BRITISH TRADE

Hokitika Guardian, 16 May 1933, Page 4

BRITISH TRADE

COMMERCIAL SLfIMARY.

(United Press Association —-By Electrio

Telegraph—Copyright)

LONDON j May 13. • There has been, a mild boom in the Dominions’ butter and cheese!'? since Mi:'..jor W. E„ Elliot’s announcement of possible restrictions on imports, aiidi active trade was done at. an advance i of from six to eight shillings over last / week. The need for some restrictions' is further emphasised :hy the Empire! Marketing Board’s figures, fshojving that the stocks of butter in. bold storage at the cad of April were ap- : - - ,

preaching 1,800,000, boxes. j- \jLThe advance in-cheese-prices is part- \ ly attributed to the large United States purclra -es of old Canadian to meet t|ie demand, which lias arisen since, Tjlie sale of f freer was permitted. Bread and cheese have become, popular with beer, and American cheese-ruakers are unable to cope with the sudden demgnd,. and , so are compelled to purchase heavily in Canada, ..... r

INDUSTRIALS RISE.

Until yesterday, "the Stock Exchange was bright and active, /vvitlb giltedgeds certainly, .on the dull side, but industrials showed much - strength, aided by hopes in connection with, thn World Economic Conference, higher commodity prices, fand the good report** from Contineiital ■ centres, ,The, result was a lengthy list of advances in domostio indpstdal shaves, notably coal iron and tobacco, while mining shnrei also were in demand at higher prjices, Yesterday, however,theneufs . t>f -Vtho. disarmament orisis.-at. Geneva brought, a rapid change.,, Gilt-edgeds gave way all round, and industrials generally lost their buoyancy, though in their cases the declines were usually small. Today conditions were .again dull, the .outstanding- feature, .being the'slump in German bonds, following the news that the interest on them would be paid jn nhminal currency: instead of currency of the gold value. ;^

apples.

The apple trade continues to be good, and prices have been fairly, .well maintained in the London and provincial

centres, . which- received .. <di*ect f f sbipr. ments. The market, however, will be severely tested before l-orig, ‘as prospective supplies, are hea,vy, some 000 boxes of Australian and 116,000 of.

New Zealand being due to arrivebefore next Tuesday, and still, larger quanti-

ties in' the near future. One disturbing feature is the arrival of 15,000 Tasmanians, carried as ordinary cWgo. anight have been .expected, these,; ar-Jp’ rived in an "unsatisfactory, condition]*'} and - realised poor prices. Traders cannot understand. why. fruit should be sent unrefrigerated, they regard ii‘ as,,k false economy ttoisave a. shilling, a- -ease ~" on freight and lose four p r , .five ■ §hiL - lings in the price, to saying'nothing of moral and intellectual damage caviled by marketing fruit in a bad condition.

> ••* . WINE TRADE

Imports of Australian 'wine s declined this year, the first, four,.months’*.' figures being 277,137 gallons, compared; .with 335,718 gallons for th.e period of 1932. On ’.the. other nand South African _ imports were" nearly doubled, totalising 433,450 ■ . gallons compared with 232,133 gallons. :V-.