London ’Change Depression
(Received 12.30 p.m.) LONDON, July 15. The reaction on Wall Street on unfavourable reports on home industries and renewed fears of international tension, interrupted the return of confidence to the London markets, which ended the week in steady, if orderly retreat. It appears that Britain must rely on rearmament to keep things going until the United States recovery is far enough advanced to have international repercussions. Overseas trade figures must rely on ing anxiety, as they reveal with disquieting clarity the deterioration in Britain’s position and decline in exports, strongly surggesting that Britain’s prices are above the world level.
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Northern Advocate, 16 July 1938, Page 7
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102London ’Change Depression Northern Advocate, 16 July 1938, Page 7
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