31 DECEMBER 1937, Page 30

FINANCIAL NOTES

DULL MARKETS.

IT is by no means unusual to find the Stock Markets quiet in the few days immediately following Christmas. This year there have been two circumstances emphasising the stagnation and also occasioning some dulness. In the first place, with the fortnightly settlement extending into January, it has not been possible to " deal " for the first Account in the New Year, and, in the second place, renewed depression in the New York Stock Markets has been reflected in a further decline here in

American securities and in most of the leading commodities.