7 APRIL 1928, Page 32

Financial Notes

MARKETS AND THE REVENUE.

DESPITE the natural slackening of interest prior to the Easter holiday, markets have continued very firm in tone, especially in the gilt-edged section, where the substantial surplus secured by Mr. Churchill not only means so much more for the reduction of debt but encourages a favourable outlook with regard to the new Budget. The volume of business in general markets, too, has been maintained, the recent profit-taking movement having met with a surprising amount of resistance. New issues have been well taken up and both the Fiji Loan and the Bank of Bogota issue command good premiums.