AUSTRALIA’S INCOME RISING
MARKETS ON SOLID FOUNDATION. INCREASE MAY BE £90,000,000. By Telegraph—Press Assn. —Copyright. Sydney, Oct. 15. Australia’s national income will recover by £90,000,000 during the current year if the present higher prices are maintained, says the financial editor of the Telegraph. In four weeks the values of industrial securities have increased by £60,000,000 on the Stock Exchange. Many leading stocks yesterday touched the highest level for months. Wool prices are up 25 per cent., with the world buying strongly. Wheat has jumped from 2s 3d to 2s lOd a bushel. Lead is up 21 per cent, and silver 35 per cent.
The writer points out that, although a slight relapse must be expected, the market is growing stronger on a solid foundation.
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Taranaki Daily News, 16 October 1931, Page 3
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124AUSTRALIA’S INCOME RISING Taranaki Daily News, 16 October 1931, Page 3
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