BRITISH TRADE.

Hokitika Guardian, 28 November 1923, Page 3

BRITISH TRADE.

Fliß’lNlOini.Y REYIFAY. 'IT-] F. STOCK KXt 11 ANGiv I .ON DO X, X »v. 2 f , . i. - J—iression and gviiAi ter ten ,la> - u. p ll eral uneasiness, arising trout Uie vau-e> a fortnight ago. the sunk l.x i \\ edue' -, av suddenly took 11 'A ' G, I,wr and ch.md ye.,teidav in an atmosphere ot cheeiluliuy V.kick was as surprising as u was "O

money MORE easy. Early this week the filing ot dopression was such, that the l’W«t „f (,nv new issues seemed out ot tlu. question till after the General Election a ‘t least, but the recovery ot ar.o.it ten vents in the Ne" ’- | . exchange had such a .ap.d t '.vc-tcv-!h,v. was over subscribed in two hm.rs and it was possible to underwrite tlu Lli, Australian and Tasmanian loans it hi ut the slightest difiiculty . THE depression RAM • Til,, success of these new issue operations is regarded as an indication that the depression K ,uml lh f , Ua! '° with which gilt-edgeds recovered from their serious set-back U accepted as M, .win- that confidence was not b> anv means severely shaken. The scare produced by the vague talk of the possibilities of a Labour victory at the election and of a capital levy ms amost disappeared, suhl the Stock Ex-

! chF.ngo gonorally anticipates r. return of tho Conservative Party, with a fair working majority. BUTTER AfARKET STRONG. The butter market retains its strength. Although trade at advanced prices is slow, importers consider that then i-. little prospect of any decline in values, in view of the shoratge of Australian exports and the fact that the United States is buying considerably quantities in New Zealand. The Americans have also bought a lair amount of Dutch and Danish lately. BORIC ACID AND BUTTER. The committee appointed by the Ministry of Health in duly to investi--Iho use oi urosorvntivo-» in is approaching tho ontl of labour*. There i- oonsidorahle apprehension anionic hmter importers that the eotnmittee may recommencl the prohibition t I i],c use ol herie acid to })i'cservr hutter. This apprehension arises trom various views on the snbioot oxpivsscil I,v memhers of the committee wlien examining witnesses. Tin* abolition of the u.se oi boric acid would he a tremendous blow to the New Zealand and Australian butter industry, and the su;i<restion is made that tile produeer* should take action in the matter. lor years the amount ot boric acid allowed iu butier has been .0o per cent, and wha n the matter was last under discussion medical evidence was e;iven to show that this puantitv was quite* harmless, one doctor testifying that Ik had taken a «iraiu of boric acid daily without any il! effects. Tll K K(;0 .MAHKKT. r |'he trade in Xew Zealand and Australian continues most sntisiaetory, the demand excellent, as (V*m inental supplies are somewhat ro strieted. The lat<'st arrival of H>-o ciim'x from Xt• w Zealand in the Unto rua were landed in line condition, and importers consider that they are llie best that have been landed. They realised fr«»m l?-s (?d to lor I-(I. DH I lui) I’d* r ITS. The drie I fi’tiit trade s some improvement, as retailers are Imyiue irt'tdy for the ( hri"Una> market. Australian l.exia.s cleared well at o‘Js, and tin* market is now hair, wbib* oSs is asked for the moderate quantity duo to arrive next week. Australian currants an* also meeting with an improved demand, follow iini; another reduction in price, and fair quantities are sfllimj; at about ‘uT> for Hire** crowns and oOe for two crowns, bii* - sultanas an* still very tliMicult tn mnvo as plenty of Smyrmts ami (.’reeks are available. THK "KCoXOdIST'S” IJKYTKW. i;eviewin«4 tlu* state of trade, the Kemiomistsays : —“The of a slight increase in j»mduetion which have been seen duiiiiu; tin* last two months are 4*0:1 firmed by a further ex- | ausioii of 1 lie iron and stand industry, a brighter outlook in the on/iineerinp iradr. mi ! a rise cf 8 per rent in shijijdnii freights. Ah re lvusim*ss is beitifi (loiii in the ooiion indu-rry. chiefly ovvin;_: (?► tile rather better Indian demand. The employment figures fonfirm the tendency towards improvement, for they have ivmni'tf'd pra f ‘tt* ally stahii limy lor lln last two months, when a reason'd decline iu employment is ordinarily expected.- ’ \ zSßtmuaaiKum xui ■rrnr’.rTmTrtfa’a