29 OCTOBER 1937, Page 54

FINANCIAL NOTES

UNSETTLED MARKETS.

1 HE extent to which developments in the Stock Markets are still closely linked with developments on the other side of the Atlantic has been again amply demonstrated during the past week, and at the moment of writing markets are rallying generally on the somewhat excited rise which occurred in Wall Street on Monday evening. At the same time, the movements in American securities during recent weeks have been of so erratic a character that it will probably take some time before the markets here can rely upon stability in prices for American shares. Meanwhile British Funds and other high-class securities continue to show successful resistance to the influences which have adversely affected other markets.