Financial Notes
IDLE MARKETS.
NOTWITHSTANDING the fact that the Committee of the Stock Exchange have now restored the facilities for- dealing for the new account instead of strictly for cash, business in the Stock Markets during the past week has been decidedly restricted. Some allowance has, of course, to bf made for the period of the year, but I think the -Plain explanation of the present stagna- tion and comparative dullness is to be found in the fact that there has been much in the developments of recent weeks, such, for example, as the result of the election, which has encouraged some speculative purchases for the rise, but now that these excitements have subsided for the moment we are left to face the stern facts-of the situation as represented by unsettlement in international finance and, politics, the Manchurian crisis, the situation in India, the position in Germany, to say nothing of our own formidable task of pursuing relentless economy to secure balanced Budgets. Some of the Industrial shares have improved a little during the week on.some vague ideas as to the stimulus which may be given by -tariffs to our home trade, but, speaking generally, it has been rather a case of marking time in most departments of the House, while continued dull- ness of the sterling exchange and the maintenance of a six per cent. Bank Rate have had a rather depressing effect upon British Funds and kindred stocks.,
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