50 YEARS AGO — JUNE, 1937 — The gold rush

Although the local stock market gave little sign of it, in world circles the uneasiness over gold subsided somewhat. Amounts of dishoarded gold offering upon the London market were smaller, showing growth of a general feeling among the informed that the price is not to be changed downward, or else a drying up of private supplies. There is a possibility of inflation in the U.S. coming to the front again. One certain end of the labor disturbances is a higher wage scale and higher prices for all goods. Reprinted from The Northern Miner, June 1937.