Financial Notes
WEAK MARKETS.
MARKETS opened the current week in decidedly dull fashion, due mainly to the after-effects of the Hatry crisis in the previous week and the advance in Bank "Rate. For the investor and speculator both have been inclined to abstain from making purchases in the uncertain conditions, and so sales on the part of those who have liabilities to meet in various directions have had a severe and perhaps undue effect in forcing down prices. The genuine investor should not, however, be disturbed by depreciation attributable purely to the technical position of markets, and it is in such times that securities, whose intrinsic merits have not been disturbed by happenings else- where, are to be obtained on decidedly more favourable terms than is possible under more active conditions. A firmer tendency of the American Exchange gave rise to hopes that the 61 per cent. Bank Rate will prove effective, and 'a slight improvement became noticeable later as regards gilt-edged stocks. But until the settlement of- the Hatry group is out of the way markets are not likely to show much resiliency for the shock they have suffered has been a severe one.
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