STOCK ACTIVITY
LONG-DATED BRITISH SECURE TIES AMERICAN BUYING United Press Association- By Klectric Telegraph Copyright Australian Press Association (Received 13th April. 11 .40 avm.) LONDON. L2th April. ihe Stock Exchange is at present infcrested in American buying of longdated British securities. which. so American bankers emphasise, will have a decided influence on further 'flotations of Australian loans in the" IJnited States. Such flotations, they aver, will be welcomed in view of their high interest yield compared with similar American securities. The firmness of giltedgeo lines is largely due to American purchases, as owing to the low yield of similar United .'■'talcs Mocks Americans have recently hecn buying British heavily, especially the 4 per cent funding loan, as foreign holders do not- have to pay British income tax on.it., It was also reported that the funding loan was about to be granted official ■imitation on the New York Stock Exchange. As a result of this the buying price rose from 90i to 93. but the report, that quotation would be granted has not. been confirmed and the price has relapsed to 91. ■ . - ■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19280413.2.70
Bibliographic details
Nelson Evening Mail, Volume LXI, 13 April 1928, Page 5
Word Count
181STOCK ACTIVITY Nelson Evening Mail, Volume LXI, 13 April 1928, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in