Financial Market Notes
IRREGULAR MOVEMENTS.
ALTHOUGH in some respects the Stock markets might be described as cheerful in tone, especially having regard to the period of the year, it would be a mistake to allow the buoyancy of some of the more speculative industrial descriptions to obscure the fact that the movements in stocks at the present time are by no means entirely in the one direction. Speaking generally, high-class investment securities keep as firm as a rock, but, with that exception, price fluctuations are of a decidedly irregular character, and notably the continued depression of Home Railway Ordinary Stocks is becoming a matter of increasing concern. Even in the industrial groups themselves, however, the movements are by no means entirely in the upward direction, artificial silk shares having reacted considerably during the past week, while the oil market has been dull, and rubber shares have been actually weak. On the other hand, it is satisfactory to note the rather better tendency in the shipping group, and an outstanding feature has been the great strength of Mond Nickels, which have risen during the week from about 41 to 5.
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