The past week has been characterised by a great deal
of unrest and uneasiness on the Stock Exchange, and at one time it was feared that the settlement on Wednesday might cause something in the nature of a crisis. Fortunately, how- ever, these gloomy anticipations were not fulfilled, and the day passed without any sensational occurrences. The fall in the value of stocks which has taken place has been very great, but this fall has been due almost entirely to sympathy with the American market. The price of stocks is international, and the violent fall in New York was bound to have its effect here. It must of course not be forgotten that even should a recovery in Stook Exchange values be delayed for a consider- able time, and the situation as far as the Stook Exchange is concerned remain precarious, the crisis, or semi-crisis, is not a commercial one. There is no reason at present to suppose that general business will be injuriously affected. Trade prospects remain as satisfactory as ever.
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