(Jewish Telegraphic Agency Mail Service)
The economic “crisis” here is becoming less and less acute, according to a report in the “Palestine Bulletin”, Jerusalem English daily. There is a feeling of optimism that the foundations are now being laid for an enduring stabilization, the paper states.
The reasons for the optimism are ascribed to the removal of financial panic by the definite ascertainment by individual traders and industrialists of their precise position and the increased conveniences afforded by the banks; the good prices commanded by Jaffa oranges in England and in other countries; the hopes of a good crop; the arrival of capitalists and men of means among the new immigrants; the added facilities for employment by the encouragement of public works to be undertaken, particularly the Jaffa-Petach Tikvah highway. Even the pessimists are acknowledging that the skies are clearing.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
