FINANCIAL NOTES
HESITATING MARKETS.
SEMI-SPECULATIVE rather then purely investment activities characterize the Stock Markets at the moment. Dealings in what may be termed the main sections of markets, such as high-class investment stocks, foreign Government securities and home railways are, in fact, restrained by the peculiar uncertainties of the outlook. Thus, investment stocks are kept back by uncertainty as to whether the gold efflux may assume dimensions sufficient to occasion still higher money rates. Foreign stocks are held back by the French crisis and home railways are restrained by trade depression and the Labour outlook. On the other hand, the trade depression notwith- standing, there are some industries in the country which are in prosperous condition and speculation in shares connected with such industries is fairly active, while there is also a good deal of interest in Oil and Rubber shares, and even in some of the mining descriptions.
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