11 MAY 1929, Page 34


Assuming, then, for the moment that each party adheres to its programme, the outlook would seem to be something as follows : If the Conservative Government were returned to power by a decisive majority, general feeling of satisfaction on the .part of holders of securities would probably find expression through increased pur- chases, while-the sums I have mentioned as being held in suspense would presumably be released and act as an impelling upward force to prices. The movement might be short-lived if the Conservative Party gave no signs of great economy, but, on the other hand, any other favourable factors operating such as the settlement of the Reparations question would probably find full expression in the security market.