14 JANUARY 1928, Page 30

Financial Notes

CHEERFUL MARKETS.

ALTHOUGH the Stock Markets, to some extent, have been feeling their way during the opening days of the New Year, the general tone remains one of cheerfulness. High-class invest- ment stocks have been helped by the fact that since the beginning of the year the Bank has gained about 23,000,000 in gold, while the success of the cash subscriptions to the Government issue of Treasury Bonds has proved a great stimulus. Nothing is known at present as to the measure of success which has attended the conversion portion of the Loan, but the response is believed to have been fairly good; in which ease the Government's task for the remainder of the year in dealing with impending maturities will be materially relieved.

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