22 OCTOBER 1927, Page 46

Financial Notes

CONTINUED CHEERFULNESS.

ALTHOUGH during the past week there has been a good deal in the way of much needed realizations in the Industrial section, the undertone of most markets remains exceedingly cheerful. High-class investment stocks have benefited by the reinvestment of Government dividend moneys, and also by the favourable movements in the American exchange, while it is satisfactory to note that even English Railways are showing a slightly better tendency. Moreover, the cheerful- ness and comparative activity of markets are the more striking in view of the continued rush of fresh capital issues, the response to which is for the most part on a very liberal scale.

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