ECONOMIC OUTLOOK

Hokitika Guardian, 16 October 1931, Page 5

ECONOMIC OUTLOOK

AUSTRALIAN OPTIMISM. (Australian Press Association.) SYDNEY, October 15. The Financial Editor of the “’Telegraph,” says: “Australia’s national income will recover by ninety milion stei Img, miring trie canviit year, it the present higher prices are maintained. In the last four weeks, values oi iiiiuisirtai securities increased by sixty millions on the Stock Exchange. -Many let.d.ng stocks y.steiday touched tile highest level lor months. Wool prices are up 25 per cent, with the world buying strongly. Wheat jumped from 2s del to 2s lOd a bushel, jwau is up 51 per cent, and stiver 25 per cent. He points out that although a slight relapse must he expected, the market is giowing stronger on a solid foundation. FOR FINANCIAL PROFIT. QUEBEC', October 14. ‘‘The pound sterling has been pegged at too high a rate previously and he did not think that Gfeat Britain would ever revert to the par of four dollars eighty-.six and two-thirds cents,” Lord Rothermdre, the newspaper Peer, stated, ill ail interview before sailing for home to-drty, He said that the world depression would not be over for some time. In Great Britain there need not be expected n let up for another twelve or eighteen months.

CO-OPERATIVE DAIRIES. SYDNEY. October 14. After half a century of service in the cooperative movement in New South Wales, Mr C. E. D. Meats is relinquishing the general managership of the Producers’ Co-Operative and Distributing Society Limited, and Mr J. King, at present the London representative of the Australian Dairy Produce Export Control Board, succeeds to his position Mr Meares, Mr A. Wilson and Mr R. Daley will sail aboard ti e Niagara for New Zealand, to-morrow, to attend the meeting of the Empire* Dairies Board, at Auckland on October 19th.