“THERE IS NO SLUMP"
A CONVINCING DECLARATION MR REGINALD McKENNA (United Press Association) (By Electric Telegraph—Copyright) LONDON, Dec. 7. “There is no slump and no reason to anticipate a slump,” declared Mr Reginald McKenna in a speech at Birmingham. He pointed out that the recent setback in certain sections of trade had been caused by the almost complete cessation of expenditure by big American industrial companies. When they ceased to buy raw materals prices fell and this affected the Stock Exchange, resulting in a certain decline in luxury trade, but returns from all over the country gave no indication that the decline was general,
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Bibliographic details
Otago Daily Times, Issue 23370, 9 December 1937, Page 10
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104“THERE IS NO SLUMP" Otago Daily Times, Issue 23370, 9 December 1937, Page 10
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