Marl's Eastern promise
Nephew Wilde
My knowledge of the Chinese and their customs is limited. I once did spend a few days in Hong Kong where I vividly recall playing cricket on the ground situated bang in the centre of the Colony but that was worlds apart from the natives. I mention this because last week my broker, Wotherspool, and I were wandering in some insalubrious purlieu when we saw and entered a Chinese restaurant.
The experience left Wotherspool, who is no mean gourmet, and I in no doubt about :the culinary skills of the Chinese.
In between the many courses, however, we did manage to have a serious talk about the stock market. Now Wotherspool himself is usually a human barometer of the market: when we are in a null market he is ebullient, and when it is in the doldrums, he is morose. As for relations with his clients he
pectator September 1, 1973 once quoted to me what Ludendorff, during the first war, said he would do if Germany was defeat,; est;
"I shall organise sympathy. Yet even Wotherspool's crocodile tears are apparently not helping him get any business in the present climate.
Correctly he had guessed that I too was getting increasinglY apprehensive about my investments. Well in order that 1 did not leave the market until more happy days he recommended that 1 invest in Marl Investment — actually to re-invest in Marl since some months ago I did have the shares in my portfolio and very profitable they were. "The fundamentals have not drastically changed," Wotherspool pointed out, "but I seriously think that this sort of stock will have a good following with the UK. looking so uncertain."
Marl has been referred to as t "mini Inchcape." If Marl begins to enjoy some of lnchcape's market 'popularity then I shall be very happy indeed. At current levels I am a reluctant seller, even of some of the laggards in my portfolio. Thus this week I have compromised and in order to raise funds have sold half my holding in Manchester Liners.
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