Financial Notes
A GENERAL RECOVERY.
THERE has been a change in market sentiment durtag the past week. At all events, up to the moment of writing it has been a case of a general rally in British Government and Home securities, not perhaps so pronounced as was the previous fall, but at all events a recovery sufficient to impart a more cheerful tone to markets generally. In a previous article I have dealt at some length with certain of the causes responsible for the rally in high-class investment stocks, but to some extent the improvement has extended in 0011 directions. Home Railways, for example, had fallen to stSei a low level that they were almost bound to attract the attentios of the speculative investor, while it is possible that some Of them have been bought on hopes that there may be assuring statements at the annual meetings of the four big Companies. Not only so, but the unexpectedly favourabk dividend announcement by the London and North Ea St Railway has a reassuring effect, and both Ordinary and Po charge stocks show a recovery during the past week. DI . (Continued on.. page 330.)'...
ftddition, the speculative markets have been favourably affected by the continued firmness in Wall Street, where a !very general upward movement in prices has been established. Finally, the speculative markets have been helped to some extent by a sharp rally in Tin shares, due to the announcement that the scheme for restriction of output by the Federated Malay States is to meet with no opposition by the Government.
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