15 JANUARY 1927, Page 28

CHEERFUL MARKETS.

The Stock Exchange has begun the year quite well and both as regards existing securities and new capital issues there has already been a considerable amount of activity. Undoubtedly the favourable reception of the new' Government Loan has given a considerable impetus to high-class investment stocks, a stimulus aided still further by hopes of a lower Bank Rate. For the reasons already mentioned, Home Railways have also rallied materially, while as regards the speculative departments, there is every indication at present of the activity in rubber and oil shares and some of the mining issues proceeding further as the year progresses. A. W. K.