29 JUNE 1929, Page 36

Fin a ncial' Noteg END OF THE HALF-YEAR.

MosT of the leading financial centres have been more or leSi affected during the past few days by, the approach of the turn of the half-year. In the United States there are always heavy revenue payments during the final week of Anne, while at this centre, and in Berlin, the making up of balance Sheets involves a considerable strain on cash resources. It is quite probable,- therefore, that the monetary stringency of the past ten days has been intensified by influences of a-tem- porary character which in their turn have also" occasioned a general contraction Of business on the' Stook BXchange with a weaker tendency in prices in many departments.

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