4 JANUARY 1930, Page 38

Financ i al Notes


FoLLowniu upon the depression during the greater part of December, the stock markets wound up the year in tolerably cheerful fashion. End of the year liquidation usually terminates a few days before the actual end of December, and there is not infrequently a certain amount of buying of stocks during the closing days of the month in anticipation of easier mone- tary conditions in January. On this occasion, too, investment stocks were helped by the fact of the Bank of England receiving a considerable amount of gold, and British Funds and kindred securities left off on Tuesday night with a fairly firm appear- ance. Business in the more speculative markets was restrained, but even industrial shares rallied a little on a steadier tone in Wall Street, and Home Railways were supported on dividend hopes.