FINANCE AND TRADE.

Hokitika Guardian, 20 October 1921, Page 1

FINANCE AND TRADE.

, CONDITIONS IN 11!! ITA IN. LONDON. Orl. In. The chantie r *unlit inn of the l''ivU;ii rxrhMill's lias rails,ml Mum. illinisini'ss on I lir Stork Kxrlianrr. Tlu'l" also is i liuiviiiisncss ii'oanlino the rotii-r ol events lollin' illsi tlio Silrsiall ilrrlslon. lint in spile of these adverse re lo:s. oil I riloril srriiiilirs lorn I roll .111 out stand in;;, fealill'r ol stivnj't!i. Au.ril ".v i lie lavutirnhle position ami Om I 11 "'" prris of tin' money market, there is a likelihood ol numerous lira issues ol Colonial stocks, of "hull a lone i|Uciie is waililie thru turn anil all seem likely to lie ilisorlieil. The New '-011111 S\a’eloan 1,a,1 a 1 elVerl on tlte ii.arkel. tkoueli sales | |V "stays'; v.in 0„. wr • I stock Oil tile Ilia Iki t Oil i'l l lv tl’.e.'. Ireeiveil tlirir allotment miles .-nii'e I ' '•' price to ease to about a ipi.nler dl.caint. I'll,. ~\t 1 aonlimi 1 \ slump in tin 1 *" "■ 1,0111 mail; lias u<l shade" e,l ail oil.. 1 movements on tlie I'mcipn evriiy, market. The ilium iliate cause e. t slump is undoubtedly lie- "ih'siau 'lcc'si.ni, hut it is point,.,! "oil! cmi lh" 1 apiil in, l ease in inllation anil limit us in the mark wlneli has urn" 11 eimrii.nii.s----i |v lately hnili in ton ni.uiy ami iimoan i 111:1 lv'‘ ally «Ir! It:** P 1 , i'tuam-ici s lluu ninny is deliberately eneetiraetiiy ,h t. iaeaI lon in ol tler 10 have an e.-.rii e lor n l t fiillilline the reparation terms. Coloii'- ] i-, lent to this asset (ion hyct.h.e I'omnrkable Iteailino to an article in the "Vossische /eituii.o” on "The blessings that Mow from the lull .n the matk." Ihe join mil says tin- fall makes the ho, mi in prmhlet 101 l anal expoi i v hieli. it a’t m rial, unhealthy ami Mediae. is '> up i Mi r itt-tla v and m-inort ow <*\l: nonlinpiolits to (lerinan industry, ouaiI atilreino Cei'inan "oikmen "orit and In,.ad. In mine of the (treat industrial ! Slate- is there so little uncinploymeld ! is ill Cei 111anv. At the rale at "hieh ' nmiie' is sinkino, ant i-ilumpino I Ims aain-t Us must Leak do" 11. I m\\ j ran m it'"' prevent Ceimaii eon,petit,oil ioroino ahead. ! The decline in the mark is having an i rile, t an several of our markets. 111. i ■ ; nl,|v met als and "'ool. Cl hue drrI n 1:1*11 v has I,ecu 1h.,. la,pec Kuiepean haver of copper, the recent decline ill I "li'ieli is almost entirely due to the cessation ol Cermaii activity. I e (:e, 111:111 demand at the "00l sales al-o s!:o"s a most marked diminution eomI pared «'ith previous sales. Tins is a ; 'list hiiej, facto,, and one "cll-kno" ; wool authority says there is undonhlet nervousness reti'ardi no the stahihiy m values fin next year's ilne lareelv to the fall m the in;:u m Ihr „rm *a I disi|iiieiude uranium Cel-

lIKIII lillil 111-l*- . . Tin' l.ainasliii'c in* 1"' i s !i nwM ;i ilislim-t improvement during list vein - . Ivnlw* lor "a; nnv iirtirlf have sti mnli«t. (l n ‘h'"‘a»u i,„ "i<>t =>=<•«i>••• l " 1 ; ' )i ': , l ' lur ' lion is inn vet nt lull siren- "an.' I ivos lIIV Still nneniployiMl. . A sntisfiirlni'V It'll t lire is ill.' II |»1 •! 1=» U . ." in lII.' vuliK! of si neks, wlit.'li lias u,iiloiilil.'.Hy pi'i’vcnl.'il limilii'iii 1 (liilkmllios Tlioi'.' si'.'ins In In' grotunl to nelicvo 11int better times are nlieiid for l.nm-iisliiro. Then) is little likelihood

~a<le slipping li:u-U 1.. s"eh :l ,|, ‘- ,„essin„ as exiUe.l in ll»' summer Tl,f |,ru>p<‘ ! 'l snl lII.' cot ton industrv uiv hi ighter *><»” •' iiin.’. Tin'n' is ii l i-H.'i i .'mu.nl ."... must imu'li.'ts al.miul, anil every I.K.'l' ..I' pi in's a lilu 1 k 1.11 0 ill.' .‘nil nl .1"' 1 ini|.i ..v.'Mi.-nt in mu " :ls a na Ini n I s.'i|il.'iic>' "I tl.«' .If i'i'i. '‘ ll ,; j,,, a t|.s nl' I In' output in too t nit.'il St ill's Tin latest .'St lilt.lies ill'll. J'' Ilia. tl.f output will *L’” V 7~M 1 liali's. 1-. mi p:i. I'd will. 11 - ii;hi I'm' ilm |ir<'t i'.'.s si'ii.siiii. Wheat Ireiglus have I'm Hi"' tleehiieil i.\\ iii l ' tu I lie eessai mu ut all enquiry | min t lie Anient ine. N'ort I. I’aeiiie, it ml llm Kast. The lull cargo niarUet is |,.| t open til Ameriea ami Anstrnlni. Miii'li tonnage is ]>iepn:eil to if >» Australia in latllasi. The present figures are ms to (Ills. aeeor.lme t" pnVl of Instiling, with some Jignres tor Son'll Australia anil Victoria. Novein--1,. , hauling, nl •'■7s till.