Financial Notes
(Continued front page 492.) INVESTMENT STOCKS STRONG.
Ai:motion dealings in public securities may have been inter- fered with to sonic extent by the Easter holidays, the week has been a fairly eventful one on the Stock Exchange. The outstanding feature has been the further rise in British Govern- ment and other gilt-edged securities, the chief influence affecting that market being the further sharp rise in the sterling exchange, a matter to which I have made a fuller reference in the preceding article. In sympathy with the rise in British Government stocks there has also been an advance in other stocks of the investment character, and in some of the British industrial shares. On the other hand, and as a natural conse- quence of the fall in the dollar, American Railroad securities have given way considerably. A further feature of markets during the week has been the demand for all scrips of new capital issues, most of which now stand at high premiums on the issue prices.
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