Financial Notes
QUIETER MARKETS.
THE Stock Markets have been quieter during the past week, which is certainly not surprising if we consider the excited movements during the last month. Not only has attention been concentrated upon the progress of the conversion of the War Loan, but with the Lausanne Conference at an end, the market has had little to go for in the shape of anticipations of big developments, though, of course, keen interest is taken in the Conference at Ottawa with its possible effect upon the trade outlook. Meanwhile, however, the chief factor operating upon markets is the cheapness of money and expectations of its long continuance, while it is possible, too, that purchasers of gilt-edged securities are looking for a further fillip in a few weeks' time by some favourable announcement with regard to what has been accomplished during the month of July in the matter of converting the 5 per cent. War Loan.
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