FINANCIAL NOTES
- QUIET MARKETS.
, The Stock Markets have been rather quiet during the past week, and in that respect have presented somewhat of a con- trast to the conditions which frequently characterize the iclosing of a year. There are, however, one or two simple 'explanations for the quietude of markets. In the first place, some of the speculative, issues, and more especially Rubber shares, have experienced a natural reaction after the pro- longed boom, while even the date of the fortnightly settlement has played its part. Usually, the final settlement of the year 'finishes just after Christmas and impetus is given to dealings during the final days of the year by the fact that the operations are for the" new" account. This time, however, the position has been that the final settlement of the year finished more than a week before the Christmas holidays, while December '31st practically marked the end of the account, so that, with the House closed on Friday and Saturday last, it was a case of adjusting speculative positions for the coming settlement !rather than commencing dealings for a new account.
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