20 DECEMBER 1930, Page 32

Financial Notes


The early part of the past week was characterized by conditions of extreme depression on the Stock Exchange. Financially, the main depressing influence came from the other side of the Atlantic where banking failures and con- tinued liquidation in Wall Street had a considerable effect on markets here, which were already sensitive by reason of adverse influences both local and Continental, while, naturally, the sudden outbreak of a serious revolutionary movement in Spain exerted a considerable influence upon markets. The decline during the week was most marked in the more speculative descriptions, such as Transatlantic Industrial shares, Oil and Mining shares and Foreign Securities dealt

in internationally. * * * *