During the past month, there have been only a few issues of out standing importance. Among them may be mentioned £822,000 Gover ment of Newfoundland 5 per cent. bends to bearer 1949, at 100: £1,250,000 Bengal and North West em Railway Ca. Ld 5 per cent.) Special Debentures 1945-60, at 42; 1,500,000 Corporation of London 48 per cent, Debenture Stock, 1940- 85, at 95; and a joint issue, total Ling 1,100,000 of stock, by Bath, Grimsby, St, Helens, and Wakefield Corporations, of 42 per cent. Re-coomable Stock, 194-55, (that of Wakefield being definitely vedeemable in 1945) at 978, Towards the end of the month, markets generally were overshadow.
by the announcement of an impending: issue of £30,000,000 33 per cent, Conversion Loan by tender with a minimum price of 762) A on the previous occasion tende must be for £10,000 or multiples of £10,000, The announcement had a weakening influence upon Govern-j ment and gilt-edged—securities generally, and the heavy tone a measure likewise reflected by the more speculative markets, Movements of Stocks The prices of Government stocks had shown an improving trend right up to the day of the announcement of the new Conversion issue, when a sharp break occurred, Since prices have moved within narrow limits, In_ Foreign Government securities, European reconstruction Yeans continued firm throughout the month. French Rentes fluctuated sharply, though prices show very ttle change on the month. Argen-' tine, Brazilian, Chinese and Sapan-louus were steady.
In the Home Railway market, the Total Domestic Exports 50,000 During 1924
Text read from the printed page and cleaned; old type leaves the occasional error.