"KNOCKING" BRITAIN
LONDON STOCKBROKER
ADVICE TO INVESTORS
LONDON, sth March. Tho "Daily Mail" says that considerable feeling has been aroused ,on the Stock Exchange owing to the issue of a circular by Mr. Buckmaster Moore, ono of the largest stockbrokers in the city, advising the sale of stock in "almost all British industrial companiqs operating at Home, particularly the shares of older industries and the investment of a very largo proportion of any funds in American and Canadian securities." : ; The signatory, Mr. O. T. Falk, declares in the course of the document: "I believe that industrial prosperity in England is much more than temporarily depressed. It is quite unreasonable to expect us to regain our industrial leadership. The future of the financial position is another matter that depends not in the least on tho action of investors. If wo invest well we may maintain our financial prosperity, despite the decline in industries. The advantages of Canada and America will bo so overwhelmingly great in the next decades that they offer a most attractive field for investment," Cit}r men strongly protest , against the issue of such sweeping recommendations. Sir Arthur Duckham declared that tho circular displayed absolutely unwarranted pessimism. "My advice to investors is 'to stick to Home industries, which certainly are as healthy as American."
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Bibliographic details
Evening Post, Volume CIX, Issue 56, 7 March 1930, Page 9
Word Count
215"KNOCKING" BRITAIN Evening Post, Volume CIX, Issue 56, 7 March 1930, Page 9
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