Herewith is given a portrait of the Rev. William Darwent whose death has just been announced at the age of 96. He was father of the late Rev. C. E. Darwent who after filling the pulpit at Union Church, Shanghai, went to Tientsin where his death occurred. was that everybody in all sections of the country was expecting 1925, to be a record breaker from all angles.
T do not know that opinion needs to we are certainly 1g" some appasinodic slants in all channels} of trade and industry.
As I write! there is a certain confusion in price movement, a diso mind in New Yor) and other cen-' tres, spectacular stock exchange ind predictions re-immediate outlook for the speculative positions are The experience of the past has failed as a guide to the present market, ind the argument for and against a continuance of a bull campaign seem fairly well balanced. A slight stiffening in call money rates shows that more money is wanted to finance unprecedented speculative operations in Wall Street, but the supply for stock market purposes is plentiful.
In strictly trade channels progress is on conservative basis, com-Petition for orders in almost every lines being very keen.
Generally, however, there is al feeling of confidence everywhere' that, despite temporary setbacks, trade and industry are ona firm basis, and that, barring inflation dangers, there is thing to fear. To talk of the Uni ited States as a whole is, of course, unwise, for conditions vary 20 very much in different sections, but it, may be said) that nowhere is there any complaint. Even among the farmers, who are proverbially the eternal
Text read from the printed page and cleaned; old type leaves the occasional error.