London, May 1.
Conditions on the London Stock Exchange today were cheerful. dominated by the action of British gilt-edged securities. which advanced usefully on sustained re-investment, demand, in which Indian loans participated.
Home rails also improved on fair support, but, apart from some buying of iron and steel shares, other sections ruled quiet.
The advance of Irak 4-1/2s, from 84 to 86, was a feature in the foreign bond market, and which were generally firmly held.—Reuter Apr. 20 May 1 ux. LOANS
310% War Loan (Bet) £1 109% 2% Defence Loan 10 a 1018
Text read from the printed page and cleaned; old type leaves the occasional error.