Foture market movements are Jdependent "upon so many factors itificial as well as" natural—that it is more difficult than ever to come to any sound conclusion Jconcerning immediate prospects. [For the longer term, expectations are generally for still higher levels. The abandonment of the gold standard by France, Holland or Switzer-and, the adjournment of the London conference or the usual summer recession in business might easily cause market reactions. but the long-pull investor or speculator can well afford to disregard these ea far jas most of his commitments are leon cerned and should not lose Jentirely his position in a major bull
Text read from the printed page and cleaned; old type leaves the occasional error.