PINNACLE REACHED: CHEAPER PRICES EXPECTED.

Hawera & Normanby Star, Volume LXXXI, Issue LXXXI, 14 May 1920, Page 5

PINNACLE REACHED: CHEAPER PRICES EXPECTED.

VANCOUVER, April 25. A message from New York states that commercial writers are having a busy time explaining last "week's Wall Street break. The general opinion appears to be that, while the break was unexpected and severe," it should not be interpreted as the forerunner of financial depression. The editor of the Commercial states that it indicates that a process of deflation is beginning.- Unless there is an unthought-of stampede, conditions will gradually right themselves. Several writers agree that the costs of .living have probably reached a peak, pointing out *the success of the movements against rent profiteers and the so-called ■ * 'overall' 5 strike. Leading writers admit that in recuperation from the effects of the war England easily holds first place. They expect that the sterling will be at par within six months. Persons who talk of. panic have been misled by those with ulterior motives.