AMERICAN SPECULATIVE T3UYINC.
In considering the outlook for some of the speculative markets it may be well, perhaps, to take note of the directions in which activity at the present time seems to be connected quite as much with American as with local buying. Whether the movement will go far or whether any concerted action is implied, it would be impossible to say, but it is rather curious to note the totally different kind of stocks which are affected at the moment by American buying. In the case of Mexican Government securities, some of which have risen during recent weeks, it is not altogether surprising that America should have given a lead, for presumably financiers in that country should be well informed concerning Mexican develop- ments. In the case of the spurt in oil shares during the past week, the movement appears to have been not only sympathetic with a rise in Pennsylvania crude oil, but also to have been due to some extent to American buying. And even as regards some of the low price Russian bonds which have risen a little during recent weeks, American quite as much as English buying appears to have been responsible.
A. W. K.
Previous page
