Financial Notes
INVESTMENTS AND OIL SHARES BETTER.
THE week has been a fairly active One on the Stock Exchange, the outstanding feature being the fact that dealings have been most active in what may be described as the extremes of the market. For reasons dealt with more fully in a separate article, there has been a revival of interest in high-class investment stocks while, on the other hand, the low price to which oil 'shares have fallen has attracted a good deal of speculation to that market where rumours have also been current as to the possible termination of the oil war in connexion with the purchases of oil from Russia. In the industrial market the feature has been the jump in Courtaulds on the dividend and bonus. There has been no slackening in the activity as regards capital issues, and nearly all have met with considerable success. In the near future one or two foreign loans are expected, and before this note appears in_print there is little doubt-that the large issue of debentures by the Northcliffe Newspapers will have been oversubscribed.
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