INVESTMENT STOCKS FIRM.
ALTHOUGH the Stock Markets as a whole have been quiet and rather dull during the past week, an outstanding feature has been the firmness of British Funds and all gilt-edged securities —a somewhat unusual accompaniment to the issue of a Government Loan for an unlimited amount. The chief influence responsible for this improvement in high-class investment stocks has been the discussion in the market as to the prospects of a still- lower Bank Rate, and because for the moment opinion veers in favour of cheaper money rates, the tendency of investment stocks has been in the upward direction. On the other hand, the more speculative stocks, and especially those dealt in on American account, have shown a rather dull tendency, due, in part, to the comparative lack
of support from the other side of the Atlantic.