EFFECTS OF THE WAR ON TRADE AND PRICES

Dominion, Volume 8, Issue 2359, 15 January 1915, Page 5

EFFECTS OF THE WAR ON TRADE AND PRICES

A MERCHANT COMPANY'S REPORT London, January;. 13. The Colonial Consignment Company's annual report states that there were no developments. 10 indicate that the world's supply had overtaken the demand. under normal conditions; "but the acutest depression is usually experienced after a war." Large Government orders have absorbed stocks, but the retail, meat trade in Britain is not prosperous. Large numbers of shops have been closed, and the majority of tho. remainder have much curtailed their output. The trade must be re-won when the contracts' lapse. ,The- French Government's heavy purchases are likely to creato a freer market for Australian meat, which will probably be relieved of the differential duty existing in favour of Argentina. ' NEW SOUTH WALES RAILWAYS SUFFER. SERIOUS DROP IN REVENUE.' Sydney, January 14. • Owing to the drought and the war, there is a heavy falling-off in New South Wales railway revenue. ■ It is stated that for the week ending January 2 the shortage "was compared with 1913. The reductions are making an effect over practically the whole State, and there are no indications of an improvement in the position. _ ' It is stated that the authorities hope to maintain the staffs'"employment, though there is a possibility that_ it might be necessary to work short time. ADELAIDE'S LOAF. • JUMPS FRQM 4d. TO 4jd. Adelaide, January 14. The Bakers' Association has raised the price of tho loaf ; delivered, from 4d. to 4}d. The claim is justified as a consequence of the world-wide demand for wheat. . ■ The f.a.q. wheat standard haß heen Axed at 611b., as compared with 601b. last year. ACUTE DISTRESS. ■ Adelaide, January 14. A deputation of unemployed which appealed to the Government for work stated that distress is acute _at Port Adelaide, where SCOO men are idle. Belief was promised. , SENSATIONAL BEEF PRICES. A QUEENSLAND RECORD. Brisbane, January 14. Thero are sensational beef prices at Enoggera, the rates rising from £2 to £3 per head as compared with last week. One bullock sold for £25 ,55., a Queensland record.. • DEPRESSION IN VIENNA. NO TRADE IN CORN AND FLOUR. Vienna, January 13. An official market, report shows that coal is extremely scarce, and that the trade in corn and flour has practically ceased. Many bakeries have been closed. —("Times" and Sydney "Sun" Services.) i ' , FLOUR SUPPLY IN GERMANY, NEW BREAD REGULATIONS. ' London, January 14. Reports from Copenhagen state that the new bread regulations, prohibiting night baking in Germany, caused an extraordinary rush' for flour at the shops. Additional police were called l out. Housewives waited for hours.—("Times" and Sydney "Sun'' Services.) .