BRITISH TRADE REVIEW.

Auckland Star, Volume LX, Issue 47, 25 February 1929, Page 4

BRITISH TRADE REVIEW.

iiILT-EDIiES IMPROVE (••Hi i; m.k> \> ri\ i .< >\ !»o\ i\ .• . ~ .-. •' ■ v , N .-.,. ... r.'r|-ial!\ :•■>- V ' .i :..'.-.. ' ■ C'll-diii - , v.- i ■ ,_ •■■ -'.1.1. e„ li l. e lleen i ■ , l 1 " -' ' ■:._: ir. a !-e.- ~t , .- rhe ! I ... ' .-.v..;- ;ir:ces. I > ■ , i.i.. a i;> ■-.;: l of ur. estment i- '~ r • :e .mi': ovenienc « ;.l i . ■ ■'.: \ .r-: t...iij ' ..i. . w iiicn fell 1 - . : .if < ■•.. d. :...■■ pi t-acnt ~ . •:,.:, M n'.!. k ilji a: 1 -I'kh Export Apple Trade. \ • ~.. :': ~ . •.". o. i,-.pie* 0,.. i.,; •., ~,.. 1 '■ : i\ . _-io :i from A:i>::i„ i i. j V 'H /e.i. in : • i - fi'-.u-o'i it* iwtmi.it ■■{ ,- ,n ~ in.it l.iV'xi.oi'd ~..x->. ompared ;. auii ..it. 1 rii.i! :.i.e • ari> i. i w;.l ,ov : li :'i pre .t- ""^i'j 1 " !1 :: " :!1 1 a;,a..!i i .■: the I n.tei! Staler) are very ■m\ . .i-id f.iere n a pionpcvt mat taey v. ! be m l..•''.lined .-n t 'i:i:e .scale for at \u-it ii-.-tnev ve.i.- i onaequ-'ui ,v •:ie fi;r<:. Ausrr-ili.tn and New Zealand ■ araoeti will meet .-ecere . . .inpet it ,o:i. :t 'lie nu.i ..r > .e L Mi, Ame; :cau app.«w now «>in.' marketed .s excellent, and hard v.i;,;;e« like N'.-vr...ir. arc keeping '.vel'. Id'ef-e heavy .-ujij.li.-ij are naturally bavin •; an effect. o:i |)r..0. and a.p[des to-day .lie .|ecldedl.V cneai' W'.'.e.ei Ncwtoiiu a'.'n .•'. ]i. ti _; 12 to To per box wholesale, md V\'::iesaiif> about I less. Many sliopare retailing excellent apples at +d ;iei ib. and there -ire plenty obtainable a.t, 3d. ( 'onseq-ieutlv importers are not hopeful about t.'ic opening prices for Aua--1:■ i.iu and New Ze.i.la'iid. except for the !I..cmt, var'.pi.'cs The fact that, 1.1.1 ie quantities of apples \rc being shipped direct, to Scandinavia, Holland and Oermatiy. ig regarded .in likely to have r*oine effect on pre-v* nerc. as I'ont.inentai buyers will not purchase so mu;h m London as hitherto. "Subdued Optimism.''

"Til.- Iv onomistV monthly trade report strike** a note of subdual optimism. To judfff? from current statistics and report*, the new ; ear opened well. The overseas trade return is good. Machinery •'.vpo'-rn in particular achieved in January .i. post-war record for the monVi There nasi been a distinct improvement, in the production of steel, arid some increase of .icravi'ty in. the iron trade. The enguieeriig outlook is more promising, and phipomlding has maintained its new vitality. Finally, the coal trade, helped in part by the winter weather, is as least able to report comparative activity. "The weak spot is the textile trades. Bradford reports a renewed fall in raw wool prices, which restrict production, anil while conditions cannot be «aid to be or the best in the industry, at the same i.irue they cannot be said t« be wholly unsatisfactory. The demand for piece goods ha* been, restricted by the Bombay nots and the Chinese New Year holidays. and the decision of the spinners of KijypUan cotton to introduce short time ; iwira an ominous appearance. The situation seems to be that, as in previous years, a spell of comparatively flood trade is being experienced which should last until April. Moreover, the current quarter m some respects is proving to be a more active period than the first, ijuarteT of last year."