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mm, mines, ano
INVESTMENTS
By 'Minos.' j
Tlie Stock Exchange resiinied Us br.sir.cs3
liter the hu'idats «iih vt-rv little rtir aiiior.K -
nc-mliers other ihan the fxprcieiun of opinion |
hjt the luajoritj- of them were glad i-- '« bacl; !
it work. !-o fa'r as dealing weni, noiliinsr out i
-i the way iuppened. For t!:e present, at all
fvents, the ,la-.s are past wura =pecu'aiors, ue
Vite the i-Iosing of '-the Uooui,' t-lccte-l to rc
naiii at their offices or close lo the Exchange to ]
i» to carr\ on husincss. Tlie fact that si ex- ,
Lv&riud a holiday iras agreed to tOiows the altered |
condition of affairs. This doe* not arise from j
tlie war at all, for there lias been plenty ot
evidence available during the part four -v«r:j |
that given the opportunitv and dealing »?''
ue briik. The -Jluttcrs' in Wstouia stocks
are a case in point, and tiie lattn-day rush of
Harrier Mocks at the lieels of liroken Hill Pro
prietary sliari-5 are facts lo indicate that if a lead
l-e given the market will awaken to activity.
U lias to be recollected also that before »crj
long dealing between the LonOuii Stock Kx- ,.
change and Australian iastitutions will lie re
iiuut-d. Tliis should make ior a wider market
ind a bij.Trer business in a number of stocks
that have lieen idle for the past three or four
vears. So it does not ilo to star the New Year
«lth the sense of depression most men dis;)lsy
la a more or less marked manner. First of
all, people must buy and seU, and consequently
currents will always be setting to or from tlie
Exchanges. Xo one now is !--uck a for.l as u-
assume that the community can do without a
free Juarket for stocks and shares. As the Ex
changes provide that essential they will live.
Secondly, the comiuonsense of the community
win soon compel tiie abolition of the restrictions
bo stupidly imposed by the Federal Government
ou the promotion of goMinining coinpa:iieA or
syndicates, unless it wishes to kill prospecting
altogether. Thirdly, the settling down of labour
to a more reasonable frame of mind may he
hastened by the presence of workers among the
returned soldiers, especially if employers do their
duty to the™ and offer them preference of em
ployment. Last of all, tlie fact lliat tlie world
requires priman- products ami tbat Australia is
able to £upp:y t!:cm means that if people will
economise and work honestly and wcli, and the
Legislatures will encourage industry, the adjust
ment of our finances may be less Herculean
than is accepted. Anyway, no good can be
done by meeting trouble ba.If.wav. Ami even
if there are troubles people will nec.l to b-jy
and spII, so that the vcar 191S tnav not be
'drougiity' financially to the Exchange^. Whe
.her tl;at be- the ease or not, t!ie oriy cure ior
any ill is hard work and the espan-ion of the
srreat industries oi the countrr, together with
a reasonable i-oume in politics. '
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