TRADE REVIVAL IN ENGLAND

Rotorua Morning Post, Volume 1, Issue 36, 5 October 1931, Page 3

TRADE REVIVAL IN ENGLAND

(Press Assn.—

ORDERS FROM ABROAD BRITISH TRADE BENEFITS FROM ALTERED CURRENCY POSITIQN MANY WORKERS RE-EMPLOYED R.prv Orvh. d. KU n -m

— — -j — - ..... -By Telegraph— Copyright).

LONDON, Saturday. "The First Signs of Trade Revival," "Many Orders from Abroad," "Markets Being Captured," "Idle Men Called Back to Work" are cheering headlines in to-day's "Daily Telegraph." Many other newspapers are also taking an optimistic view of the situation. Industrial reports from all parts of the United Kingdom indicate a definite revival of trade. The favourable currency position is enabling Britain industry to re-enter markets which have been closed for many years Among the industries experieneing a revival are shipbuilding, engineering, coalmining, and cotton and artificial silk manufacturing. Timber mills and glass furnaces are being restarted after prolonged inactivity. Ships long laid up in their home harbours have left their moorings to take in coal cargoes for the Meditterranean and South America. Already there has been a gratifying effect on unemployment. In the north-west areas the number of unemployed has fallen by 13,865 during the present week and the total decrease for the past two weeks is over 21,000. There is a notable increase in industrial activity in Lancashire, not only in the cotton trade, but also in engineering and coal, which are more active than they have been for the past three years. German inquiry for artificial silk and cotton piece goods is particularly heavy, with stocks being snapped up freely. Spin-

ners and manufacturers are beginning to take back workers who have been suspended for a long time. The cotton trade has received unexpectedly large demands and many business houses are taking foreign orders for the first time in years. A large mill at Oldham which has been idle for months is re-starting immediately. There is a brighter tone on the Stock Exchange. British funds have hardened all round and Australian are generally firmer. The Australian dried fruit season for 1931 has been unprecedented. Already almost the whole of the arrivals have been sold and it is expected that by the middle of October there will be nothing left in the firms' hands. The usual seasonal advance in the price of butter has been assisted by exchange considerations and prices have risen about 4/- per cwt. this week. The demand is well maintained at the higher levels.