Investment Notes
By CUSTOS
TuE feature on the Stock Exchange this week 11 was the weakness in government bonds on the threat of dearer money. The slide in Wall Street also adversely affected the equity share markets. The discount on the New Throgmorton Trust 'capital and income' shares indicated that the public had become tired of these ingenious issues. Yet another one is coming. Perhaps the most defensive market is in oil shares. It appears that the in oil profit margins is coming to an end. The price structure in Europe has been helped by drying up the sources of cheap oil from Libya. American reports refer bullishly to the improved outlook for the domestic oil companies in the United States. With consumption steadily increasing and with oil prices more stable, the earnings of the oil companies this year should out-perform industrial companies.
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