10 NOVEMBER 1928, Page 40

INVESTMENTS STEADY , . . Whether the actual permanent break in the

Stock Exchange securities luta actually arrived or is likely to come quickly, must, I think, depend very largely upon developments in Wall Street, and there are few at the present time who would care to predict the course of developments in the United States, following upon Tuesday's Presidential Election. Meanwhile, however, the strength of first-class investment securities continues, and while the continual heavy shipments of gold to Germany, together with some shipments to New York, occasioned - apprehensions with regard to the possibility of a rise in Bank Rate here, these apprehensions have been relieved during the past week by the expectation of some fairly large gold shipments from Spain to this country.