Financial Notes
HOLIDAY slackness in the Stock Markets is not infrequently - more pronounced during the first half of September than in the month of August, and during the past week dealings in public'-' securities have been restricted with an easier tendency- some of the leading industrial shares,- which have -advanced
excitedly during recent , months. The general undertone, however, keeps wonderfully good, considering the paucity of business, and perhaps the most interesting feature of the week has been,the steadiness of British Funds on the favourable reception given to the offer of new Bonds to replace those maturing on the 1st proximo. As will be seen from a subse- quent paragraph the offer met with a good response, and at the moment of writing the market is waiting with considerable interest details orthe Government's proposals for converting a number of obligations maturing in the early part of next year into the 3i per cent. Conversion Loan. These details will doubtless be available when this article appears.
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