13 AUGUST 1927, Page 24

Financial Notes


THERE has been quite an important financial development during the past week. For some weeks past the Stock Markets, especially the gilt-edged section, have been over- shadowed by two influences ; one was the -continued stream of capital creations, and the other was the apprehension that the adverse tendency of the American exchange and the efflux of gold abroad might result in apprehensions of a rise in the Bank Rate. As regards the first of these points, the holiday season has brought the usual cessation of fresh capital issues, and that circumstance in itself has tended to strengthen the market for investment stocks.

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