All News Is Good News To London
( Received 2.30 p.m.) LONDON, April 17,
The “Commercial Summary” states that city-ites have gone on their Easter holidays in an unexpectedly cheerful frame of mind. Indeed, the rapidity with which the gloom lifted from the market is nothing short of remarkable.
Various factors contributed to the revival of confidence, but it was chiefly the better political outlook, the conclusion of the Anglo-Italian Agreement. and the formation of the Daladier Government giving promise of political stability in France.
Even the news from America is regarded as favourable, for the 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 upwards if only for the reason that the course of England and America now seems set for inflation. The "Investor's Chronicle" considers that copper is the soundest of base metals, then lead and tin and finally zinc.
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Northern Advocate, 18 April 1938, Page 5
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157All News Is Good News To London Northern Advocate, 18 April 1938, Page 5
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