THE TALE OF TWO STREETS
Although. America,is isolationist geographically and politically, New York business sentiment is often more susceptible to European alarms than is London, wrote Mr. L. J. Reid, financial editor of the London "Daily Telegraph" on November 26. When the Italo-Abyssinian crisis came to a head, the set-back was more acute in Wall Street than in. Throgmorton Street, he stated. New. York markets seem to have been more nervous of the French situation than London markets.
"Once again we are faced with fresh proof of a fact, of which observers of both centres are well aware, namely, that in method and technique the London Stock Exchange is sounder and steadier than Wall Street, and in addition less volatile in temperament. "Thus the dangers of Wall Street to the short speculator are once again emphasised. On longer views it is still highly probable that Wall Street must respond to the uplift in trade and the vast accumulation of resources awaiting investment. But what we have seen in the past week is a useful reminder that severe fluctuations are likely."
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Evening Post, Volume CXXI, Issue 1, 2 January 1936, Page 12
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180THE TALE OF TWO STREETS Evening Post, Volume CXXI, Issue 1, 2 January 1936, Page 12
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