Financial Notes
ACTIVE INDUSTRIALS.
CHEERFULNESS, with considerable activity, has characterized the Stock Markets during the past week, but attention has again been chiefly directed to the industrial section. In that department the activity may be said to have been of two kinds. A recovery, for example, in the shares of shipping companies and in sonic of the shares of the iron and steel companies may, I trust, be fairly attributed to legitimate hopes of a moderate improvement in trade itself, and certainly as regards shipping the outlook for freights seems to have brightened somewhat, partly in consequence of the very large actual and prospective shipments of grain and produce from South America. The other direction, however, in which there has been marked activity has been in the artificial silk group, where, without any disrespect to the various concerns involved, the move- ment must be described as of the gambling character.
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