FINANCIAL NOTES
CHEERFUL MARKETS.
WITH the exception of Home Railway stocks, which have been adversely affected by the circumstances referred to below, the Stock Markets during the past week have ,been distinctly cheerful and, not by any means for the first time, it looks as if the holiday month of August might see a fair amount of activity in the Markets. An outstanding feature of the week has been the very general recovery in South African Gold Mining shares, and at the other extreme of the market British Funds and kindred securities have also advanced. Cheap money and abundant signs of large investment resources have been chiefly responsible for this advance, which has been well put to the test during the last fortnight in the number of new capital issues of the investment type, nearly all of which have been rapidly absorbed.
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