, Financial Notes
MARKETS STILL BAD.
THE stock markets during the past week have been under the twofold influence of the flotation of the new Government Loan and the continued liquidation in Wall Street. The latter circumstance has, naturally enough, occasioned acute depression in Transatlantic industrial shares, and the dulness has more or less extended to other departments of the House. Nor is the comparative dulness of British Funds and kindred securities very difficult to account for, the very attractiveness of the new Conversion Loan tending to compete with existing Government Loans, while, in addition, the mere fact that the amount of the new Loan was unlimited in the matter of cash subscriptions has naturally kept other stocks down, the position being that until the subscription lists were closed, the public was able to help itself ad lib. to a 5 per cent. Govern- ment issue. Unless, however, there should be sonic untoward development in the monetary situation, I have little doubt that ere long British Funds will once again show a firm tendency.
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