Financial Notes
STEADY ALTHOUGH there has been little evidence of a definite strength- ' ening of the stock markets, the tendency generally has been quite steady. British Government stocks and .similar high- (Continued en jiage 648) , , Financial Notes (Continued from page 646.)
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class securities have again been the mainstay of markets as a result of the continuance of easy monetary conditions, and were only temporarily affected by the announcement of the new Indian 5 per cent. loan for £10,000,000. The effects of the new import duties had been discounted some time previously, and industrial shares failed to respond further. Oil shares, which had been depressed by the Continent, sustained a good re- covery following the V.O.C. dividend announcement. For the most part, however; markets continue under the influence of the parlous financial condition of some of the Central Euro- pean countries apart from other factors such as the Nazi successes in the Prussian elections. •
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