FINANCE AND TRADE

Dominion, Volume 7, Issue 2260, 21 September 1914, Page 6

FINANCE AND TRADE

■ GILT-EDGED SECURITIES NO DIFFICULTY IN LIQUIDATING STOCK . • London, September 17. The "Financial Times" says that tho policy of -fixing minimum prices had been a success; leading to gilt-edged securities being dealt in without diffi- ' culty. Ono firm yesterday sold upwards of £20,000 worth of colonial stock. AMERICAN FOREIGN TRADE. POSITION IMPROVING. New York,' September 18. The 'results of tho war are reflected in the American foreign ' trade .statement. Imports'decreased by'eight millions in August, compared with 1913. exports decreased 7i millions'. The general financial situation is improving. Foreign exchange is declining steadily on'a better supply of bills.' SCARCITY OF DRUGS. BRITISH MANUFACTURE BEGUN. London, Septembor 17. The medical journal, '-The Lancet," draws attention to' tho growing scarcity of important drugs. Tho price of drugs has advanced since the war,began,' and several British firms havo now began the manufacture of certain chemicals. The British Medical Association and tho Pharmaceutical Society'havo arranged with the Government to give freo medical attendance and' medicine to dependents of soldiers and sailors Berving with the colours. The cost will be defrayed out of. the Prince of Wales's Fund. • -. LABOUR AWARDS IN WAR TIME. SYDNEY JUDGE'S. COMMENTS. Sydney, September 19. In the Arbitration Court Mr. Justice Heydon, in refusing an appeal against an award, said he did not intend at present to interfere with awards' Referring to the dislocation of trade and unemployment caused by the war, he declared that.if Government emplojiSes considered it,their duty to tax themselves it was not the time for. private employees to have.their wages increased. They, too, ought, to ccino to the rescue. WHEAT SEIZURE IN NEW SOUTH WALES. STATE CONTROL OF PRICES. Sydney, September 19. It is understood that a portion of the seized wheat, sold under contract prior to the issue of the proclamation, will be releaeed, but this includes contracts for delivery outside Australia.' It is announced that tho price fixed for flour is the wholesalo £gure._ The Inter-State Conference is ' arranging to fix as far' as possible a uniform basis for prices. • . BANK OF ENGLAND. DIVIDEND OF FIVE PER CENT. (Rec. September 19, 5.25 p.m.) ' • London, September 19. The Bank of -England has declared a half-yearly dividend of 5 per cent.— ("Times" and Sydney "Sun" Services.) MISCELLANEOUS ITEMS. GERMAN PATENTS SUSPENSION. ". London, September 18. Many applications have been made to the Courts to declare- void or suspend German patents. HOARDED SUPPLIES TO BE CONFISCATED. (R«c. September 19, 5.25 p.m.) London, September 19. The Board of Trade has authorised the confiscation of all hoarded supplies. —("Times" and Sydney "Sun"- • Services.) NEWSPAPER SUSPENDS PUBLICATION. (Rec. September 19, 5.25 p.m.) London, September 19. The "Daily Herald" has suspended publication.—("Times" and Sydney "Sun" Services.) BRITISH PASSENGERS ON GERMAN STEAMERS. (Rec' September 20, 2.30 p.m.) Lorenzo Marques, September 18. The Zeiten ■■ landed 145 British and forty other passengers at Mozambique. The Portuguese liner Beira brought them to Lorenzo Marques. NO SUGAR. FROM AUSTRALIA. ' (Roe. September 20, 4 p.m.) Melbourne, September 20. A Government proclamation prohibits the export of sugar.