20 AUGUST 1927, Page 28

Financial Notes

HOLIDAY MARKETS.

Ii, I were to employ the current language of the Stock Exchange, I should have to say there was practically " nothing doing " in any market, and that business, in fact, was more or less at a standstill. I do not think; however, that would be a really accurate description of the Stock Exchange. I should be more inclined to say that so far as gilt-edged stocks were concerned, it was a case of marking time, with transac- ' tions strictly confined to a few investment purchases coming upon markets where the supply of stock is small. In other directions, however, and notably in the markets for Industrials and Rubber shares, there is a very•keeri disposition to pick up bargains and, moreover, to continue to speculate in a few favourite counters such as British Celanese, Courtaulds, and some of the shares in the Tobacco group. One even hears of new companies being-formed to take up tht new sport of _greyhound racing, but popular as that sport has proved to be at the White City, I suggest that any propositions in that direction should be studied with very great care.