TRADE REVIEW.

Taranaki Daily News, 6 September 1920, Page 5

TRADE REVIEW.

THE OUTLOOK UNCERTAIN. DODUSTKIAE TROUBLES, By Telegraph.—Press Assil.—Copyright Received Sept. 6, 12.10 a.nL London, Sept. 4. A feature of the money market during the past fortnight has been the scarcity of money, which' is undiminished after the turn of the month, Btudh as expected, though the Governalone disbursed £-20,000,000 in dividers. The outlook is considered t<> remain uncertain in view of the forthcoming abnormal demands. The talk of .a higher bank rate, the renewed danger of a coal strike, and other industrial troubles, overshadow qU the markets- The Stock Exchange 4* .quiet j • '"industrials," are principally (ffScted, but the influence extends also to many gilt-edged securities. There was ft comparative steadiness in exchanges Awing the past week, after fluctuations i«t tfce sterling in France during the previous week, attributed mainly to a belief that arrangements had been completed to Tedeem France's American loaa. Though the autumn demand, for dollars l» likely hp be harmful, it j) understood the effect will he largely discounted by forward buying of dollars. THE WOOL TRADE. The wool trade shows an improved tone, and enhanced values at recent auctions providg an -indication that the downward tendency has been arrested, leading factor is the increased American and Continental buying; moreover, home spinners and manufacturers need further supplies after the etntiota policy pursued for several otoliths. ' Th> trade considers that while caution is still nfeeded the latest developments prove that the earlier pesfimissi was unjustified. Better auctions are likely to react on jUte wool trade generally,* but at the rame time well-informed circles do not couMer the true basis of values has yet tetik racked, as supplies must continue for a while to >m an uncertain factor, Much depends on the rate at which Australian lad New Zealand supplies are marketed and transported. SHIPPING FREIGHTS.

Tlw Mistrial outlook continues ,to restrict dealings in metals. Capper posswiss a firm undertone, but tin is soft (what depressed, the industrial uncertainty inclining speculators and other holders to realise little fresh business. There is fair business in lead, the Continent offering freely. There is a poor inarkei for spelter. . freights are firmer under the inVltteMe of the coal freights from Arteries. A British' ocal strike would W. an adverse factor, but the market Vlieves that the grain and cotton movement in the autumn will more than counteract/ the same, justifying the hope that freights will continue to adVtncq.' Shipping circles await with interest the prices realised at Lord Inch-" caprt forthcoming sale of enemy tonnage/on behalf of .the Government, as tht Of,tonnage for sale fir exreeds the demand.—Aus.-N.Z. Cable Slgsn.