REVIVAL SIGNS.

Auckland Star, Volume LXIV, Issue 206, 1 September 1933, Page 7

REVIVAL SIGNS.

STEADY PROGRESS. Symptoms of Trade Recovery in Britain. COAL, IRON, SHIPBUILDING. (British Official Wireless.) (Received 12.30 p.m.) RUGBY, August 31. Material improvement in the traffic receipts is recorded by the four main lines of railway companies. The total earnings last week were £119,000 .higher than for the corresponding week of last year-. They are np £500,000 for the first seven weeks of the new financial year. Raw materials and other goods carried, as well as passengers, show an increase, and this Is taken as one of several indications which exist of the steady trade revival. Among other indications are the activity on the Clyde, where seven new vessels have been ordered, making August the busiest month for several years. On the Tees-side the iron and steel industry has also substantially improved. Several furnaces have been reopened and the iron output has increased 1000 tons a week, following an Argentine order worth £700,000. South Wales has secured an important Spanish coal contract. On the Stock Exchange the markets show a firm tone, and activity has been keen for this time of the year. This is attributed by "The Times" city editor to the fact that less attention is now being given to the vagaries of exchange and the uncertainties of the American situation than to the evidences of improvement in the trade outlook and in the statistical position of commodities, coupled with the encouraging Home rail traffic returns. He adds that it is generally realised that no general restoration of world finance and trado. can take place until a common international monetary standard is restored and exchange restrictions abolished.