Financial Notes
LESS ACTIVE MARKETS.
THIS week began with distinetlY less buoyant conditions in the Stock Markets, reflecting a less bullish State in Wall Street, the decline having been most pronounced in Inter- national securities, such as International Nickels and the Gramophone group. This dullness apparently has come about as the result of anticipation in Wall Street of February's traditionally easier markets, but no great amount of liquidation has occurred, for the total of money lent in Wall Street shows no reduction, although rates for brokers' loans at call have come down to about 6 per cent. Investment sections in the London Stock Exchange maintained their firmness fairly well, although gilt-edged stocks have been inclined to recede a little on the continued uncertainty of the monetary outlook which has been emphasized by the resumption of gold ship- ment,s to New York.
Previous page
