The City received the expected abication announcement with mixed. feelings of regret and relief.
Land-speakers brought the news to the Stock Exchange, where It was received silently, with brokers immediately breaking up into groups, most of whom discussed the matter in approving terms.
Prices in the Street showed a tendency to rise beyond the already firmer oficial close, though traders generally were inclined to leave the public to make the next move.
The question now uppermost in most minds is whether steps will be taken to maintain the previously fixed Coronation date, which, it is pointed out, is vital in view of the heavy financial commitments dependent on it, "The Baltic Exchange welcomed the Duke of York's accession to the Throne, with cheers of "God save the King" and clapping.
The tone of the wheat market remained very Orm for nearer posit ions, and closed even higher than this morning's higher level.
'A similar reception was accorded by the Rubber Exchange and Commercial Sales Rooms, where prices, however, showed no change and business was restricted to a minimim—
Reuter.
Stocks Mise Sharply
Text read from the printed page and cleaned; old type leaves the occasional error.