Financial Notes
CHEERFUL MARKETS.
Is another column I have dealt with the importance which attaches to such matters as the steady rise in the price of gold and the fall in the value of the pound as expressed in French currency. Not merely the man in the street, however, but even the Stock Markets as a whole refuse to be disturbed by these exchange and currency developments and, indeed, the market for Gold Mining shares is naturally stimulated by the rise in the price of the metal. During the past week there has been a further rise in the shares of Gold Mining companies. The advance is helped by the fact that profits for the past month are to be calculated at the high price of 188s. per ounce for gold, which is the highest point at which these calculations, so far, have been made. Most of the other departments of the Stock Exchange have also been firm, and activity is stimu- lated by the fact that we have now reached what is usually reckoned to be the peak of the holiday season.
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