gilt-edged securities, recorded late he upward. tendency of Brith probably a sign of further continental purchases of sterling to make prov'. sion against the growing uncertainty of the political situation and of consequent effects on foreign eu: rendes. With a low bank rate andi rise in gilt-edged stock there 13 also the impression that investment corporations are finding it dificult to Select suitable industrial enterprises for their attention. 'The posi tion gives point to "Punch' recent cartoon which asked Mr. Neville Chamberlain to keep) his Guildhall meeting smile fixed for} six months. "A discouraging factor in the world situation Les in the vestrietion of the markets, The purchasers of goods abroad are, too often. those who either are doubtful payers or want such long credits that might almost be put in that category. The British position healthy but it cannot develop covery to the full extent unless conditions elsewhere show signs of a more marked improvement tha: has so far been evident. The steps taken in America to remove restrletions on the export of currency are regarded with approval. Whether the hopeful deductions therefrom will be Proved to be justified by the event Femains to be seen.
Text read from the printed page and cleaned; old type leaves the occasional error.