12 APRIL 1935, Page 45

Financial Notes

CHEERYCL MARKETS.

IN spite of unsettled international politics, and notwith- standing—or perhaps I should say because of—the approaching Budget, markets have displayed a cheerful tone during the last few days. The principal feature has been the very general recovery in British Funds and kindred securities, but the speculative markets, including Gold Mining Shares, have also improved. A week ago markets were being somewhat disturbed by the extreme fluctuations in the Foreign Ex- changes and by fears concerning the position of the gold bloc countries, but conditions have steadied a little during the last few days to the benefit of Stock Exchange securities generally.