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to rise still further to 82.02 in November last. The 5 % Consolidiated Loan, which is the most widely distributed basic security (in November last there were 35,998 millions of it in circulation, including the 4.50 % and 5 % redeembale bonds), which was quoted in December 1919 at 89.54, had dropped to 81.08 in October 1922; it rosen to 86.84 in December of the same year, and to 99.08 in November last (after having overtopped parity in June 1924). I need not overburden you with figures concerning private securities but shall keep them at the disposal of anyone who wishes to consult them at leisure in order to realize the significant progress which has been achieved also in this field.
There are other features of great significance as indications of the general public tranquillity of the economic and industrial situation, to which I feel I must call your attention, viz. figures for unemployment and strikes. During 1920 there were no less than 189 agricultural strikes with 1,045,000 strikers, involving a loss of 14 million working days, and 1881 industrial strikes with 1,267,000 strikers involving a loss of 16,500,000
