3 FEBRUARY 1933, Page 33

Financial Notes

THE MINING ROOM.

THE principal feature of the Stock Markets at the present time is the boom in Mining shares. In other markets the tone has been of a somewhat hesitant character ; the political crises in France and Germany have had a dis- turbing influence, while the Chancellor of the Exchequer's speech at Birmingham emphasizing the greater importance of attaining a balanced Budget even if it were impossible to reduce taxation had a somewhat damping effect upon the market for gilt-edged securities, although it was well received by banking circles. At one time earlier in the week British Funds rallied generally, but for the reasons- just mentioned part of the rise was subsequently lost.

• • * *