Financial Notes
CHEERFUL MARKETS.
DURING the last week or so the stock markets have derived a stimulus from two quite different quarters. The boomlet in Wall Street, although it has now moderated, has left prices a good deal higher than a few weeks ago and some portion of the prices of commodities has also been retained. This circumstance is rightly regarded as a favourable development, and it is all to the good that the movement has shown a tendency during the last few days to be of a more restrained character. The investment markets have, of course, received a great stimulus from the great success of the War Loan Conversion operation to which I refer more fully in a separate article. Home Industrials, including shipping shares, have also been rather better but the Textile group has been over- shadowed by the threatened strike in the Cotton industry.
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