Finance—Public & Private Outlook for the New Year I'm: City
has buried the past year without lamentations though any feelings of relief which may have been experienced at the thought of its conclusion were restrained by a recognition of the fact that most of the problems and difficulties of 1930 are carried forward as it were for sokition in 1931.
In considering possible influences in a New Year there arc usually two main points to be taken into consideration. The one is concerned with the probable course of interest rates., or as it is sometimes called the value of money, and the- other is concerned with external political and other influences. Of these two main influences the more usual and the more permanent comes under the heading of " monetary conditions " and of that perhaps no better exa niple could be given than that of the past year. With disturbed politics in many parts of the world, with chaos in Russia, with financial losses 'in the United States, Australia and this country, and with confidence shaken by Socialistic legislation, it might at first sight be thought to be very extraordinary that even high-class investment stocks should have risen.
Previous page
