BUSINESS ABROAD: Out of the Canal

In the New York and London financial markets last week there was a new speculative favorite: the Compagnie Universelle du Canal Maritime de Suez. After a drastic drop from $260 in the wake of Nasser's nationalization of the big ditch, the shares have finally begun edging up and last week reached $182, four points above crisis low. Said a London dealer: "Since the crisis there have been many more canal buyers in London than before. Shares used to change hands by the fifties and hundreds. Now they change hands by the thousands."...

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