Financial Notes
MARKETS QUIETLY FIRM.
EASIER monetary conditions, satisfaction with the Budget, and the belief that the chances of Labour at the Election may have been weakened by Mr. Snowden's speech, may be said to have been largely responsible for the continued cheerfulness of markets during the past week. In particular, British Funds and kindred stocks have shown marked strength, some further moderate additions having been made to the Bank of England stock of gold, though, carefully considered, there has been, perhaps, scarcely a sufficient change in the monetary situation to warrant optimistic views, for the American Exchange still remains at a very low level. In some directions, and notably, perhaps, in the Industrial section, there has been some revival of activity, while indica- tions are not wanting of fresh stirrings of activity in new capital creations. A revival of hopes concerning the outcome of the Reparations Conference played some part in the markets on Monday, and there is little doubt that a favour- able or unfavourable outcome of that Conference may easily prove to be a considerable factor affecting markets in the near future. * *
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