COMMODITY PRICES
LONDON, 12th July. Lord Inchcape, at a meeting of the P. and O. Banking Corporation, gave what may be accepted as the main reason for the decline in.commodity prices when he attributed it to world-wide over-produc-tion, particularly of raw and primary materials. He instanced wheat supplies, estimated at 1,500,000,000 bushels, compared with 1,455,000,000 last year, and the world's visible supply of cotton was 1,200,000,000 balea higher than last year, and argued that until this surplus of supplies over demand is oveftiJken .by the world's consumptive capacity «c cannot expect to see a stabilisation of prices sufficient to restore confidence, which, had been disturbed by the severe depreciation that occurred with the trade of the country in this unfortunate condition.
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Evening Post, Volume CX, Issue 12, 14 July 1930, Page 12
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121COMMODITY PRICES Evening Post, Volume CX, Issue 12, 14 July 1930, Page 12
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