Financial Notes
INVESTMENT STOCKS FIRM.
THE favourable progress of the Conversion Loan, Senator Borah's statement in the United States with regard to Inter- national Debts, the settlement of the Oil Conference in Paris, and the continuance of cheap money have combined to stimu- late most markets during the past week. Gilt-edged securities, under the lead of British Funds, have been one of the strongest spots, a feature being the rise in the 81 per cent. War Loan to over par for the first time in its history. The Speculative Markets, however, have also been good, Oil shares rising for the reason already mentioned, while there has been a good deal of activity in the Mining section. Even Foreign Stocks, including German Bonds, have improved, and some of the Home Industrials have advanced a little.
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