3 MARCH 1928, Page 52

Financial Notes

QUIETER MARKETS.

THE Stock Markets during the past few days have been slightly affected by a rather firmer tendency in the Mony Market. That tendency has been mainly due to the operation of temporary factors such as the ingathering of the revenue and credit displacements, connected with the disbursement of Home Railway dividends, and end of the month requirements. By the end of this week, however, supplies of credits are likely to be increased by fairly heavy Government disburse- ments, and unless—which I scarcely anticipate—there should be a recurrence of French demands for gold, the monetary outlook may be described as unchanged. Meanwhile, although business has slackened a little, the undertone of most markets keeps very firm, the feature in the industrial group being the continued activity and strength of the Gramophone group.