FORTNIGHTLY REVIEW.

Hokitika Guardian, 14 October 1925, Page 3

FORTNIGHTLY REVIEW.

MONEY MARKET LONDON. Oct. II

The redl|el ion of The hank rate ha-ra-ied ihc question ot tic removal ol I lie embargo on H-e llolaiion ol lol’eign loans here. While slleb ml ion i- eminently desirable, from a trade viewpoint. a- il would undoubted!) stimulate the export of industries, the argument is pul forward in some quarters i hat. if there is lo be any eonversion of our own debt, as appears probable, we should not allow any eiieroiiehiiieiit on mvesi im-nt resources by foreign borrowers. In Hits connect ion it may be noted tb.il as U’e re-ull ol recent negotiations by lie Belgian Finance Minister, with financiers in America. Britain. Holland and oilier countries, Belgium will shortly try to raise a loan of 1 50.RdR.ROU dollars in New York, London. Switzerland and Holland lor the sta! ili-ation of her exchange.

mi': wool, thaw Commentimi dm tin 1 woof position, olio of tlio lotulinu; Millliorii ies snys: ••There nro still very low shins of eiii oiirnoonioMt in t '’<■ w;iy ol increased I iirnnver mid louiiiiierat i\c liosmoss. Yorkshire valnos lor raw tmi tori ill are still too 1 1 i«r*• for N|)iniiors ami maimI'ncturors. ami ian only result in sometimes diHiooli liaml-fi-moutli I rude. Conditions. liowovor. aro heconnnn cm.liiiillv holier. holnoil »>y tlw j hirer clourain 00l old stocks in lamdon and tlm i domes. Most of « I'<‘ Home trade consumers scorn content to wait until tlie season is more advanced lie fore operatin'./ extensively, believin'! tliar t'-e overseas "implies ol woo! In front of ns are qiito |dentir n | lor present consiimpi ive requirements. There is also heini! lei. a sU-oiiw Continental spot demand, whico Inis I |>llft• ■i!11 y tim <anse ni the iiik'irovem'lit in I.mdon. Ini' '* 1,0011 accent mited liv the shipninjr 'trike dehiviiHi arrivals of wool, jimmlil on aoconnt of l> " f’nntinont m tlm colonies and nocossi I a tine urpenl nnrcha.-es ),oro. K very Indy i- askinn d !■ ranee will ho aide to emit inno tlio |iace "lion alio Imiolit of tlio soa-.n i- roaelied in Australia. however |a,wo urdors in hand and a "onoiad impression prevails ih;il tl' l ' Inm < demand will h“ sullicicnt to maintain prices a little while. Meanwhile, stocks on consumers' hands in nthm rentres are hoino reduced and me aoproai hiiur normal, although, at the moment, a cautions wnitma: I'-'hcy e- t e- | in”' followed. DAIRY PIUmiTI'.. The hut ter position emit inm-s to he serious for consumers ,is supplies are steadilv diminishing, especially ”1 first c-ade ' There is a marked shortuffo n host hotter and havers me compelled to turn tlmir attention jo secondary de'rriotions, the prices ol "hull ate verv hi”h eonsideriim: their oualitv. \ow '/ealand. -.mod to fine is he,no qnot.-d at from 2lfis to 220*. and Australian 200* to 21Its nor ewe .V‘«j nf the depanuro Imm New /fahiiut of the Umdiine with Dhl.Otm hove' earned rather ” demand the week, hut trader- rormjpiiso that, met if the strike terminate', a preat shotta.ro of supplies hot ween now and tin end of the year is inevitable.