AN interesting share is N. CORAH AND SONS, manufacturers of
knitted underwear, outer- wear and footwear under the trade name " St. Margaret." Marks and Spencer have an interest, but not a controlling one, in the capital and are the company's prin- cipal customers. Their accounting year ends in December and they must_ have shared in the excellent trade of the Marks and Spencer stores last year. In 1952 they earned 57.3 per cent. and paid 15 per cent. in dividend with a. scrip bonus of 50 per cent. The 5s. shares. have risen to. 19s. in anticipation of the results which will be announced next month. Dividend policy
will probably remain conservative. The issued equity capital is £934,704: the revenue reserves and carry forward last year were £1,222,000. For a textile manufacturer in this privileged and protected position the shares are not over-valued.
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