Finance and Trade

Hokitika Guardian, 24 March 1923, Page 4

Finance and Trade

Ill;iTIS|I REVIEW. LONDON. March I. Tim improvcnient in tiade emitiniies, ,ili l.migli progress can hardly he described as rapid. The ltnempluy men I iigure- show that the worker- are being gradually absorbed. At the end i | |- ebniarv the unemployed registered in (ireal lirilain and Northern Ireland 1.. I .on.pared will | . hitl.ptlt) at the end ol January. Tin Mini -try m Labour < hi/.el le says : " Employment during I-ebntary '.igood at the coal mines, and in tin steel sheet ma nut act ure and ""istei trades, t'airlv good in Die Dnplatc trade, and fail in the mm and steel, woollen, hosiery, into, carpel, icady made elmlmig. and paper trade-. I’.m----p 1 11 v 111 e 11 1 continues slack m most ol the Other large industries, but there improveuient in the iron mining. pjg.iron. engineering. shipbuilding, iiiriiiture. and poHerv industries. THE STOCK exchange. Mu.ii-e.- oil tin- Stock Exchange Ims | . ~, .lull iml somewbal unintei e-i ing. 1 1.. -'ins* lint i, eal-le liatore 1.-eing Die slackening of the recent demand Inr .speculative seeitriUe-. and a retiirn I" ;.-c. I*l r- 111 gilt-edged*. a Inch have been good demand wit h improving price-. This si length of gilt-edged- is regard--1,, -.line qtiniior., a* an indication (hat tlm ( l:ancellor of the Exchequer in his Pud ,m - ill us- bi- surplus of ‘MOP .Or-fl.llOO for dehi redemption |!than fora reiluel ion in tPxaHoii. de-pile the fact that Sir Erie Geddes'x views have many adherent- who are , bmiouring for relief Ir-m taxation, which they contend is absolutely essential In give trade its tmieh needed

i !*!])< ’t US. TIIK KXCIIANOI^. T!*«* ioicicni oxclisHiire mnrkot sloMflv, will* only u;»i \nu< in nn>x.t oniTonfio". n intomsl ing <*«'- kfon i!:* 1 rise tr* piir r, i I !}<» Sw!<s i rniw- rxrhn\vhi< , li. nvor sln<-(‘ i hr* wnr. Inis st.nn«l at a Irvol »'•*- ]Tn*sf'!i t i»• tin* |Mium! si t•r! i i»ci. at a (ii" c <unl. K.»r sunn* infillt!is [Ta-i tin* rtni* },;iv ri-sii» j . t in* mnvrintml }•};<!im'i."' l-.v t l '* thnnit at tin* i»>.,! nt l U'2'2 ol a levy on mi pi In 1. Al l In.this did not matorialiso. it can-cd larm* u it inh awals ol inon , *y from Sv.-it/rrlnnd. ‘Sdioro an- only hvo ( unt inon! al ox('Holland and Suvdoi. now lu*low parity. DEMAND FDR TIN. The tin market displays lurlher ren ; t It. as tin; demand continues on an on.iiunoils scale, and there is a prospect of a record output by the tinplate nidiistrv. There nmv he reactions Irom tilin' lo lime, lull the tendency |, ini' prices In advance further, sde.cks Irom the Dutch East Indies, pi those in the (Inverniueiii’s j hands, are depicted. Commenting on j the position. Die "Eciiiiomisi says:---l ■ Th" iveOil! rise owes le-s to toll manipulntion, and in tact the statistical position is thoroughly sound, t hanks in some measure to the controlled surplus having been so lightly •held." THE CHEESE .MARKET. The cheese market continues to advame, and the upward movement appears likely to continue, for supplies are below requirements. The quaillily lo al'l'iv-' 'ill the end of Apri! ei-usi-is of only Ti's.ooo ,-rates of New t Zealand, and t'L.'.'H) . rat.-, of AusfrtiIi: > it. and there are no stocks here. ( ' asiimpi i n i- wcillderl e.lly good, largely owing lo the excellent quality i * N'.-w Ze.iLmd cheese. The only que-fion is whether it will not he cheeked bv Ihe rise in the retail price, which i' inevitable. Shops are now charging Is Id a pound tor cheese costing them IH, a cut, leaving no margin of protit. mi that an advance in the retail price of at least I’d is expected. MARKING OF I MT’ORTED EGOS. The question o| marking iin|>orloc 1 i -i, a ou.ing great controversy, not only in Rar'lanient. hut among the pulilje eeiierally. The Labour Party regard the Dill a~ an insidious attempt in introduce protection to the disadvantage of tho consumer. Certainly it appears that compulsory marking wd! reduce supplies of foreign eggs. Uiidmit'iteillv many people are prejmL ie ••! agaia-t D'em. ! >s a trade paper ! points cut. ik-ere are rett'-.iis for think-I ii’g that i'i per*.'i’ ■ g, are often much j fr.-sber than egg, nrmlm ed it homo, j for th-- ' ■ 're ’ " quite fresh. I and keen ill ■■■';»' I "■'ll. Ii r i.':U r m long I period, while roLedv knows win n home j eggs were laid or throuiTi hew many