ASTOUNDING CHANGE
CONDITIONS IN BRITAIN FEELING OF CONFIDENCE (Elec. Tel. Copyright—United Press Assn.) LONDON, Oct. 20.The Sun-Herald political correspqadont says Stock-Exchange prices are booming, yet three weeks ago financiers, and even Lord Rothernvere, whose financial prophecies are widely respected, asserted that an immediate election would' pluuge Britain into chaos, that sterling would collapse, and that the Socialists would get a big majority, with a result little short of national bankruptcy. To-day this phlegmatic unemotional nation is experiencing one of the most astounding changes .which lias ever occurred in such a short period in its history. The majority of the prophets arc entirely falsified. The public’s psvchologv is flitch that the feeling of*confidence is greater than for weeks past. There is expectation of a huge Government majority, after which will come a boom in industry. Finally there is the fear, not that sterling will collapse, but on the contrary, that it will soar higher than is justified. For example, if it touches 410 cents it will be too high, according to immediate values.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17605, 22 October 1931, Page 5
Word Count
172ASTOUNDING CHANGE Poverty Bay Herald, Volume LV, Issue 17605, 22 October 1931, Page 5
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