2 DECEMBER 1922, Page 54

FINANCIAL NOTES.

I have already referred to certain indications of some revival in business activity, and these same indications are confirmed by the success which continues to charac- terize most of the fresh issues of capital. In Monday morning's papers fresh issues of capital for industrial purposes to the extent of over £4,000,000 were announced, and the greater portion of these issues was subscribed within two days, the subscription lists in two cases, indeed, only being open for a few hours.