MARKET COLLAPSE.
CALM OF MR ROOSEVELT. CONTINUING WITH PROGRAMME WASHINGTON, July 23. President Roosevelt is not afraid that the collapse of the stock and grain markets will endanger the success of his "new deal" programme. Ho does not view the ups and downs of the Stoek Exchange, even the wild dives of the recent days as a faithful barometer of prosperity and continues vigorously to press his schemes for'relieving unemployment, boosting wages, and. improving the farmers' lot. He takes the view that the stock collapse is a sad case of thousands of people, uncured by the tragic days of October, 1929, now rushing foolishly into the market to gamble their way to quick riches. The President is not sanguine about wheat, and has warned Chicago and other grain exchanges that there must he no violent acrobatics in the commodity pit. The Farm,Act might be invoked to stabilise farm prices on the Exchanges.
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Ashburton Guardian, Volume 53, Issue 252, 5 August 1933, Page 5
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152MARKET COLLAPSE. Ashburton Guardian, Volume 53, Issue 252, 5 August 1933, Page 5
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