21 APRIL 1928, Page 44

Financial Notes

FLUCTUATIONS IN Govait/CifENT STOCKS. Maxiko all allowance for' occasional setbacks- resulting from realizggions, the Stock Markets must be:regarded as still piesenting a thoroughly cheerful appearance, while the general maintenance of prices is the more striking in view of the continued flow. of . new capital creations. Not the least interesting feature 'of the past ten days has been the extra- ordinary fluctuations in' British Government _ 4-per cent; Funding Loan. On one day the stock touched-03);, dropping on the same day hi 91. Needless to say that such fluctuations are wholly abnormal in the caseThif. - British • Government Securities and in another column I have- dealt at great& length with the main cause responsible for the-movements. Business in the industrial section, however, has alio again been active, but Rubber shares continue to, be the Cinderella of the StocVMarkets. There have not been wanting, even' in. that department, some indications, however, of 4- rather

steadier tendency at a rather lower level of prices. . * * * * -