Financial Notes
INVESTMENT STOCKS RISE.
IT is some time since the Stock Markets have experienced such violent fluctuations in prices as those which have occurred during the past ten days. Until the great slump occurred in Wall Street, to which fuller reference is made in a separate article, the Stock Markets here were quiet, with an improving tendency on the whole, owing to the more favourable `movements in the American exchange. When the crash occurred in Wall Street, Anglo-American industrials fell here heavily in sympathy, and, indeed, it may be said that the speculative and semi-speculative markets generally sympathised pretty fully with the break in Wall Street. - On the other hand, the liquidation on the other side- of the Atlantic, increasing expectatiinis -of ensiei money rates in New York, and an improvement in the international monetary situation generally, prompted a further considerable rise in British Funds and kindred securlties, so that a few days ago it was quite evident that dealers were pretty busy discounting the possibility of a reduction in our Bank Rate. More sober views, hoNyever, prevailed later, and when the second stage of the Wall Street slump arrived, it found markets here in a more chastened mood and disposed to recognize that whatever might be the ultimate developments in the international monetary situation, the Wall Street slump would probably have a disturbing effect generally for a little time to come.
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