12 JUNE 1926, Page 45

FINANCIAL NOTES

CHEERFUL MARKETS.

WITH the exception of English Railway stocks and some Iron and Steel issues, the Stock Markets remain impervious to the influence of the coal stoppage. -Or, ratter, it might be said that the continued depression of trade, the possibility, of comparatively- easy money as a result of that .depression, and a general diversion of capital from trade to finance, tends actually to stimulate certain markets. Reference is made below to the success which has attended new capital issues, and, in addition, there has been a fair amount of activity in popular industrials such as shares in the Tobacco group, Courtaulds and some of the Oil shares, while for the past few weeks a feature in the speculative markets has been the activity in some of the South African and Rhodesian Mining issues.