COMMODITY PRICES

Evening Post, Volume CXXIV, Issue 88, 11 October 1937, Page 12

COMMODITY PRICES

SHARP DECLINES

METALS AND WALL STREET

(By Telegraph—Piess Assn.— Copyright.) LONDON, October 9. It is years since the prices of commodities have experienced such assaults as those of recent date. The collapse became really serious on Wednesaay, and a half-hearted recovery the following day was not m !{ nt ifdlfflcult to believe that present prices for raw materials had compared with the lofty heights m spring. Rubber producers are perturbed at the setback and there seems no doubt that the Rubber Committee will cut quotes unless there is some revival in the price as it is known that they a stable figure at around 9d a fa YJJwf There is little trade buying, P and this Kready sufficient cause tor a^utufe lly oftK S rices of base mJtefs appears to depend on Wall St Copper statistics are expected to --than 2000 fel, aVxdS is alsofrtajn to be highe ,. The totaled suppg of ffi n whuTVn\Xption is unlikely to exceed 31,000,000 bales It is not surprising, therefore that r jetton has taken into account.

Tn a recent statement Mr. Eccles, prSidenP of the Federal Reserve nnard said: "The threat of inJXS arfi primarily from pnc. in, creases unjustified ( by rising wis "The remedy lies not in readminis- ' *V SgfflfflnSSSm at Washington wage increases. , .