Financial Notes
MARKET DEPRESSION.
THE Stock Markets have been completely dominated during the past week by the Abyssinian crisis, and prices have fallen in most departments. Depression has been particularly marked in British Funds, many of which now stand at the lowest prices of the present year. Industrial shares have also suffered from realisations, but the decline has been less marked owing to the many favourable factors as regards domestic conditions. In the speculative markets, however, South African Gold Mining shares have been affected by the dullness of the Paris Bourse and in the Foreign Market Euro- pean stocks have naturally been depressed, the movements including considerable declines in Italian Bonds. On the other hand, Brazilian Loans have been exceptionally firin, advices from Brazil indicating some improvement in the economic situation. Transatlantic shares, too, have held their own owing to Wall Street support, while outside the market for securities a feature has been the steady rise in commodities, especially in wheat, while among metals tin and copper have risen.
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