“BOTTOM OF DEPRESSION”
BRITISH PAPER HOPEFUL. SIGNS INDICATE RECOVERY. By Telegraph—Press Assn. —Copyright. Rec. 6 p.m. London, July 30. “It Is at least possible to hope that the bottom of the depression has been reached, even if the recovery la to prove slow and attended- by many difficulties,” declares the paper Economist. “This opinion is fortified by the improved ’ tendency of. the stock markets and the success of the conversion loan. “Senator W. E. Borah’s war ’debt pronouncement, to which London financial circles attach great importance, and Wall Street’s long-delayed revival are also welcomed in Britain. “Commodity prices show a better trend, especially butter, owing to the likelihood of the early withdrawal -of partial prohibitions against Danish butter entering Germany and Holland. Copenhagen’s quotations have steadily risen during recent weeks. ..
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Taranaki Daily News, 1 August 1932, Page 6
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130“BOTTOM OF DEPRESSION” Taranaki Daily News, 1 August 1932, Page 6
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