Financial Notes
RISE IN BRITISH FUNDS.
WITH the exception of Rubber shares, markets have been so uniformly cheerful, both immediately preceding and following the Easter holidays, that it is almost difficult to single out special features. Perhaps, however, the most distinctive features of the past ten days have been the extraordinary strength of gilt-edged securities, the remarkable and general rise in Insurance shares and the continued boom n in the Gramophone group. As regards British Funds and kindred stocks, there is little doubt that the market has benefited by the reinvestment of funds represented by the repayment of Government maturing debt, while the brighter Budget prospects have been a helpful influence, and speculative interest in the 4 per cent Funding Loan has' beenmulated by rumours of that Loan being listed in Wall Street.
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