Financial Notes
ACTIVITY IN INDUSTRIALS.
WHILE investment -sections of the markets continue with a -very firm tone and have not been affected by the Government .offer in connexion with the repayment of the War Bonds -due at the end of this month, chief activity still continues to centre in the industrial market, where business, especially as the holiday season might be expected to interfere, has seen great animation. This section of the Stock Exchange began the week with further advances in some of the recent specu- lative favourites such as British Celanese, and tobacco shares have also been favoured on a revival of the bonus talk which is seldom absent for long from this group. Speculation ,may have been encouraged- by:the fact that this week saw the 'beginning of a 21-day account which on this occasion does not include any public holiday. These long accounts are (often regarded as contributing to rather restricted business in markets, but when- securities are active,, there is the eon.
sideration that they give the speculator a longer run before he is confronted with carry-over charges. If, however, these long accounts are occasionally productive of active buying at theft commencement, it follows, of course, that commen- stirate dullness is likely to ensue towards their close when speculators are anxious to close their commitments before the settlement.
Previous page
