TRADE SUMMARY
FLUCTUATIONS IN COMMODITY i PRICES i {United Press Association — By Elecirlo | Telegraph—Copy ri«Jtl LONDON, 14th November. | While investors have but little cause ; for satisfaction with the market move- : meats during the past week, they now ! have rather more reason for hope, j For technical, if for no other reasons, ■ some modest recovery should be imminent. News from America encourages the hope that President Roosevelt will at last make a determined effort to restore prosperity. Pending a definite lead from America, London is tending to mark time, j Australian and other Dominion [ stocks share in the strength of giltedged securities. Foreign bondholders have received a nasty shock from Brazil's default, which has aroused the fiercest indignation. Industrial shares had a rather unsatisfactory week and an increase of 50,000 in the unemployed was hardly encouraging to them. Fluctuations in commodity prices have been extremely marked and nerve-racking. The markets seemed to be completely demoralised on Monday with tin at £175 per ton and rubber below 7d per lb. Thursday markets were as optimistic as they were depressed on Monday, but they then again turned erratic. No doubt the commodity and share markets have washed out the effects of the favourable news from the United States. Lead made a sharp recovery.
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Bibliographic details
Nelson Evening Mail, Volume LXXI, 16 November 1937, Page 6
Word Count
210TRADE SUMMARY Nelson Evening Mail, Volume LXXI, 16 November 1937, Page 6
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