Financial Notes
DULLER MARKETS.
TEE long fortnightly account on the Stock Exchange, which, at the time of writing, is drawing to a close, has fulfilled the unfortunate reputation which usually attaches to accounts. In the Gilt-edged section prices have declined a little under the lead of British Funds, which have been adversely affected by the Government's Conversion proposals to which I have already referred. Home Railways continue to be a friendless market and, for the reasons I have often set out in these columns, no revival seems likely until there is a more confident feeling that the industry will be established on a satisfactory basis. In the most active section of the House, namely, in Miscellaneous and Industrial shares, there have not been ,wanting signs of some unwieldy Bull positions, and realization of these has occasioned a setback in many of the popular counters. There have been some exceptions, however ; in particular the gamble in British Celanese continues, the 10s. shares having been driven up to no less than £4 5s. per share. Finally, in the speculative departments the outstanding feature has been the weakness of rubber shares following a further serious fall in the price of the commodity.
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