Financial Notes
' AMERICA A MAItEET PACTOR.
THE First of May holiday which was observed as usual on the StOck Exchange on Tuesday had practically no effect in checking the general activity of markets. Nor, on Monday, did the rather serious news from Egypt occasion so much as a tremor in public securities, although time was when such a development, especially occurring at a imoment when the Stock Exchange was to be closed for a days would have dis- turbed nearly all sections of the House. Rightly or wrongly, international political developments do not seem to count for the moment as a factor.. However) on Wednesday, markets were cheered by the better news fromom Egypt, and also by a clearer revelation of the extent of M. PoincarS's victory, thus increasing the chances of an early stabilization of French currency. Activity in British Government stocks, too, has been stimulated by the 5 per cent. War Loan having been listed in Wall Street—in addition to the 4 per cent. Funding—while it is evident that no small part of the activity of our markets can be traced to American dealing.
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