Financial Notes,
'CHEERFUL MARKETS.
: continued firmness of most sections of the stock market lie face of a certain number of adverse factors is rather arkable. It is true that hopes are still entertained of a fiction in the Bank Rate a little later on, but unquestionably outlook has been somewhat obscured for the moment by the elopments in China, and by the adverse movements-of the erican exchange occasioning continued- gold withdrawals this country at a moment when it had been hoped that should have received a fair amount from abroad. Then regards gilt-edged securities, the firmness is the more king in view of the number of flotations of new capital. ) Trades Facilities Loans, were issued at the beginning of week involving, an aggregate amount of over 23,000,000 ' per cents. -at- 1001, and the issue was quickly oversub- Jed. It is true that both loans carried a guarantee ,by British Government, but it must not be forgotten that-a (lays earlier the Bournemouth Corporation also succeeded placing a loan of £750,000 at a similar price. Nor, with exception of English rails which are under the shadow orthcoming dividend announcements, have other markets to show cheerfulness during the past week, the feature he speculative sections being the activity and strength of hares.
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