Financial Notes
kr the beginning of the week the stock markets opened firm on hopeful views with regard to the developments at Lausanne. British Funds and kindred securities were especially strong owing to the additional influence of cheap Money, but most markets, including some of the foreign loans, showed a better tendency. Later in the week, however, the news from Lausanne was regarded somewhat less favourably and prices in nearly all departments reacted. For the moment Lausanne is, in fact, the dominating influence upon markets and should developments in that direction take an unfavourable turn there is little doubt that almost every section of the Stock Exchange would be affected. It may be hoped, however, that the very fact of the seriousness of the position may bring about a united action at Lausanne designed to restore both political and financial confidence. Such -revival (if confidence is evidently required as much in the United States as here, for the situation on the other side of the Atlantic continues to be most unsatisfactory with regard to figures of unemployment.
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