FINANCIAL NOTES
SECURITIES QUIET.
PENDING a clearer monetary outlook, the Stock Markets con- tinue to mark time. Easy discount rates have helped to keep high-class investment stocks firm, while, in spite of the com- paratively small volume of dealings, other markets keep wonderfully steady. thanks very largely to sound technical conditions. Nevertheless, such circumstances as the situation
in the coal industry, the unsatisfactory currency position in France and the slowness with which gold comes into the country, to say nothing of the prospect of further large foreign loans and domestic capital flotations, impart sufficient uncer- tainty to' markets to restrain business. Moreover, at the moment of writing, even gilt-edged stocks have been damped a little by the sudden announcement of a London County Council Loan for £7,000,000 in 5 per cents. at 991. * * * *
Previous page
