BRITISH TRAPE.

Hokitika Guardian, 31 October 1923, Page 4

BRITISH TRAPE.

I'niCPN'iCM n,V UKVIK'o’. Tin-: stock !•: can-.;;:. London, ih, The news of the Mi-cail-'d rovo!ui:n.i in ( iermnay, report ■- of r.n iu.'kiiiiui of ( the currency with the re.•lilting toil in the Arne! it an exehange. and rumour.; of liie possibility of an ad\ :::a e in the bank r;t! e as a dei'-ie it e ilk-'.iir .. (.unbilled io faic.e some unea-in •••. on tie .‘'lock E a liaiige i.l ily i u tic i. t h . However, the Civmit r’x ai.tmiim i-m -nt. following Air ABKennaN sjcceh. wliieli was regarded as rep,willing ilc vie.-, - of the leading bankers, bad";, r. Mowing ell. i■ , and ti«. mo.'ln I- , - I wit!; tieeidedly brighter f. eliuglie p ruoi ui ihe lull- , ;i, si i'-ag. h if id e Slack Em hanc.e is to be found in t• fact that over ifThoU o, y t ..pita] has Ileeu li-iated this moutli. Tr;a oi: iaihiovemknt. 1 lie slight improvement in Britain's

trai!-,.' t r ported a i'orlniglii ago mtitinue--. ami aeetirdiiig l-i the * E-cio:-, m si" n - -enis i hat la. it,• . ,• .-I .. , hi re completely di-count t!: >■ ~i a .hat ; tm lump- n in hintope, exeeiu. of j eoi.rse. a s. rioiis oliri rca.k of war. I; is , true that uiieinpleymem figures have shown -i small it.Civile .-iiu-e tie- end ,

of Septenibt r'. but this iu- r. ase is really j less than wind is normally to he ex- < 1 cried at this time of the year - the j i ■ - - -! t of it e ui-Tumiv! s iukaee ol'j omphe. men t hi tie.-- die ; i rude. ! Bio-,! m| hi.-tt'-r trath- a, tv !■" d'-dm-d ! i old t h" fai t liial l in- prices ci i;:11 t'ial .ve, uriiies on i he Meek Km hange are appreciably tinner the.-: three months ago. tied the “ ik-oiioiti i-.t" shows that the net jirolila of over llLd indue trial companies, v. he e rep<-n-, were i-sued in .1 -:!y. Am.-e-i end Si litem her. amoimivii to 1 r.-'J millions. •.-impart'd with C 1 in the con- - ponding reoons published a v ■ r u Tlu- evidence of these :-:u-t; i- e.-u----finnetl by reports ivkniug ie various industries and market--. Till-: DOi.l.Ai! KNCHANi.K. | The eolhtp.se of the dollar cm hang,- j early in the week was due partly te j seasonal caiisi-s, hut undoubtedly the j

chief reason was ilio talk of inflation by the. Government in connection with the unemployment relief scheme. This caused many business houses here and on the Continent hurriedly to cover their requirements in dollars for the customary autumn payments to the t oiled States, under the impression that there would he a further adverse movemont in exchange if the inflation rumours proved well founded. air Baldwin's speech removed this apprehon* ion. T'.OOdl IX T.F.A!). .'t lecture of the metal markets has I’cui the soe;:i;V'ular advnme in lead, which now qa jted at £dO os. A week ano i lie turnover for the week amounted to i tens. A -ap ;in.' 1., ;; ]e.udiiie firm of metal brokers this was due to the cable industry's requirements for prompt lead. There does not seem to hr any likelihood of a proiimpieed renetiou in prices till this demaml is satislied. The Idrth level now readied ihouud to eni ourn-'o i liniment-e and the wide hm k'v.irdn* ion is a si':" ef an nr-iia.-iai no-iii n v.ki-h ir-< hardly w. • !.. s' ’ d ad as • 1, raj • than Tin* market h; . las-eo'e rrther out o, hand. HOaIMW.MM) ( iiCaTiny;;. The freight market is sfendv .boas homeward ehart :rlny; for foodstuffi. eaneenied. with s one a tivtiy i: 1 11: •* America;! ernin market. So far no dial if't'inir i.f any imn iria.im.- lea been dene it r me t -"a-oirs Austra'ian wh ad. . liipiuiMit s t o t hi- I 'n ited I'i ; •'hiii tliouel: d- liimrv !■ stores to .Sayan pro reported ai ■■ ft.l per i on. From d, a ltd II i- lam] I h omd a Ihe ■ hipim r.--.' ideas for aha' to ; to Liu.' I'niled Kingdom. hut at |T.a aid idle owners of tirt In o |i a;i;a '* ■ vPi not look' at tills their.'. !• !;•:)/" ii. Minn's. Till A•• : I-I liar! la. .veil l-f. hid i. 1 ••1. lar ikl- •• ■ .<:! lua- l."r " IPiet dtsapi oimi.ie. The jiriea.--. prevmliim; here ]i nve little if any profit to the import ■ ors. Sydney blue-, .are now quoted a.t and e'.'eii at t!a-a. prims few are r'.oiw' in: n t anstHiit.t ion. Th - c'lmf cut-e of i his urn at islVeforv a I of tiliair; i • Iha h ova sen: lie - : aha lid:. iv'o I; net only have ,- l ,:.ie nil llie l’a r. ! a iii.'inlli earli o- thnn -mini. I.::t ara n-! 1 : !)" niora plenlilhii than in a.ny period for a quart"!* of a reulnry. oilier eau.se of the poor demand is the (■' aa.pness of meat. ('ottsuitU'r:. of frosti*ii rahhits mostly lieloim; to (he pot'rrst eliis: V.ll'l had that flow'll 1 aef at siNUem e a i-i'is! (and niueii of it iheina r'l udad ill thi- hyae-i is ii:ore i"'a|-oai! a] ihan rahhits at the s; ilia prise. ITv-d i.ided ['n'.rh.sii ra.otots "Iliiie in the mark"'..- at sixpence to eiy'li 1 1i-asice a pound. and <)-*- tend (aun rabbits. simeially reared on the Mahiiau sued dimes, are obtainable at 1 el; pal a -e.