Financial Notes
QUIET MARKETS.
So far as the speculative markets are concerned, and notably as regards the Transatlantic industrial shares, dealers on the Stock Exchange may be said to be marking time pending further developments in the United States. For the time being the panicky selling in Wall Street has stopped, but rightly or wrongly the market is looking for a continuance of liquidating sales, and with the exception of one or two stocks, the disposition here is to stand aloof. High-class investments stocks are well maintained on the whole, and the scrip of the new Conversion Loan remains firm. Long-dated Government issues, however, have not yet entirely recovered from the shock administered by the indiscreet observations of the Secretary of State for War.
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