CABLES AND WIRELESS

Otago Daily Times, Issue 20361, 19 March 1928, Page 10

CABLES AND WIRELESS

EXCITED DEALINGS IN SHARES. REMARKABLE RISE IN PRICES. (Press Association—By Telegraph—Copyright.) LONDON, March 16. Tlie activity in Marconi shares has lessened, and the excitement has been transferred to the cable group. The Eastern Telegraph jumped yesterday from 25 to 165. and to-day there were numerous dealings, the market closing strongly at 200. The Eastern Extension has risen from 15 on Wednesday to 19j. The Daily Chronicle savs that the recent rises in cable shares have made good all the loss in capital value, which was attributable to the actual and potential competition by wireless.—A. and N.Z. Cable. QUESTION OF RATES. LONDON, March 17. “ The public is entitled to ask whether the fusion of the Marconi Company and the Eastern Company is likely to supplant free competition by stabilisation,” says the Financial News. “In view of the legal monopoly over all telegraph and telephone sendees vested in the Post-master-general it should be feasible to arrange that no rate increase shall be made without his sanction. —A. and N.Z. and Sydney Sun Cable. CANADIAN MARCONIS. RECORD TURNOVER. NEW YORK, March 16. A further tremendous turnover occurred in Canadian Marconi shares, exceeding yesterday’s record with 557,000 shares changing hands in five hours. The stock closed at the year’s high level of B|.