SIGNS OF HOPE

Hokitika Guardian, 11 October 1932, Page 5

SIGNS OF HOPE

BRITISH INDUSTRIAL STATE. •MR BALDWIN GONFiDENT. (British Official" Wireless.) RtGBY, October 9.. Mr Baldwin, speaking at-the “Conservative Conference,:-Said the conditions are not without: Anxiety, the general .financial! -ippritiorii haai; imv proved beyond all 'belief,.ibr Wei enjoy lA once more*, cheap." money. ;,;; We. have effected a wonderful , conversion v and we no longer suffer any; anxiety , about our currency. /bub, • > “The industrial position; if. dess : satisfactory but there are - signs of hope. >' There are very few groups of /large industries, to-day, that: are yet in a better position, but tliere id a- mbre hcpeful ton©, generally. Of the lafge industries in which there is-’ a;more hopeful tone, <we may take .the great 'textile industry of cotton, wool and «i‘lk. In the first eight 'months this - year, till© increase in th e importation of raw cotton, which id* the most reliable barometer . the cotton trade, over last year, has bfehrr'.24’ r per cent. Jn -the woollen trade, the goods dealt with by the .Bradford houses have increased in the ?am 6 period by 18 per cent.,, and importation of- raw silk by *lO per cent. In the cotton' trade there has also 'been, an increase in" export of cotton piece’ good©- by 30 per cent., and in the China market- the ’ export { from Britain has more than doubled an that period; In 'the Indiaff' market, lit. increased by 36 per .The continuing tendency of foreign-firms to sd up factories in Britain show's confidence in our future, 'Bnd recognition of its competitive position.!,’ BRITISH FUNDS ; STEADY. , ; ■ RUGBY, October 8. British funds remained firm on stock exchange this (Saturday) mornjner, with war loan as«ented at 101 3-16. - .