23 JANUARY 1932, Page 33

Financial Notes

A MODERATE REACTION.

• * * • Amionati during the past few days there has been sonic reaction in securities, owing to uncertainty with regard to the Lausanne Conference, the general trend of the stock markets has continued to be favourable, although in some directions there have not been wanting signs of the rise having been a little overdone. In particular, Transatlantic shares have tended to react on the duller tone of Wall Street, while British Funds and kindred stocks have been more affected by the set-back in sterling. A favourable event of the week was the very successful issue of the Mauritius Loan for £600,000 in 5 per cents. at 98f.