FALL IN GOVERNMENT STOCKS.
APART from some revival of speculative activity in West African Mining shares, this has been a week of depression on the Stock Markets, with a further material fall in British Government securities and kindied stocks. The predominant influences have been the continued heavy selling of the 3 per cent. Conversion Loan by those who over applied for the issue and the anxiety with regard to the problem of War Debts to America—a matter with which I have dealt very fully in the preceding article. Home Railway Ordinary stocks have been fairly steady, and although the improvement may be very slight, there have not been wanting signs of increased activity in certain of the Home industries, and, indeed, the Foreign Trade Returns for October were somewhat more favourable than those of recent preceding