Financ i al Notes
INVESTMENTS FIRM.
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.
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