Financial Notes
CHEERFULNESS MAINTAINED.
Tins Stock Exchange continues in cheerful mood and the Industrial Market activity shows signs of shifting to new groups. -The 'iron and steel section, for "example; has shown signs of revival, while artificial silk shares have gone out of favour since indications of oyerproduetion..began .to_ appear. Some of the recent favourites in the gramophone group are not quite so buoyant, though America seems to possess unbounded faith in the future of Columbias, having been responsible for the further advance which has occurred. Signs are not wanting, however, that a certain amount of profits on industrials is being Consolidated by reinvestment in gilt-edged securities, which have all been very thin despite monetary uncertainties, and Home 'Railway stocks have enjoyed a small revival. Oils have become uncertain as it would appear that the off-repeated rumour of agreement between the big groups which was responsible for the strength of this section last week was again a trifle premature. Rubbers remain in the doldrums, while in the mining section tin has come back to favour on the improvement in the price of the metal.
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