FINANCIAL NOTES
MARKETS QUIETLY STEADY.
CHRISTMAS week is seldom an active one in the Stock Markets and the past few days have proved no exception. Never- theless, the steadier tone noticeable during the previous week has been well maintained and there is a general feeling that, partly by reason of the formation of the recent invest- ment trusts and partly because of the more attractive level of prices, any recession of prices is likely to find a fair amount of support. Home Industrial shares have been favour- ably affected by the generally satisfactory character of the annual reports, while there is considerable hope—more hope, perhaps, than conviction—that business in the United States will show a considerable recovery in the New Year, with helpful repercussions in this country.
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