Financial Notes
STEADIER MARKETS.
Towards the end of last week high-class investment securities suffered a considerable setback, due, in the main, to a rather firmer tone in the London money market, Budget apprehensions, and liquidation of some weak bull positions. Even on Monday the gilt-edged market opened distinctly dull, but before the end of the day the tone had completely changed, and at the moment of writing the outlook for mvest- ment stocks is what may be termed reasonably good—that is to say, the prospects seem to favour steadiness of prices with, perhaps, a tendency towards some further appreciation, though I cannot help thinking that such appreciation—caused by • easy money conditions—may be restrained by activity in new capital creations.
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