GENERAL CABLES

Hokitika Guardian, 1 March 1930, Page 5

GENERAL CABLES

SOUTH AFRICAN LOAN. (United Press Association—By Electric Telegraph.—Copyright.) LONDON, Feb. 28. A list opens on 3rd March for the Union of .South Africa loan of six millions, five per centum stock, 194575, at 98-}. FINANCIAL WARNING. LONDON, Feb. 28. The “Daily Telegraph’’ has learned that exporters here being advised bv the banks to accept from Australia only such orders as are vitally essentia! for Australian needs as no money is available to finance .shipments of luxury articles. It is even suggested in some quarters that it may Ixecome necessary to cease exports altogether until tin* end of the summer, when heavy shipments of Australian products begin. WOOL PRICES. LONDON, Feb. 28. If Australia and South Africa can fix the minimum rates for fine wool and convince buyers these are bound to be observed, usei s holding oft' on a chance of prices failing still lower will buy, Lord Barnby stated. Of courso the rates must be reasonable and have regard to trade conditions. “I don’t see why they could not do this in view of the strength o[ their position. New Zealand and Argentine do not really compete with hue wools, lit is a pity a monthly statistics ot stocks/ tops and yarn is not available ns a guide to the producer.” BUTTER DROP. (Received this day at 9.40 a.m.) LONDON. Feb. 28. The arrival of two hundred thousand boxes of Australian and New Zealand butter this week insulted in lower prices man for some years Empire butter should he obtainable ;u ]7d to IBd per. pound. PARIS MANNEQUINS. PARIS, February 28. The mannequins in the fashionable shops have been ordered to get fat to (it the new styles. The doctors have laid down for them a diet of dumplings, macaroni, potatoes, and pastry to replace their usual luncheon comprising a little salad sprinkled with lemon.