TRADE REVIEW.

Ashburton Guardian, Volume 55, Issue 167, 29 April 1935, Page 5

TRADE REVIEW.

STOCK EXCHANGE CHEERFUL. EMPIRE BUTTER FIRM. (United Press Association— Copyright). LONDON, April 27. The Stock Exchange resumed business aftei* the holidays in cheerful mood. The improvement which began before the recess was fully maintained. Gilt-edged stock steadily gained ground and industrials followed their lead. Many increases in prices were recorded, largely because of satisfactory trading reports by companies. Goldmining shares have not been very active, but silver mines have been in brisk demand because of the soaring price of the metal.t, One result of tihe rise is to bring much old silver into the market for melting down. All sorts of old family heirlooms are being brought out and sold to refiners, who are paying 34d an ounce. The butter market remains steady for Australian and New Zealand, but Continental descriptions are easier because of increased demand, the United States having stopped buying. Present arrivals from the Dominions have been large, but news of smaller production in Australia and New Zealand is keeping prices firm, although stocks in cold stores have risen to nearly 500,000 cases. The Easter holidays interfered somewhat with the trade in apples and pears, and resulted in large quantities being offered this week, which affected price to some extent. The outlook appears satisfactory, as supplies from other sources are rapidly declining, and before long Australia and New Zealand will have the market almost to themselves.