DEPRESSED PRICES
COMMODITIES AT LOW EBB IN BRITAIN TIN AND RUBBER QUOTAS SLASHED. DEMAND FOR GILT-EDGED STOCKS. (Recd This Day, 11.5 a.m.) LONDON, June 3. The.markets continue to drift downward. A most disquieting feature is the collapse .of commodity prices. The statistical position of many commodities has now so deteriorated that a very considerable expansion of demand is necessary if the price structure is to enjoy any appreciable benefit this year. The ruthless slash of tin and rubber quotas reveals that the future of these commodities will depend on the outcome of the race between curtailment of output and growth of stocks. The Rubber Committee’s decision may prevent the stock position getting out of hand, but may also cause very severe labour troubles and increase costs. —.
Gilt-edged stocks, in contrast to the rest of the market, has been persistently good and have produced sonic optimism about the long-term political situation.
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Wairarapa Times-Age, 4 June 1938, Page 7
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150DEPRESSED PRICES Wairarapa Times-Age, 4 June 1938, Page 7
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