23 NOVEMBER 1929, Page 52

QTJIET MARKETS.

Less business with'a steady to dull tendency in Securities has eharacferized the Stock Markets -during the past week' Following the panicky fall of prices in New York, there has _come a somewhat steadier tone, with, so it is reported, a greater measure of confidence. It is pretty plain, however, that the panic was a severe and Widespread one, for it required on one and the same day such heroic measures as a reduction in the Federtil Reserve 'Bank Rate, the unexpected remission. of about 130,000,000 in taxation_ by__the Government, and an extra dividend bonus by one of the big industrial companies to bring about a better state of feeling. It seems now to be generally anticipated that dull and sagging markets may be the order of the day in Wall Street for some little time to come. As a consequence of the weakness in Wall Street, most industrial shares have shown an easier tendency, and in the Mining Market Rhodesians have been dull, ••

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