Financial Notes
MARKETS QUIETLY FIRM.
DISTURBED conditions at foreign centres continue to have a restraining influence upon the volume of Stock Exchange business. Nevertheless, the tone keeps firm in most depart. ments, and, although British Government securities may be advancing less rapidly at the moment, the very fact of their resistance to some of the unfavourable influences which have operated rather confirms all that I have said in an earlier article with regard to the inherent strength of the market for British Funds and the probability that the peak of the rise may not yet have been reached. It is possible too that Gilt-Edged Stocks may have been somewhat adversely affected during the week by the steady increase in the issue of fresh Trustee Securities. These are still meeting with a quick response from the investor, but all the same their num. ber tends to restrain the upward movement in existing Stocks of a like character.
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