Finance—Public and Private
The -Coming Half-Yeat
AT the beginning of the year when attempting to foresee the possible course of markets during 1929, I commented on the fact that it would probably be unwise to rely upon a continuance of the beginning of the year optimism which was responsible for a verily general rise in Stock Exchange prices. I pointed out that while it was, of. course, impossible to foresee the many developments which might affect the market during the year, there were at least three discernible factors of importance calculated to exert a considerable influence during the first six months of the year. The first of these was the Repirations Conference at Paris, the second was the unsatisfactory financial situation in the United States and the third was the impending General Election in this country.
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