MOTOR SHARE PROSPECTS
It is a long time since I wrote hopefully of the prospects for motor shares and that was before political apprehensions had impaired the will and falling purchasing power the means to spend on luxury or semi-luxury goods.. In the meantime prices of motor shares have fallen quite sharply. Austin Motor " A," which at one time last year stood at 32s. 6d., are down to 24s.; ana Morris .Motors ordinary have come down from 33s. to 28s: 9d. Morris Motorshas so far managed to maintain its dividend at 45 per cent., but profits have been reduced. The Austin dividend has been cut from so to 3o per cent., and recent monthly totals of new registrations have told the story of declining sales: - In view of the poor visibility on the political horizon and the prospect of a further increase in taxation, one.might .1Cmtkrieci on Peet.34)__ _ _ _
FINANCE AND INVESTMENT
(Continued from page 32) imagine that this declining trend would continue this year, but reports from the manufacturing centres point to the beginnings of recovery. Registration figures for November are not yet available, but I shall not be surprised if, so far from continuing the dismal story of recent months, they dis- close a sharp reversal of tendency. To some extent the un- usually mild weather probably had an influence on the November figures, but reports from Birmingham and Coventry strongly suggest that the improvement was well maintained last month.
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