TRADE DEPRESSION PASSING
THE CORNER TURNED IN ENGLAND PROGRESS IN LIQUIDATION OF COMMODITIES By Teletreph—Frees Aesoolatioa—CoorrleM London, November 10. The Financial Editor of “The Times” writes: “Wo have touched bottom in the greatest trade depression in British history. The corner has been turned, md considerable progress made in the liquidation of commodities which were frozen up last year, and corresponding credits have been released. Prices, especially for raw materials, are rising; shipping freights show a 40 per, cent, reduction; exports ar* considerably expanding, and imports are decreasing, the bank rate is not likely to be reduced below 5 pet cent.,>for the present at any rat*. Satisfactory progress having been made in the liquidation of the pre-war , account on the Steck Exchange, it is probable that fortnightly settlements will bo resumed in the early part of next year. Since 1914 all transactions havs been cash, consequently the amount of speculative business has been very limited It is essential to freer and wider markets that speculative business should be resumed."—“Times.”
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Dominion, Volume 15, Issue 42, 12 November 1921, Page 7
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168TRADE DEPRESSION PASSING Dominion, Volume 15, Issue 42, 12 November 1921, Page 7
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