LONDON ’CHANGE

Sun (Auckland), Volume 1, Issue 87, 4 July 1927, Page 2

LONDON ’CHANGE

GOOD MARKET FOR LOANS By Cable. — Press Association. —Copyright LONDON, Sunday, Although the Stock Exchange was affected temporarily by the sensational collapse of the millionaire stockbroker, James White, it made a quick recovery. There is, however, still an anxious time ahead, as heavy differences in connection with dealings in these shares must be met at the next settlement on July 14. but there is plenty of time to make arrangements. While this excitement spread to other speculative markets, it failed to disturb gilt-edged stocks, which went on the even tenor of their way, meeting an improved inquiry, as is often the case after a collapse in speculative stocks. There was renewed activity in new Home corporation and colonial scrips, and recent New South Wales and New Zealands showed good advances, rlie prospects therefore appear to be favourable for the issue of the new Commonwealth loan, but there is not yet anv definite mf.vs about its appearance. In this connection it may be mentioned that about half a dozen foreign sterling loans have been recently floated here successfully, but as all of them yield well over 6 per cent., their success is hardly surprising. There has been quite a flood of new issues on the market, and last week the total offered to the public amounted to £ 6,177,650, while a further £1,837.500 was offered by companies to their shareholders..—A. and N.Z.