BRITISH TRADE

Hokitika Guardian, 10 January 1923, Page 3

BRITISH TRADE

AX t)PTIM!.-.T!C FEELING. (At:)!) Ot 'Ti .OOK FOR Wool. AND DAIRY PitODPCE. LONDON. Jail. ti. The New Year open- with an optimistic feeling regarding the improvement ej i rude, for v, lii. 'ii I here appear.- to lie roii-iderable i u-t i lira I ton. One ol the mo-t salisiaitory leal ore- lias lieen the -laheliiv ol Ihe level of eoiiiniodi ly prices a- recorded in the ‘ ‘ I'.cenotn ist. Daring the "hole of Itthe greatest ja'i'e. i lane ol change "a - oul,\ 9. t. and ut the cml ot the year the index figure ue- practically the -aim' a- al the eninmeneeiiieiit. \ - ■’l'arelay s Rank Re\i, '' p,o t - mil. the lin port a lire iil ti,!.- 11 eciloii] from vmleiii II net uat ion can hardly tie exaggerated. it lias o really simplified tfie profileni of Ii i; 111- : hru, n " liicli renal i lied Imm the infiaici 1,0, mi ol lie’ >*ail\ po-1.-a mi ist iei l

jicriml, rial largely removed the natural In .ilnli of tiiiyei s. Twelve luollt lis ol rela; ivo pi’irc siatniily ha- also ruulileil uitmii progre-.- to lie made in the readjustment ol ro-is ol pmduetiiyi to the altered -elite of international { oni j tel 11 a, 11. Mage- hate been reduced j., - ca.-e- more drast leall;. than i-dc-irnbie. but profit- iia-.e al-o lieen ie,bleed drast ie. illy, and the eompari-un 1 1* ■t v. eel, t lie-e two laeiotin cox I - is no longer ojieii to th" ei:!!e!-!n "hich was in -inuc n e. i u r i ned dm me t fie

ri ifi• :a i ; n c-peri t \ ol 1 9'-h 1 . wio: i< exchange confident

The Stuck Exebange opened the New Year with a decidedly confident tone, red the reparation erisi- had no appreciable effect till ye-lcrday. when news el the lireakdo" Il ot the eontereiiee eati-ed some selling fiv iu-aiid-oiit oj>eraior-', who tuistelied to take profits v lieu liter had accrued : but tor the create;’ start of the week the case of monetary conditions and I lie large amount ol money coming lorward tm iii'.e-tineul out weight'd the political ini'iience-. There ha- lieen considerable activity, and -nine large blocks of shales. especially industrials. have, been readily absorbed by lbe public. , This i- regarded as a clear indication ot I tie prevailing o|>tmii-m covering the, general prospects for the current year. ROOD Oi’Ti.ROK FOR WOOL.

('< ,i,i ment ing on the woo] position, a London wo;,l-ini|)orlii'.g firm points out dial there is all itierea-ed con-uniplion

per head of the itopttlatinns in all ""(>!- r i -iny countries. , orre-poiidittg to the higher standard of liting. and due partlv to increased wages and sliortet working hours. Another factor has been flic enormous inerca-e in the outjdovmeni ~f v oiiH-n 111 clerical and similar undertakings in recent years, re-

sult itm in a greatly increased demand for better-fins- fabrics. This is likely , to lie permanent and justifies the eon- ’ (dll-ion that th*' world’s wool requirements have, for the present, outstripr,.d ihe total annual productiun. The ■ iuvseiii position ol prices would, therefore. seem to he justified, espeetaily in vmw of the higher level of commodity tiris's c(>iiorn 11 y.

KEEN DEMAND KOI! BETTER. Tlm I,utter market. is displaying great strength, although, over 270,009 boxes have arrived this week from Australia and New Zealand, and the quantities alloat liotiiid to Britain trout these countries, are about 39 1,00(1 and .I- 1.(111(1 boxes resjicet ively. Ihe mar-

ket ha- lieen stretlgtliend by entiled reports of dry weather in New South Wale- and Queen .-la ltd ; hut the principal cause of Ihe linn ness is the splendid consumptive demand which, so far, fill- not licet! affected by Hie increase in l he retail price to 'J’-’d P'T pound. This I gives retailers little or no profit. ami an advance to 2s is probable next week. Possibly this may seriously ettri;,,| i 1,,. demand, hut the quality is so that many consumers will cont I,:;, ~ purehn-e. Another fen Hire of the strength of .. !,utter Iliad"’! i- the Continental dentil d " hich is tib-oidiing 1 In’ greater Denmark's output, as the United *-1 ate- iipp: ars lo have >to|iped dig Diiui-ii hut ter and is taking Xc”. Zealand instead. It is reported |,. ~ tb.’u the Init ed Stales has pur- , ...ed 159.0! “ luxe- ol New Zealand i.utter lor direct shipment. CHEESE market strong. The ilmese market is also very -irung, owing to short supplies. It is estimated that the availatde stocks ot ..i| ... ;i| t . only about one-quarter ~l "hat tl.ev "ere last January, ant! a- pro-metive supplies ot imported ~boose appear to he considerably bek," the average coiisumption, the high ~rices "ill probably continue. The retail price at present is l td per .pound, ;iml an advance oi i’ll is probable.