30 MARCH 1929, Page 44

" BEAR " MARKETS.

There are still nearly two months to run before the General Election, in other words, two Months before uncertainty can be changed into certainty, and it is the definite knowledge that this period of uncertainty must almost necessarily last for a considerable while which has made the Stock Markets a still easier prey to the other depressing factors to which I have referred. In Other words, the market has been an easy one for bear operators. It will, perhaps, be well to remember that during recent weeks it is Labour and Liberal propaganda Which has held the field, and it will be time enough when the Conservative programme is before the public to consider the possible issues of the Election itself.