TIDE ON TURN
RTSE IN COMMODITY PRICES
AN ELEMENT OF PERMANENCE,
(U.P.A. by Elec. Tel Copyright) LONDON, May 14. “Discussing the rise in commodity prices, the Evening Standard says the present upward movement possesses elements of permanence to a greater degree than any spasmodic rallies which on several occasions during the late slump gave rise to hopes that the tide was on. the turn. The rise now taking place commenced several weeks ago, and is of a more general character than previous spurt in the last two years. It is built upon firmer foundations, namely, falling production, increasing consumption, and inflationary measures in America, including the devaluation of the dollar, with an increase in the purchasing power providing the necessary stimulus for world recov-
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11945, 16 May 1933, Page 5
Word Count
124TIDE ON TURN Gisborne Times, Volume LXXIII, Issue 11945, 16 May 1933, Page 5
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