Financial Notes
RELAPSE LN RUBBER SHARES.
WITH few exceptions the various departments of the Stock Exchange have been quiet during the past week. -Dealings have doubtless been restricted by the approach of Whit- suntide, though there are many indications of preparations for a considerable increase in activity, especially in the matter of new capital flotations, after the holidays. The markets have also been somewhat disturbed during the week by anxiety concerning conditions at some of the foreign centres, including Germany and the Far East, while the revival of the War Debts controversy has had a depressing effect upon Wall Street. In the Speculative Markets, a by no means surprising feature has been the setback in Rubber Shares. A .week ago, when referring to the boom which was then taking place in the shares, I sounded a note of caution and expressed the opinion that a setback was desirable in the interests of a sound market. That setback has taken place during the week, both in the commodity and in prices of the shares, the decline being accentuated to some extent by announcements indicating that the progress of restriction would be a very gradual one. This, however, is undoubtedly the course which should be pursued, and taking a long view, and always on the supposition that sooner or later we shall witness a revival in the world's trade, I do not think that holders of the shares of sound Rubber Companies should be at all discouraged by the setback of the,past week.
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