FINANCE AND TRADE.

Hokitika Guardian, 8 January 1924, Page 4

FINANCE AND TRADE.

WEEKLY REVIEW. LONDON, .lan. The .Stock Exchange has had somewhat of a si■ 1 -Lack this week, liusiness was rc.nmed after the New Year’s holiday in a cheerful vein, despite Imr Home political uncertainties: hut the sudden break in the New York exchange, accompanied by tin j further weakness in the French frane. hrouglii about general depression will) I s,,nie pie -at re to sell gilt edgi'ds. I Since then, price- have ilueiutited aeciadiiig in the exchange movements. Tlie decline in New York exchange is attributed to norvoii - ness regarding the abnormal political situation here, with the pie Ability of a Labour Government, which has mdoeed flic export of ■ 1 .i;. 1 1 from London ill New York. Although 'he N. v. Year miens in a cloud II nileerl a in! y igarding Home cvenis, ;m,| lIii" Continental situation is still full of perplexity, it is satisfaeihi v to find that, in most quarters an opiiieistie feeling prevails a- 'o the mtm'e of I’ritisli trade. The pn.-i iion is well deM rilied by the linaneml eoiTespnnileni of the “Spr-ctaior,' who says the closing weeks of 1924 afforded many indentions ot a red stirring of activity in the dry hones of trade. Bankers' (leering' fig the lime r'cn-r in -i t lio.'i* in : !•-. - I*r i, oi.m*i e!, , period of 1'(22. Unemployment figures show a - tend;, iinproveinein in recent week-: and both banking; advance- and deposittemli d to advance during December. I'l'reign erdel's are larger Iliall fi r some tone on < and suin' di-eon !:i,n- id! :b, Sim : :er.v of a la ray r proportion o* • oe:an' n ’''’ ■' G'cypm Indies than u'a ill. re-e a (!•,'.! or two ago. On the whole, then fore. I here M.'"iii'. to be fair reason to hope that, if th” situation is not disturbed by strif.Os nr other I'ornt- of labour unre-l. qui!.; a fair revival in trade mav be among' the features oi' 1921. Reviewing the position of silver Bixley and .Mo 11, hulli.in brokers, -ay. ••Tlie outlook for the coming year is somewhat uncertain. and in some quarters ihe present level oi Prices ■' considered high, as American production w ill now lie available for the rope l market: hut. on the other hand, sales of Continental silver are lim-oming more and more irregular and uncertain, whilst in some European cmiiitries ii i- pies ib|e that a silrer eurrenev may be re-establi-lied. Latvia has alien,!v decided to introdueo aii '"' silver coinage, and it is reported that Atistiia and Danzig are about lo reintroduce silver coins.’'