Financial Notes
QUIET MARKETS.
ALTIIOUGII the general tone of the Stock Markets remains hopeful, business during the past week has been somewhat restricted owing to the uncertainty which has been felt as to the precise effect likely to be produced by President Roosevelt's currency proposals. In financial circles here the (Continued on page 140.) Financial -Notes (Continued from page 1-38) attitude is still of a reserved and, cautious character, but it Ji recognized that-the President's plcins have been favourably received on the other side of the Atlantic ; and that filet, together with the personkl popularity enjoyed by President Roosevelt, has given a feeling of confidence which should be -helpful to some further revival of busiriess in the United States. In fact, if I were to put the situation in a sentence, I. should say that the view still prevails here that so far as the outlook for the next few months is concerned, there is reason for -anticipating a further revival in trade both in America and -elsewhere. On the other hand, when taking a longer view, there is some fear lest President Roosevelt's methods be found to be unsound, and that, should the pressure of increased national expenditure weigh too heavily upon the community,. there may be some reaction at a later date. Naturally; toe; there is a good deal of uncertainty as to the effect .which the President's policy may have upOn'the trade of other countries. but, as will be seen from a previous article,- some leading bankers are inclined to the view that these Apprehensions may be unfounded; or, at all events, exaggerated.
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