FINANCIAL NOTES
HESITATING MARKETS.
There has been little in external influences to help the Stock Markets during the past week or two, and it says much for their fairly sound technical condition that prices of leading stocks should have been so well held. Undoubtedly one of the chief causes of stagnation is the recognition of the many important factors likely to operate in the near future. As regards international politics, for example, it is only natural that the profound anxiety concerning the Locarno Pact should have tended to restrain business, while as regards domestic affairs the imminence of the Report of the Coal Commission has also been a restraining factor. When to these circum- stances is also added Budget uncertainties, it is scarcely surprising that professional operators, at all events, should be holding their hands for a while.
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