CHRISTMAS TRADE.

Ashburton Guardian, Volume 56, Issue 62, 24 December 1935, Page 5

CHRISTMAS TRADE.

GOOD PROSPECTS IN BRITAIN. THE AIARKET FOR BUTTER. United Press Association —Copyright) LONDON, December 22.

Though city business men voiced the opinion that the political crisis is not yet definitely at rest, county markets did not reflect the storms which nearly wrecked the Government, though quotations were lowered as a precautionary . measure. There was no panic and little selling. The markets closed for thq. week in cautious but steady mood. Iron, steel, coal and allied shares were affected by the possibility of a coal strike on January 27, though the city is inclined to consider it inconceivable that such a major industrial disaster will be allowed to occur. Everything hinges on the meeting of the coaloivners and.men early in January, when, it is hoped, that the men will accept portion of their demand for an increase of 2s a day. The Bank of England note circulation reached the previous peak of £412,000,000 for the summer holidays, and it should he even higher next week. Indications are for a most prosperous Christmas for shops and others in the catering and holiday trade. The bank established another record, its <rold holdings having advanced to beyond the £200,000,000 sterling , mark. Silver continues to cause anxiety. City business men, commenting on the American reports that the United States Treasury proposes to call a conference with the object of inducing Mexico, China and other silver-using countries to retain their silver reserves but are sceptical as to wliethei it will do much good, to the marise , more inclining to the belief that the price will fall to 17d or 18d before it touches bottom. The butter market is better but Tooley Street operators are reluctant to hazard an opinion whether the recovery is permanent, the best opinions expect a reaction after Christmas; followed by further appreciation. J tie statistical position does not warrant an appreciable break. The steadiness of Danish and other Continental description's contrasts with New Zealand and Australian, owing to the comparative small shipments reaching England. 20ew Zealand cheese which lias lor some time been regarded too low, marched ahead, especially coloured, which is in short supply. pWs are in brisk demand and available stocks have been well cleared. The market is expected to continue firm after Christmas. . . Messrs White and Son, in their annual report on the season for New Zealand and Australian apples and pears recommends the use of a standard package for pears from all States. Buyers appear to favour the three-quarter box Some brands of Tasmanian apples packed, in Canadian style, in boxes aro favourites with buycis.