FINANCIAL NOTES
POLITICAL ALARMS.
THE Stock Markets during the past week have been dominated by fresh 'anxieties as to international affairs. In particular the prospect of war between China and Japan has occasioned a considerable fall in the securities of both countries, and it must be remembered that both Chinese and Japanese bonds are held quite extensively by investors here. Moreover, there has, naturally enough, been keen anxiety with regard to the latest developments in connexion with the Spanish situation, and it is certainly not surprising that markets should have been dull. It is the less' surprising because *e are now rapidly approaching the height of the holiday season, and there is little disposition to increase speculative, commitments. Oia'the *hale,' the firmest -spot has been that for some of the Transatlantic shares, including United Steel, for the labour outloOk in 'America-,' so it is said, has slightly 'improved: * * .* _*
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