25 MAY 1934, Page 42

Financial Notes


THE tone of the Stock Markets after the Whitsuntide holidayi has been a fairly cheerful one, and in spite of the unsettled outlook in many foreign countries, especially in Germany, prices of Public Securities have been well maintained. More- over, there are indications of considerable activity- in the matter 'of New Capital Issues, and I should not be surprised if between now and the August holiday season we were to see a great number of New Issues of Capital, and also of Con- versions of outstanding Debentures into new Debentures carrying lower rates of interest. Activity in the Stock Markets themselves seems to centre at the moment in some of the speculative desc ip ions, and the principal feature is the continued strength of Gold Mining Shares.