TRADE OUTLOOK
CONDITIONS IN BRITAIN BUDGET RECEIVED CALMLY FOODSTUFF PRICES FIRM (Recd This Day, 11.5 a.m.) LONDON, April 29. The Stock Exchange has received the Budget with admirable calmness. Selling on the part of professionals proved to be in mistake. Prices, though inclined to sag at the end of the week, owing to the disappointing behaviour of Wall Street, show little change; on the contrary, some sections, notably gold shares, continued their upward movement. Commodities are inclined to weakness. Non-ferrous metals, rubber and cotton are all easier. Reports from industrial centres continue to be discouraging. Board of Trade retail trade statistics for March show a decline of 3.7 per cent compared with February. The consumption of coal is declining, export orders therefor not improving. The iron and steel industries are quiet, and the consumption of cotton goods is still below production, but the volume of orders in the wool textile trade is slightly larger. Foodstuffs are firm.
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Wairarapa Times-Age, 30 April 1938, Page 7
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157TRADE OUTLOOK Wairarapa Times-Age, 30 April 1938, Page 7
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