Financial Notes
MARKET CONDITIONS-0O3IB I NES.
• The influences to which I referred last week—namely, end of the year liquidations—have continued to operate on the Stock Markets during the past week. With the commencement of a new fortnightly account, prices in some directions rallied a little, and latterly Rubber shares have been inclined to recover after their prolonged decline. News from China has continued to affect the markets, and some of the leading stocks of that country have fallen pretty heavily. On the other hand, high-class Investment stocks have been wonder- fully well maintained, a circumstance all the more noteworthy in view of the constant fresh issues of capital. Industrial quotations have also been well responded to, but the Market is beginning to feel that big deals, especially in the Drapery trade, are becoming larger and more frequent than is desirable. Whether viewed from the standpoint of a monopoly affecting the consumer, or even from the standpoint of the prospective shareholder, the movement, I think, now requires very careful watching.
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