NOT REASSURING
RISE IN PRICES
BRITAIN'S EXPERIENCE
(Received January 22, 9 a.m.) LONDON, January 21. "The Economist" continues to devote much space to the reporting, of a rise in prices of all commodities. : Government spokesmen repeatedly declare that a repetition of the experience of 1914-20 must' be avoided, but the first four months of this war nave been scarcely reassuring. Prices rose 31 per cent, between August 30 and January 16. compared with an increase of only 7.6 per cent, during the first four months of the last war; Fifteen months passed during the last war before prices rose to the same extent. However, the present rises are due to some extent to special influences. Part of the advance since the outbreak of war is due to factors over which the Government had little control.
One of the most important financial barometers, the figures of' the "big five." namely, the major banks, is now complete. All maintained their dividends. The net profits, after providing for taxation, show an average decline of 7.86 per cent, but it is believed that if the banks had disclosed their profits before deducting taxes they would have shown a small increase in>profits. /? .■■ . . ■ •'
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Bibliographic details
Evening Post, Volume CXXIX, Issue 18, 22 January 1940, Page 10
Word Count
197NOT REASSURING Evening Post, Volume CXXIX, Issue 18, 22 January 1940, Page 10
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