FINANCE AND TRADE

Hokitika Guardian, 8 July 1925, Page 1

FINANCE AND TRADE

FOBTNIGIiTLY LONDON' REVIEW CO BOX iA r. STOCKS IMPROVE. LOXDOX. duly !. I’lie Stock Kxrliangc is beginning tu show some signs of recovery, and though business is still far front brisk, the gilt-edged market has assumed a distinctly brighter aspect. Apparently the extent of retent falls has brought in some good investment buying, uf both British and Colonial storks, and prices have hardened .'ill round. There is a better inrjuiry for higiirln.'.s investments, especially shortdated ones and scripts. Several of the recently issued loans have shown a slight improvement. Firmnc-s characterises the rubber shale market but dealings have been rather rest rioted. as I In-tv are few sellers. WOOL TUAI)K Pi’OSIT’.CTS. Thp opening of the wool sales next Tuesday is being awaited with intense interest, fur users are looking to London for reliable indication-, us to whet her wool lias touched Lit tom. What the verdict will he nobody dares to forecast, lint the opinion ot both 1.-union and Bradford seems tu lavour a more optimistic view of the outlook than was the ease a lew weeks ago. and there is a pretty general impression that sales will he well supported. Continental buyers are prepared to buy i| the price suits them, and there is the possibility of some demand from the Foiled States, as there lias been an expansion of 111" textile industry there la telv.

Discussing the wooi situation the Yorkshire ‘‘Dost." says: “duly should provide a. testing point. Whether it will do so suflieientlv to satisfy consumers, and restore such a measure ol confidence as to revive the spirit of ■speculation, depends on the manner in which wool bidders meet the market. Tl they again withdraw their wool, and refuse to accept the prices offered. users will remain uncertain whether nr not. the low water mark has been reached, and will continue to cover only immediate requirements. Mosi traders want it) know the worst. Taking a long view, if will he heller for the trade as a whole if holders meet the market. Let us find a basis lor the resumption of business on normal lines." A BULKS. The Australian and Xev, Zealand apple season is approaching a close, there being indy about half a dozen cargoes to arrive. Brices during the last three weeks have declined several shillings, owing to competition Inmi strawberries and other small limits, hut the fall' is less than might have Ist m expected, considering the recent hea.y arrivals of apples. In the last w.'.'k of dune ooo.QtKi eases Mere landed, of which 1U2.000 were Tasmanian. Most of these were fully ripe, and many were of poor quality, spotty or nasty, so the prices realised for them ills to Ins) were hy no means unsai islacfoi'.v. Cuod hard apples, notably Stunners and French crabs, have sold well, and all soris should do lie I ter next week, as

.strawberries are almost finished. DUIFI) II! I'l IS. The feature of the dried fruit market up till duly Ist. when life new tariff becalm' operative, was the sustained demand tor i lie new crop of Australian sultanas, especially for the best coloured parcels, at the prices quoted last week. The market remains iet.\ -Prong, lint probably the sides during Ihe nex i few weeks ui 11 he light, as endeavours are hi'ing made to maintain | nil es at the laie level, thu-- guing growers tin l lull advantage ot pteferenco. DAIRY BBO'MTK. The dnirv produce markets continue p, harden under the influence of the ilrv wen t her lioilt here and <>n the Continent, for though Denmark has | rein-, other continental count i-ies have noi experienced them. Consequently them mis Ih'eu a (nnxiderahle shrinkage in halter production in Siberia, and supplies from there are small, as Cermany is hliving keenly so (he attitude of importers is decidedly bullish. Similar conditions prevail m the cheese trade, lop the consumption is very large, as il always is in hot weather, and supplies of both spot and prospective are on the light side, while Canadian productiell is much less than was expected earlier.