Financial Notes YEAR-END INFLUENCES.
WITH the opening-of the last complete account of the current year, the Stock Exchange has taken On -a -definitely quieter. appearance. Preparations for Christmas.' haVe evidently diverted the interest of the investing Pilblie'from. securities, and the City is showing its customary disinelination to Under- take new commitments in view of the aPpirOaCli of the end of the year. As usual when business decreakS,; quotations in some markets have been easier, but declines, where they have occurred, have been quiteModerate. This points to the exis- tence of a sound market position, and confidence in the future trend of quotations. In the gilt-edged market the posi- tion is all the healthier Tor the recent set-back. 'Prices for British Funds have moved without any decided tendency; and speculation has been less in evidence : the rather erratic move- ment of prices during the past week have suggested exchanges by large holders from one Government stock to another. The support which has been forthcoming for gilt-edged stocks on any appreciable decline seems to -reflect the view in the City. that there is no immediate likelihood of a change in the easy, monetary conditions which have raised quotations to their pregent'16ve14`
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