13 NOVEMBER 1926, Page 34


The firmness of Investment Stocks is undoubtedly partly connected with a more hopeful feeling with regard to the monetary outlook. It cannot be said, of course, that appre- hensions of a rise in the Bank Rate during the autumn or winter months have passed, but they are somewhat less pro- nounced than a few weeks ago. The Oil market undoubtedly received a real stimulus from the excellent results recently disclosed by the Anglo-Persian Company, and it would not be surprising if the movement made further progress. Similarly I find a hopeful feeling in the Rubber section, as-it is felt that the recent decision by the Colonial Office with regard to the output generally leaves the situation clearer than for some time past, and during the past week the price of rubber has tended upwards, while in the share market, though far from active, has been firm in tone.