A SHORT AND LONG VIEW.
If, therefore, I were to sum up the financial prospects for 1929, I should be inclined to express the view that, failing a permanent and important rise in money rates here as a consequence of stringency at foreign centres, the chances favour a continuance of financial activity for the first quarter, and possibly the- first' half, of the New Year, with a' tendency, perhaps, on the Stock Exchange to select those securities which hitherto have been depressed by the state of trade. Similarly, it seems probable that the first half of. the year may also be Characterized by a continuance of the activity in new capital creations. When, however, it -comes to taking a longer view, covering the latter part of the year, I .confess that .I am inclined at once to take refuge in the uncertainties arising out of the. General Election in this country and the result of the attempts to straighten out the tangle bf- the' Reparations prisblem.•
ARTHUR W; KIDDY,.
Previous page
