Adherents of Trotsky Ruthless: ly Weeded Out by Dictator Bertin, Dee. 8. to any great extent in America] depends on several circumstance especially the development of inter: est conditions in the U.S.A.. but it very unlikely that the interest level will drop there, whereas it i decidedly going down in Europe. On the other hand, Latin-America, which now absorbs a good portion of the immigrants excluded from North America through the quota' lave, will retain a_ comparatively high rate of interest and will pro-Dably need considerably more Amer-tean money. It is further pointed oat that the wide margin in America between the price at which the loans fare taken over and the price of issue! makes the European money market lore inexpensive, and that there-future great European loans; il probably be taken up in Europe elf. Thus, it is likely that the: internatiorzal movement of capital between the European countries w be mare important than the transactions between Europe and the U.S.A.
Text read from the printed page and cleaned; old type leaves the occasional error.