OPTIMISM FOR 1927.

Shannon News, 4 January 1927, Page 4

OPTIMISM FOR 1927.

.* HAPPIER, NEW YEAR FOR ENGLAND. INDUSTRIAL BOOM PROPHESIED LONDON, Jan. 1. The unanimous feeling that England is on the verge of an all-round happier and more prosperous year gave a pre-war gaiety to the dying year festivities. Enormous gala parties wore held in* all the hotels which were more elahorately decorated than at any time since the war. The streets were thronged and everybody was in buoyant spirits and seemed glad to see the last of 1926, which had been about as bad as could be, and to feel that England is about to emerge from the clouds of depression. This is by no means false optimism. The Stock Exchange radiates cheerfulness and is talking hopefully of cheaper money in the New Year. Everywhere the general trade position is better than for years and huge contracts are awaiting fulfilment. The old year has seen the reconstruction of a number of great industrial concerns whereby the position Should be immeasurably better. The growth of amalgamations is also a sign that Britain is preparing to take the lead.