Saturday Review of Politics, Literature, Science and Art Volume 106

Saturday Review of Politics, Literature, Science and Art Volume 106

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ...individual efforts or by concerted action--the public are disposed to look more kindly upon the market. Whether the savings in expenses will come up to expectations remains to be seen, but that the directors are sincere in their efforts to economise is undoubted. The pity is that they have delayed so long in putting their houses in order. There is no virtue in necessity, and but for the heavy fall in revenue in the past few years the companies would probably have gone on living in the extravagant style which has been largely responsible for reducing them to penury. Up to the present there has been nothing to indicate the monetary value of the savings recently effected, and the course of trafiic, as disclosed by the weekly returns, has shown no marked improvement. Moreover, the trade outlook is not immediately favourable, with a cotton strike in progress. In the circumstances there would seem little, at the moment, upon which to base a rise in prices. It is remembered, however, that trafiics of the next three months will compare with big decreases a year ago, that labour disputes are of shorter duration than formerly, and that a period of cheap money almost inevitably causes Home Railway stocks to appreciate. The speculative possibilities therefore are attractive, and as the public are in the mood to speculate they choose these, as well as other stocks, to satisfy their humour. Ve pay no heed to the large increases in trafiic shown by the underground railways, which are, of course, entirely due to the Franco-British Exhibition, and will not recur. In view of the everpresent competition of the motor omnibus, the opportunity would seem a favourable one to sell these particular stocks. Consols, almost alone, fail to derive any benefit more

Product details

  • Paperback | 942 pages
  • 189 x 246 x 47mm | 1,647g
  • United States
  • English
  • black & white illustrations
  • 1236853318
  • 9781236853318