RAPID RECOVERY
IN AUSTRALIAN SEQURITIES. (United Pi;ess AsSociatipn—By. Electric Telegraph—-Copyright.) LONDON, August 12. j The “Financial Times” says it regards the movements that have occurred in Australian- ..stocks during the past year as amazing. It instances som-h New South. Wales .issues,have advanced by over , seventy per cent, from 1 their lowest levels. The paper says: “Australia, certainly, shows mofe signs ,of recovery than do mosteieountries. Ai\st^alia’ , s .trade, balance -Is/a great achievement, eypp thpugh it must be ascribed; ratheroto the curtailment of imports, than to any expansioii of ex-popfe.. An improvement in Australian commodity prices is. within the bounds of possibility arid Australia’s prospects of selling larger season’s wool clip are brighter.” : REVIVAL IN GRAIN TRADE, MELBOURNE, August 12. Until recently., little business, had: JbeAtf done in Australian oats with. London buyers, but demands are now opening, and good contracts for feed, oats are being negotiated weekly. Heavy sales of wheat have been made to Shanghai, Japan and Northern China. Great Britain is inquiring for floury but the , exporters ' Are unable to obtain sufficient space. • •-
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Hokitika Guardian, 15 August 1932, Page 3
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175RAPID RECOVERY Hokitika Guardian, 15 August 1932, Page 3
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