INVESTMENT TENDENCIES.
On the other hand, in the event of a return to the Gold Standard, it might be a case of the commencement of influences making for an improvement in the industrial and kindred stocks rather than in the investment group. That belief is based upon the idea that somewhat higher money rates might prevail and also that a return to the Gold Standard might synchronize with trade expansion, and consequently with a diversion of financial activities from fixed interest investment stocks to commercial enterprises and to securities connected with them. Incidentally, therefore, it will be seen that those who hold that view evidently believe that the effect of any small rise in money rates upon the trade of the country would be more than offset by favourable factors connected with the Gold Standard, a matter which I need not elaborate here.
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