Financial Notes
A CEYLON LQAN.
ON the whole there has been rather less business passing on the Stock Exchange during the past week, though Priees have been quite well held. The rise in gilt-edged stocks on hopes of cheaper money had, however;, gone a little rapidly, and the disposition has been to pause and await developments in connexion with the international inoOtary situation, the Hague Confetefice, and the Naval Conference. Nevertheless, the tendency I referred to at the end of last year to obtain stocks giving a. fair investment yield with reasonably good security has still been in evidence. Naturally, the movement has commenced with the better-class stocks, and not the least important feature during the first fortnight of the year has been the steady appreciation in prior charge stocks of English railways. Colonial stocks, however, and all trustee investments have been firm, and during the past week there has been an interesting new issue in the shape of the flotation of a Ceylon Government Loan for £1,250,000 in 5 per cents. at 99 per cent.
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