Financial Notes
CHEERFUL MARKETS.
ANXIETY with regard to the coal situation has checked activity in some departments of the Stock Exchange, but, speaking generally, the firmness of high-class investment stocks and the activity of some of the Speculative Markets remains. As regards investment stocks, the slightly easier conditions in the Money Market and the absence of any rise in the New York Bank Rate have been among the favourable influences operating, while the idea has also prevailed that the Government's offer to convert the Treasury Bonds maturing next February has met with a very good response. In the Specula- tive Markets a considerable stimulus to Oil shares was given by the very fine dividend and bonus distribution by the Anglo- Persian Oil Company, and elsewhere the continued rise in Tin has stimulated activity in Tin Mining shares.
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