened for the Morris Motors shares, over two million being offered. These five-shilling ordinary units, for a brief period at the opening, were quoted at 38s Gd to 395. Then they rose to 455. but, by the close, they fell to 41s 9d apiece. JOBBERS’ SMALL “TURN” LONDON, October 15. The “Daily Mail’ understands that the whole of the two million six hundred ami fifty thousand units offered were marketed at a margin between three-half pence and three pence per share above the price at which the jobbers obtained them. This is the smallest turn, as between vendor and buyer, in important marketing ever known in the city. THE DEAL CRITICISED. LONDON, October 16. The “Daily Telegraph’s” city editor savs: It is felt that the procedure tarough a prospectus allotment would have been preferable. The editor adds: This unhappy experience of to-day may induce the 'Stock Executive Committee to prevent any recurrence of such Gift of £1,250,000 (Aus. & N.Z. Cable Assn.) LONDON, October 15. Lord Nuffield has given to Oxford University a sum aggregating one and a-quarter millions, for the development of the post-graduate medical school. . He says he recognises the desirability of "researches working unhampered by cares of private practice. Oxford University astounded the countrv by announcing the gift of £1,350,000 " from Lord Nuffield, who, starting life on a capital of . five pounds, built up the Morris business. The- gift far transcends any single donation given to a university, or any other institution, by any living person.

Lord Nuffield gives £1.250.000 for extension of the scope of the University’s medical school, and the Nuffield Institute for Medical Research, and throws in an extra £lOO,OOO for another funds, which he understands, the University is opening shortly, incidents.

Donors Objectives

TRAINED RESEARCH WORKERS. FOR SOLUTION OF MEDICAL PROBLEAIS. (Aus. -& N.Z. Cable Assn.) (Received October 1G nt 7.45 p.m.) LONDON, October 15. Lord Nuffield, in offering his gift to Oxford, emphasised the importance of post-graduate training for research workers. He proposes the establishment of senior posts for men and women who will not be subject to the distractions of private practice, and under whose direction there would be a body of selected clinical assistants and house officers, selected for their promise of aptitude for the scientific investigation of medical problems. Arguing that the enchancement of knowledge and the treatment of tho sick must go hand in hand. Lord Nutfield outlines a scheme of hospital cooperation. He proposes that Oxford University should establish clinical departments of medicine, surgery and obstetrics, combined with gynaecology, and also a department of anaesthetics, etc, as it may be found desirable. It is estimated Lord Nuffield has previously distributed more than a million pounds to charitable and scholastic causes in the past ten years.