New Britain herald., 1930-12-30
BUSINESS OUTLOOK
 FOR l93l BRIGHTER
Whole World Expects Gradual
 Recovery During New Year

Washington, Dec. 3O.-(Pp-World business, battered and bruised after a year of reyerses, begins 1931 heartened by signs of a weakening in the onsaughts of depression.
 Outside the United States, where, President Hoover says, lie the majcr forces of the depression, prospects for the new year bring statements of guarded optimism from this gov ernment's experts on the state of | foreign business.
 The opinion generally expressed l regarding conditions in Europe is this-after difficult winter business may be expected 10 recover gradual ly, and that by the end of 1881 a de- cided gain will have been registered
 In the foreign trade outlook, how ever, the indUstrialiZation Of Russia presents d new factor which is re- gardcd in some quarters as adding an element of considerable uncertainty.
 In Latin-Alnerica. one of our greatest markets slight indications have been discerned that commodi- ty prices have about reached bottom. Any further movements. it is be- licved, will amount merely 10 a geu- eral shaking down and readjustment Of world prices.
 Brighter signs in Far East
 Signs of improvement are observed in far eastern countries, notably Japan and China. In China. civil warfare has ceased for the time be- ing, and while silver exchange is again flutterine uncertainty, crops generally have been better than for many years.
 In Japan various economic moa- sures arc said to have placed the country on a sounder basis than nt any time in recent years, particular ly the return 10 gold standard with the lifting of the embargo against eXports of the metal.
 In Canada. the leading market Of the United States, the general out look is considered unfayorablc al- though some seasonal Improvement has been reported in winter lines.
 Conditions in the maritime prov inces are rated better than in other sections the prairie provinces suc- fering from low wheat prices.
 EurOpe's Production Lower
 General effects of the depression in Europe are seen in lowered indus trial production, reduced foreign trade, restricted purchasing power. and increased unemployment.
 The latter has become a vital is sue in most European countries and is particularly serious in Great Brit ain and Germany.
 Hope of European recovery is seen in the fact hat industrial stocks are now well worked out and that more stable prices are tending to encourage buying Saving de posts have generally increased ard discount rates are low
 Latin America Feels Price Drop
 The depression in America is attributed 10 the drop in prices for practically every major com modity produced in that part Of the world.
 At the same time conditions in the American bond market have mace t impossible for Latjn-Amcrican governments and private enterprises to obtain q continuance Of the flow of funds which provided such an in fuX Of money during the past five or six years.
 Government economists say Ar gentina, Mexico and Colombia prob ably present the most favorable con- ditions for an early recovery from Repression.
 Aside from the Australian-New Zealand area. far eastern countries |. generally appear to look forward with optimism to trade developments in 1881.