FINANCIAL NOTES
MARKETS QUIET BUT STEADIER.
APART from British Government stocks and kindred securities, the Stock Markets have been quiet during the past week. On Monday and Tuesday business was restrained by reason of the Continental Bourses being closed, while on Tuesday the Wall Street markets were shut. The strength of gilt- edged securities, however, has been noteworthy and has been due partly to the growing belief in a continuance of the policy of cheap money. Not the least interesting feature has been the steady improvement in prices of the scrips of recent Corporation issues, and this, in its turn, has led to a resumption of fresh Corporation Loans. Wakefield and Weymouth have both been borrowers and also in both cases the Loans have been in 31 per cent. form at the old price of tom per cent. For Wakefield the Loan was for Lsoo,000, while for Weymouth the issue, which was for £250,000, was placed privately. The speculative markets, although better and steadier than of late, are still under the disturbing influence of the recent heavy fall in American securities and in some of the Home Industrial shares. At the moment of writing, rumours are current of some further Corporation issues and also of a Conversion Loan for the Commonwealth of Australia to deal with maturing obligations.
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