Business & Finance: Change

The floor of the ancient rambling London Stock Exchange was bedlam all last week. Brokers shoved and shouted as the boom in West African gold stocks spread to other issues. Lights burned brightly in the City (financial district) until midnight as clerks toiled over books. Iron and steel shares were up on news that March steel production was 829,700 tons, highest since the October 1929 peak. Government securities soared in anticipation of this week’s budget announcements. A speculator named K. H. Williams was reported to have made $2,500,000 in West Africans alone. London’s financial editors raised storm warnings.