Financial Notes
MARKETS DEPRESSED.
APART from grit-edged securities, which have remained fairly steady, the stock markets during the past week have, for the most part, been in a depressed condition. There has been no change in monetary conditions, and that circumstance is partly responsible for the firmness of investment stocks. On the other hand, most departments of the Stock Exchange have been dominated by international influences, and it would he difficult to exaggerate the importance which the City attaches to the outcome of the Lausanne Conference. Such being the case, a further disturbing factor during the past week has been the political crisis in Germany, because it is naturally felt that a stable Government, with representa- tives to go to Lausanne, is vitally important at this juncture.
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