4 DECEMBER 1926, Page 52

Financial Notes

INVESTMENTS FIRM.

ON June 1st and December 1st each year rather more than £50,000,000 in dividends of 5 per cent. War Man is distributed. Round about those dates therefore there is usually a disposition to make high-class investment stocks firm, on the idea that some .portion at least of the dividends will be reinvested in kindred securities. That circumstance partly explains the continued firmness of investment stocks during the past week, but another influence has been the more hopeful views con- cerning the monetary outlook, those views being based in part upon the fact that the Bank of England Reserve is considerably -larger than a twelve month ago.

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