10 OCTOBER 1931, Page 32

POLITICS AND 'PRICES.

How, then, are we to apply these considerations to the question of the possible future -course of British funds and other- high-class home securities. If the Election takes the lines of Liberals working with ConservatiVes and the .MacDonaldcontingent :as a National Govern- ment pleading for a " Doctor's -Mandate," although there must necessarily be nervous movements during the period of 'uncertainty preceding polling day I think that securities would still: be fairly steady. If, how- ever, it were to he a case of the 'old ordinary " Party " election I thint the: nervousness"would be much greater and with reason. Assuming that the Election resulted in a complete _victory for the. Nationalists I think that for a time we should- see GoVernment stocks firm again stocks at -level, but I have felt it-to be only Two SEPARATE CRISES.

that in the meantime we have begun to set our own affairs their obligations in goods and services, and ly a position can only be permanently from WITHIN.