"OUT OF THE WOODS"
THE UNITED STATES
(By Telegraph—Press Association.)
AUCKLAND, This Day.
"It can be stated quite, definitely that the United States is now out of the woods," said Mr. W. J. Wilbur, a prominent New York resident and an In-, vestment Councillor, who is a through passenger by the Monterey for a holiday in Melbdurnie.
He said*that lately there had been a marked improvement in the unem-.; ployment position and -wends in the stock market had been, most encourag-. ing. Stocks have risen considerably, steel having jumped from 43 to 60. The rise was caused, firstly by ; the Govern-' ment's decision to spend 3/700.Q00 dollars on public works over a period of j a year or two, and secondly by the | falling-off of fear among the public, j
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Bibliographic details
Evening Post, Volume CXXVI, Issue 7, 8 July 1938, Page 11
Word Count
130"OUT OF THE WOODS" Evening Post, Volume CXXVI, Issue 7, 8 July 1938, Page 11
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