Financial Notes
MARKETS QUIETLY CHEERFUL.
WE have now reached the period of the year when business on the Stock Exchange is popularly supposed to be non- existent. The financial magnates arc for the most part abroad or on the Scottish moors, while the ordinary small investor is supposed to be paddling at Margate or elsewhere. And yet, I seem to remember years when August has been by no means an unfruitful month on the Stock Exchange, a fact which I think depends very largely on whether there are what may be termed any reasonably " safe " depart- ments to operate in, by which I mean departments where prices have fallen to a level that risks attending purchases are comparatively small, while there is always the chance of a movement being started which will gather strength and prove a bait to the general mass of investors when they return in late September. It would be difficult, perhaps, to speak of many directions at the present time where these conditions apply, but it would not be very sir- prising, perhaps, if—always assuming the absence of fears _.pf all troubles—smite of the cheaper railway stocks were picked up and if a certain amount of attention were to be given to some of the better-class rubber shares which have fallen to an attractive level.
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