26 DECEMBER 1931, Page 30


Price movements throughout have conformed to previous experience in the. Stock Exchange, which has always shown that while prices can often withstand definitely unfavourable news if its implications can be readily seen, they are apt to become demoralized in an atmosphere of doubt. This apprehension of the unseen on the part of the Stock Exchange and the investing public should enter very definitely into any view of market prospects by the individual investor. Its possible influences on the outlook for 1982, with other deductions which can be drawn from the past year's events, will be discussed in these columns next week.

A. H. D.