Financial Notes
IRREGULAR PRICE MOVEMENTS.
To some extent, of course, general business on the Stock Exchange has been restricted during the past week owing to the holiday season, while the markets for high-class investment stocks have been more or less adversely affected by the monetary situation and the continued drain of gold from the Bank of England. Altogether that institution within about two months has lost something like £24,000,000 in gold, and it is not surprising that some anxiety should be felt with regard to the outlook, the more so in view of the
fact that active speculation with comparatively dear money still continues in New York, while it is generally recognized that only by continued borrowing from abroad can Germany continue to make regularly the necessary reparation payments. It is not surprising, therefore, that gilt-edged securities should hang fire for the moment.
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