31 DECEMBER 1921, page 11

Finance — Public And Private.

THE FINANCIAL OUTLOOK. FEATURES OF THE PAST YEAR—TRADE DEPRESSION —FALL IN COMMODITY PRICES — BANKING LOSSES—LOWER MONEY RATES—RALLY IN IN- VESTMENT STOCKS—NEW YEAR PROSPECTS—......

Letters To The Editor.

tLetters of the length of one of our leading paragraphs are often more read.and therefore more effective, than those which fill treble the space.] SOME ELEMENTARY ECONOMICS. tTo......