Financial Notes
AN UNCERTAIN TENDENCY.
THERE has been rather less business passing in the stock markets during the past week and a rather hesitant tone has characterized most departments, the principal exception being, perhaps, Brazil stocks which have been favourably affected by satisfactory cables from Rio and by the official recognition of the new Brazilian regime by the British and United States Governments. The upward movement in gilt-edged securities has been checked by realizations on the part of professional operators and by more stringent conditions in the Money Market, together with the continued flow of gold from this country to France. Elsewhere the speculative markets have also been adversely affected by a number of influences, the
chief among which have been the depression both in Wall Street and on the Paris Bourse, while Oil shares in particulai have fallen on fears of something like an oil war between the big producing companies.
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