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TRADE REVIEW.

IMPROVEMENT SHOWN. MORE HOPEFUL FEELING. GERMANY’S ADVANTAGE. By Telegraph—Press Assn.—Copyright Received Sept. 4, 11.5 p.m. London, Sept. 3. Trade conditions generally have shown material improvement during the last quarter, but the state of affairs is still far below the normal in peace time. The volume of trade is relatively small, and the value of British exports, despite the enhanced prices, is much under the corresponding period of 1913. Many sections of industry, however, show a distinct revival, with a more hopeful feeling among traders. The more settled aspect .of the labor situation as regards the principal industries and trader is making the manufacturers optimistic regarding a continued improvement in the future. The freer supplies of fuel have caused *a spurt in working off the orders now in hand, and it appears probable that activity will continue to increase now that coal miners have mostly resumed. Officials who are specially watching the trade position state there are already an increasing number of inquiries resulting in actual business, and, with labor coats on a lower basis, the manufacturers will be better able to meet competition at Home and overseas. The general industrial position appears to be healthier than for many months past, and there is every indication that a recovery of trade is in progress, but there are two adverse factors which must be reckoned with, namely, the world’s economic position, and the high prices of British coal. While these continue to exercise their present strong influence, the existing optimism may be over sanguine. STOCK EXCHANGE CHEERFUL. The prospects of reviving trade are being reflected to a certain extent on the Stock Exchange, where textile, steel and iron securities have been quite active and strengthened to a degree comparing very favorably with the position during recent months, but many consider the improvement is unlikely to be maintained, as the rise is attributed more to holders’ reluctance to sell than to any large demand. In this state of affairs moderate buying orders sufficient raise prices and the cessation of purchases may result in a reaction. The Stock Exchange is generally cheerful. Gilt«edged securities have benefited from easy monetary conditions, and the investment demand has been moderately stimulated TJy interest disbursements. WOOL TRADE. A feature of the wool trade is Germany’s continuance to give her principal support to markets operating actively in every centre. There are no sign** of any abatement of Germany’s remarkable revival. The Germans enjoy the advantage over British firms of forty per cent, in general wholesale prices of staple commodities, due to the depreciated mark, and this advantage is considerably increased when the cost of labor is added. With thia substantial premium on export, the German textile trade is profiting. Meantime, the Home trade is meeting with improved inquiry in semimanufactured goods, but this is chiefly a reflection of continental activity, and in piece goods and other advanced selections of home industry there is little improvement. ACTIVITY IN METALS. The attention of the metal exchange is principally centred around tin. There has been a sharp recovery from the lowest prices, which are now on the up grade, though the advance is largely attributed to speculative p -phases. It is authoritatively stated that deliveries to purchasers in the United Kingdom and United States have been on a larger scale than for some time pest. The turnover in London was 3200 tons this week, which constitutes a record for the current year. Large stocks bought some months ago by the Malayan, Dutch, and East Indian Governments in . order to help local producers, still hang over the market, which, however, has been somewhat reassured by the renewal of the agreement between these Governments not to sell at anything like current price’. One of the principal London metal houses Fays the gene al feeling is that about the lowest quotations have been touched.—Aus.-N.Z. Cable Assn.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19210905.2.26

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 5 September 1921, Page 5

Word count
Tapeke kupu
643

TRADE REVIEW. Taranaki Daily News, 5 September 1921, Page 5

TRADE REVIEW. Taranaki Daily News, 5 September 1921, Page 5

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