CHEERFUL OUTLOOK
LONDON MARKETS. REMARKABLE CHANGE. REVIVAL OF CONFIDENCE. (United Press Association—By Electric Telegraph.—Copyright.) Received April 18, 10.15 a.m. LONDON, April 17. City businessmen have gone for the Easter holidays in an unexpectedly cheerful frame of mind; indeed, the rapidity with which the gloom has lifted from the markets has been nothing short of remarkable. Various factors have contributed to the revival of cohfklence, but it is due chiefly to the better political outlook at the conclusion of the British-ltalian agreement and the formation of the Daladier Government giving promise of political stability in France. Even the news received from America is regarded as favourable.
Tho city is at present in a mood when all news reads like good news. Even the pessimists are inclined to agree that prices should tend upward if only for the reason that the course of England and America now seems set for inflation.
The investors’ Chronicle consider* that copper is the soundest of the has© metals; then comes lead, tin and finally zinc.
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Bibliographic details
Manawatu Standard, Volume LVIII, Issue 118, 18 April 1938, Page 7
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169CHEERFUL OUTLOOK Manawatu Standard, Volume LVIII, Issue 118, 18 April 1938, Page 7
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