22 DECEMBER 1928, Page 29

Financial Notes

[We regret-that owing to pressure of space in connexion with our Aberdare Fund Mr. Kiddy's usual financial article does not appear in the SPECTATOR this week.]

13ETTER MARKETS.

WHEN allowance is made for preoccupation connected with the arrangement of the fortnightly account, the Stock Markets during the past week may be said to have prmented a somewhat more cheerful appearance, a circumstance due mainly to rather more hopeful bulletins having been issued at the beginning of the week concerning the King's health, while the fact that it has been possible to deal for the account which stretches into the New Year, may also have stimulated business in some departments. A further 'circumstance exerting a favourable effect has been that the cables from New York have appeared to indicate that Wall Street had got some grip of the situation, and that the recent slump has by no means resulted in conditions of permanent demoralization.