Financial Notes
HOLIDAY MARKETS.
THE approach of the Christmas holidays has had the usual effect of restricting dealings in the stock markets during the past week. On the whole the tone has been fairly good, but British Government securities have suffered a further setback owing to the firmer rates for money. I quite expect, however, that with the turn of the year money rates will again become easier, and I should not expect the setback in British Government stocks to go very far. A recovery, in fact, seems likely ere long. As regards other departments of the Stock Exchange there seems to be an increasing dis- position to seek the better class of Home Industrial shares, but the market for English Railway stocks is still under a cloud owing to apprehensions with regard to the approaching dividend announcements.
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