BOTTOM REACHED
(Press. Assn.-
FAVGURABLE SIGNS FOR A TURN OF THE T1DE
— By Telegraph — Copyright) .
Rec. July 31, 5.5 p.m. LONDON, Saturday. It is a;t least possible to hope that the bottom of the depression has been reached, even if reeovery is destined to prove slow and be attended by many difficulties, declares the Economist. This opinion is, it says, fortified by the improved tendency of the stoclc market and the success of the conversion loan. Senator Borah's war debt announcement, to which London financial circles attach great importance, and Wall Street's long delayed revival, are also welcomed in Great Britain. Commodity prices show a better trend, especially butter, owing to the likelihood of an early withdrawal of the partial prohibition upon Danish butter entering Holland. Copenhagen quotations have steadily improved during recent weeks. The Sunday Times expects an early trade agreement between France and the United States as an anticipatory counteiblast to Ottawa, and foresalling the possible loss of trade with British countries.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 289, 1 August 1932, Page 5
Word Count
164BOTTOM REACHED Rotorua Morning Post, Volume 2, Issue 289, 1 August 1932, Page 5
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