BRITISH INDUSTRY.
RESPONSE TO STIMULI. LONDON. April 14. Mr Chamberlain’s speech in the House of Commons has not restored any immediate confidence to the markets, which closed the week raggedly. Gilt-edged securities are further marked down and foreign bonds are weak. Home industrial issues are generally lower.
Business, under the double stimulus of easy credit and rearmament, is still on the upgrade. Steel production for March is within a fraction of the all-time record of the autumn of 1937. The iron output is moving swiftly ahead, while weekly rail traffic figures show substantial gains compared with last year.
The naval activity has prevented any substantial fall in shipbuilding employ-
ment
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Manawatu Standard, Volume LIX, Issue 116, 17 April 1939, Page 7
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110BRITISH INDUSTRY. Manawatu Standard, Volume LIX, Issue 116, 17 April 1939, Page 7
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