BRITESH TRADE

Hokitika Guardian, 4 January 1923, Page 3

BRITESH TRADE

THE IM PROVED OiTl.Oiiix. ! [ ' * M.l'.-ii.I.VN IV. i * IM. (■ AS, ut lA'Jllj.*,. i! I,ON DON. Dec. :i(). ('mnmcntiwg tin the bvhier business cm t look, .loir AI ucka v Edgar (of the h'oniliin iianUiiig firm of Sperling and ( ".) stales thtTt alrmidy there is a distinct improvement in oncry hraneli jj oi trade eeiuptii-ed .viili lasi year. "I an -j 11 i-lit •< I tiim the mni of Ihe tide * oas actually come " 1 l.ortl Is. cerloilme in an article iu •’ "Current Opinion.'’ states:—"To all of us cngc'ts'd jo industry rcc<t>v«ry ■. appears to Oe slow and tedious, hut if wo compare the position to-day with ’’ llinl of Invoice month,s ago we iiud that i.'c prog mss aeiiievcd is reallv msirrclees." ( i lie year 1022 witnessed a reniarkahle iise ill ihu value of public sucuritics. 'I lie "Bankers’ Magazine” gives 11 a list of .",-7 represontalive securities ibe capital value of which appreciated T during lbs year by 0712,000,(100, or >3.2 per cent. The principal apprecia- H ileus were in British railway ordinary, stocks which improved 5-1 per cent: foi—ign railways. 50 per eenl : colonial : comment stocks, wliicii improved by :li per cent and colonial corporations. 13 per cent. Thmiotal of new money subscribed icr pio.de issues in tin- United Kingdr in ill 1022 a nomited to C 585,000,000, compared with 15193,1)00.0011 in the prol ions year, Ci .352.000,000 in i!l|8. which was a record year. Of the money A subscribed in 1922 over 0459.000.000 was invests:! in Governmeuf and muni- M