Thus, while these are the impressions given by individual brokers, the real situation' appears to that the November settlement, has not been. met, that certain obligations have not been discharged, though only for comparatively small amounts, and that this may possibly Jead to serious complications with regard to the December settlement.
While appears to be the actual position, we do not desire to convey a wrong impression.
The difficulties which, so for as can be seen, must inevitably arise in December, should not necessarily affect the present value of stock good stocks more especial Money is still easy, the rates of interest are low and, as far as we were able to ascertain yesterday, comparatively few shares will have to be liquidated before December.
Such difficulties as do exist, it would seem, arise over the question of differences—eash différences—and these can only be adjusted by are rangement or, possibly, litigation between those immediately. chin cerned. % anti Reverting to the November position the, opinion expressed: previouse ly that the undischarged obligations would notin any way affect the settlement—or the public generally has proved in the main correct and, with the exceptions we have referred to above, it may be' said smoothly. to have been adjusted fairly,
Text read from the printed page and cleaned; old type leaves the occasional error.