28 JUNE 1930, Page 45

INDUSTRIAL STOCKS WEAK.

Moreover, although the depression has been most pro- nounced in securities dealt in on American account, and although British Funds and kindred stocks have been fairly well maintained, another unfavourable feature in the situation is the continued fall in many English securities in any way affected by the general economic conditions of the country. It is in these directions that Mr. Snowden's Budget has done much harm in impairing confidence, while matters have not been improved by the evident signs of chaos in domestic politics. Home Railways in particular remain a depressed snot and the depression is not confined to the Ordinary stocks but extends to many of the prior charge issues. * * * *