PARTIAL RECOVERY
BETTER FEELING IN LONDON CITY COMMODITY PRICES STILL VERY LOW. AMERICAN INFLUENCES BLAMED. By Telegraph.—Press Association. (Received This Day, 11.40 a.m.) LONDON, April 1. The resiliency of revenue, with the implication that there will not be a big increase in taxation in the coming year, combined with reports that an Anglo-Italian agreement is imminent, have contributed to a better feeling in the city, notably in gilt-edged stocks. Most other sections of the market are also stronger, but the recovery is only partial compared with the declines of the past fortnight. The “Economist” says American influences are almost wholly responsible for the continued fall in the prices of commodities. Copper, tin, rubber and silver have all touched new low levels, though there has been some recovery from the worst position.
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Wairarapa Times-Age, 2 April 1938, Page 7
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131PARTIAL RECOVERY Wairarapa Times-Age, 2 April 1938, Page 7
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