Financial Notes
HESITATING MARKETS.
Although it would be possible to point to several industrial shares which have risen substantially during the last week or ten days, the stock markets as a whole show a rather hesitating tendency. High class investment stocks have remained fairly steady, but even in that direction there has been just a little yielding in prices owing to foreign gold demands and uncertainty as to whether these demands may develop into something approaching a serious autumn drain. Speaking quite generally, it may be said that a good many are wondering for just how long we are to have continued activity in Stock Exchange securities, and especially in the securities of what may be termed luxury industries, together with activity in new capital issues, while at the same time the heavy industries of the country remain depressed.
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