FALL IN SECURITIES.
As a result of the war, 387 representative securities dealt with by the Bankers’ Magazine show a fall compared with January, 1907. There was a total depreciation of no less than millions sterling. With the exception of insurance and shipping shares and a few tramway and omnibus stocks, every department has contributed to the loss. In the case of British and Indian funds the decline is as much as ,£158,000,000, while foreign Government stocks and American railway issues have fallen about ,£112,000,000 and ,£120.000,000 respectively. A very heavy percentage decline is that which has occurred in British Railway ordinary stocks, which show a loss of about .£53,000,000, or 17 per cent. Although there has in several cases been a recovery since the Stock Exchange was closed it is doubtful whether the figures referred to would be materially modified were the comparison to be made with the quotations now current.
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Bibliographic details
Manawatu Herald, Volume XXXVI, Issue 1333, 5 December 1914, Page 4
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152FALL IN SECURITIES. Manawatu Herald, Volume XXXVI, Issue 1333, 5 December 1914, Page 4
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