NITRATE SHARES.
BIG SLUMP IN VALUES. EFFECT OF SYNTHETIC ARTICLE FROM THE AIR. By Cable—Press Association —Copyright. Australian and N.Z. Cable AssoclaM«"\*. (R.< civoi April 29, 7.20 .p.m.) LONDON, April 28. The “Daily Express”' says there is a remarkable slump in nitrate shares. A dozen of leading securities have fallen £1,750,000 chiefly owing to tho success of the chemists in making synthetic nitrate from the air. Aguas Blancas shares,. 33s Gd at the beginning of the present month, .are- now 20s. It is announced that no final dividend will be paid, though 50 per cent, was paid during the, last three years. Other nitrate companies have experienced equally sensational falls.
The value of Santiagos which was 45s on Monday, relapsed to 22s Cd, and is now 27s 6d.
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Bibliographic details
Timaru Herald, Volume CXXIII, 30 April 1926, Page 9
Word Count
128NITRATE SHARES. Timaru Herald, Volume CXXIII, 30 April 1926, Page 9
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