FINANCE AND COMMERCE.

Press, Volume LXV, Issue 19785, 25 November 1929, Page 12

FINANCE AND COMMERCE.

PROSPERITY OF GERMANY. JIMP IN FA POUTS <V«*« -«ra Jnr -. iifc* P • ■ ~ * "" 19-i», the Bri'i* 1 ! • < - " •*:•'• ** « •>-"" '' fa Berim a*i'.f , *, «;«rt», o^ "-«•»•-; «*?*"; ;j. ';.„ tui »a 1 i • E " " "* J *',"* . "t ,~„ i - :<■-1 "" >• ' " " "' I * ri ' * '~ r " :.*»": •<"->■• .. . -i. r*' - '" ' - "» - * ' * 1 v.* , -i * . i r. ir "J ».••»"'•:•».• '*" "i "• _ , «,- .. :->:t '•> -• >» ■ "- I '' ■•■" •. ■' * a :ur'liTf>. « r » -- * • ■ ■ . »>)<.■»* y*'-i' ' "■ ar- ' ' ' V, -- i -' «T.«<n .-a ■■' i'-V " ' ' " ,*■"**" an. ••r-j.n* " f l * * " ." " ' , .. . 1 Th- «u'" r '."*" '7 ■ ■'^,"-„ r ' nn to i '■i -^ c ' ***■*''" r " - _ _»' •*• t»! »■■ ' .' '• - >' '/" _. si »a.t« abulia-' ' *' _ r " r ! tiiat Oermarj r>-« « - r - t ■ j f.,r h*r \" JT **• , . „ J Et.-.n.l 0 4 tar.--'-. " '_/ ' " ' aad *n.-i< "! li.--.irx- .•» ■•■ ■— ; , tu e*-« "'■";•-•:'; IW7. imour.t/; - > 'J ~ wki. wn r-.1.-i •- - *\ m ,-T.: mark* in I9> Tl * r«Ur*d to t- *i ardiaary e|.ai.;.tr £ r *. jh that dir»«- f i' °- Coal from BritaiaTi*f« "M a hi !-*"»*«■ is tt .n •„rtt of oil. frni'.«. as* s-e-iv m! "a Krt. of .o»l -I—i «*rtly b..-aa*c Tb* Cemaa n ta.-« **r* r.o- »= o to the British sToppatr* " f 1! »-"- T «*'. -„,„ M ,i rA tto a fabnc- *h-.«d tfcbigge« drop among unportc I . r.t^nei The fall ia Import* w particnlaxly markfd from the United Kingdom, France, Italy, and Ru»i», the m«t •trikiaa increami b«iag from the Xttkiiftaada, BritUJi India, Poland, and British imports of coal from Oormmr k*« aimoat eeascl, but oa tte Mat, a fart wkieh ia attributed to •'fnrtoer from the trouble* or 19S« and to bettar aeiHag orgmaiaation and policy." , THero waa a laigo inexmae ia the to - Dort ©f motorcara from the l»-a., ITaly, »d Aartrta, »d of ■•*»rjs£]« from the Uaited Kingdom, the U-M-A., aad Belgium- . , There La uadoobtedly a potential «arl«t ia Oermany (aaya the report) for th« Britiah medium and Ught power •an If they eaa be imported at a com--9^aot HAS* in 1«7. UK PRODUCTION. UprrmiCTlONa ON OOTFCT PBOPOSBD. raaae uaqrriTnmr t~ ■^■■wie - ««MalTe4 Xorember 84th, 6.5 p-m.) ■'"""■ LONDON. NoTember 23. The ewaaeil of the Tia Producer*' A»aaeiatlaa ia propoaiag a 10j«enl afl waaa reetrietioa oa aatpat. It ia o<h B«t*« that the producers witala iae Ihspir* an la f*To«r of the propoeaL ««DUCTION IN BATES. (Eeeerred Vvrmabvr 24th, 5.5 paa.) From January let redaettoaa to Lirwpoel «oek taea, town ratea, and railway frejghhta wifl aggregate ISd per tea em wool from the ship to Bradfwri. _____ ■LUMP m POTATO MABMrr, SYDNUY, NoT«nber «3. Tha hearieat alnmp in the petato aaarket for year* occurred yeaterday, whea, to aalirea the atagaaat market. mU*t* eat the prieee of aew eeaaoa** tuber* by £lO to £IT a ton. Bale* -r*r* alow erea then. C9HCAGO 88-DIBCOUNT BATS. a— —a» raaa* _moou~o»—at «u~» ta-aea-ra—«onaiaaßr.) SBTT TOBK, KoTumber 23. The Chicago re-diaeount rata haa beea teduaed to 4* per eeat MARKETING OP EGGS PROM DOMINIONS. |___aau> *aa*a _aeocz.rta* —»t bukom t_cjwa_ra—commatrj LONDON, NoTember 28. Diacumng the egg market proapecta, Mr J. B Merrett, dinctor of tba AoatraOiaa Egg Export Company, aays the Mwrha~''«- Uarka Bill interfered conaidarabiy with the aatea rtt Australian aad New Zealand eggs- Bayers naturally fa»uare<i the British arUcle, a* the atamping «rf tba Aastraiuua and New eggs created auapicion regarding their MARGARLNE UNION, LTD. HBUB OF MORE CAPITAL. Am •«ti»»««~i-«7 B»n«-i m—ttna o< «-*«- ae*a-» -t _U-ram-.il* Cn.oa. Limitwl, tM aaaa eail»d for Ton-si*t I>*c»mi>_r 10th aaat, o» Loa«ioa. A orcai-r wlucn aocomp>llW %_, no—c* cea-rtaing it« sateuag ■••da -» follow* **"*J-« —t» ••«<_—* T oa — —*»*ith a cot;c« 4__, i ■'if"C —a aaUmonita—T7 f-a«t_l a««*iß.| «t the eomp-»T ■ a - t -* P' a -rv°-* U« aa*aan*«i eh-vra ca?it-i of >lm «oisp*a: iroaa _a..U».«» W» XII .-*>,«» bj the cra-tioi •f IjOMUOOO 7 par cast. eajnaUtUr* pt«MrtSe* ill —\«» "<.«»•« •catena— aa-xta «f XI •-<_. Il wul U r* *Ma*b«c«4 that a—' aanoaac*ia«st »—» iswocc ia' &tp**«a-M that a p*o»i»ioc»l _fr««Bc»_': ItMl bwia auraad p »▼«*.»£ ikat th« o»dxa»rj «a»r« capital ol L*'t»» Brotfcar*. L-KiVjd aad the —sara capital «f Ma«Tar*n» Cia«a t-iantwi. with whom »*• »m«K:*t*ii >". V -U-(itnst Ca;#, «iiott.«i ba amalc-tr.aUd ai ft—a J»ni__-r :»t, IXW. Tia principal «b ;»et «{ t_a crvaUoa < n f ti» a*Wit*onal aaan capital buw pr«jp«s*»«i ;* ta aaabla tJai-a, L-RiUii, :a c_r-r oc*. rta par* al lij "' aaaaaomi ',-vtnch »•'' so* icoi»» »st mw . *S th* pabtic). wK;.-». a raaaoaabla marc-: el aaaaaad capi:*! •*{.'. -»r.-ia aratlabi* t' U-» ia Utat Utara _t .nd wh.a IMI daekCa will ba y.T«n :o tha aa-iahaxtan at A* a-w-va« " —* a aaaatal aaatiac of »ba.r»ho*-*r» a ». ▼. Macaariaa Caui, c*l*#rf f>« tha aasi' _ _***» ■•."ha— aiaaHar partienUir* w."J •* ■ P* ** **i* **"ataaolda—. * raariaua- wii ■jk aa piuyi_»J Jm- tha aaeaa—«i-t »'trratioaa t< ___ g_ "**?* '" !l> * **» : S»**» o< T. V. Ma—»ib» _■ 2iZ____l'" , ' tt£ '* 3t: " 0 * w " :ti *** •^•** - a>eat:«aai

-♦ AUSTRALIAN LOANS. CURTAILMENT ESSENTIAL. "Pie oi± ill r. i: : ■• •n" :!-•' A .itra.iai I- 1 •*" *• Jt: •■ at s: ' iu**ti:_ sn M*.^ u 'i.- f f,:h.r la*. ,r»r. * .' 'i t--.: t l r r - i, n. li-j-I-: jrv .-.-re_-«l -■■ ''"" • r •■ •''> ' T.,» f .*" t-vor.d t:-' flu-.d .iir.-vnt, ...... -.-I a: tU i.-. i-..n n.-^tirs M -.-irr «ri'.''i" n \u.-tr»:..i a:'l i r-_. b'-i 1 . T..- . a.l l. H»»' _..« i ~ns tn.-> »«»iif.«* •M"-! ir_; 11' r.Z.i t'\ -tr.i.-- J.i- '"■» -l-f-'*'-- . .n r. «>rl *«.«r<. >!k. f:^- -*,-. ~ ,:r-i - '• I~- .'■> .r th.- i p .lati.-" <." f...K----_-i-"i .*-■ « f t I"'- a.-.rr. l .i*A t.» fj- r ." -,'■«■ t . t --. *.- ■ T-.-- * 4 -*rv>»-- ■ t tr.o »kw >:t .- ' .." ;,-. ». n ti-- -•>-- ■: r- ' 11 - I- . »-_.'•.• t K *> I «>n m->- *< i ".'i ri -•' -' .. '-". nA !• r i'- t ' > :< -1-J- O: ti- . t -.it: till' '- ~:V -.14 :•.» ri.-: {.'••»':- ■: .-xi"-> ri *.» » !- .' - ..>.*•! .v. i 17 '->■: I"' 1 th- rsft . r"- • -.- -I £" ' _ . ' , i-i n. i i,:i. n :i- r.- •»• if f""- .. r , ~ t-M "«" "J' l -n P'. ; ' «- , ~..-. iri H.)V*IJM *i -*-'•- r "": | 7. -. -i ,i.an* an 1 • ~\er tn. • > .nt. r j. ~, It i. tt.- n«-«- rt"--.v ' ■-* *«-'r |£>' , ia4i"it «ri ih „ u'a' '<,7""i- trwr* ria- r-- 1 " ri--l n«'''* i » ' k»i iTuil fi V.--T* mmti r a-<i Milt in i To. .'..n with i lJ t --.rib-' <--r»ru* 1 On th* A i.tn!nn u ar' rt a £T>f.»f»»» I. an M n four-.- ot < ih~. r.fiti. i>. and ~* u..- I .inki have unii-Ta r.'tfii t: _*"* % (,or.TnntTt< iri> «-irr m rf"'^- 1 i"Th.' !c- to ra.-ne rr..n.j "» Iyit- !fi .ir« n.r.kinz th* iK.-itio-i rhtfir«itt rh.> t:r. a'.f-r part <.t Irwin- rai-'l tn W.inn hv tlx> A .ntrahan ir.nc ii nw<i for pivm. Nt --t 'iu*rr-t ..n ja-t '.i»n rai«-'i KVreniif S n \imtrrli» t.» an .o.ujl anm.int » ii r,Tt«l to Iran I," r nnrv rnmrt be rai-fi i r I '>n<lon th«>n r»r.>n ;*• mint I** 'J-M in A-i-tralia »»r th*» of <lr.*tt- r -n Lor.J. nfr ru il.e h. nL- Th<-s th*> ppnwnt if in Lonor-n ai'l 'lip tnt-> *V I -mlnn t'inf!= or the Knnk-» th«*re wdl be <so mtirh !.»■- arail.iblo for finjn« ial import's AUhoach monej ttom w >ol i- cnniroenctne to gather in London the procwds t'rom wool this >«"ar will be roniiderablv below the proceeds of last y«ir. Competent jiKlgei mokethe probable reduction n.t lea«t i'l-J. 000,000 and am-ther £5.000.000 reduction o th*> wheat export returns K» T f» a total redaction of £20.000.000 i" the export earning of the Commonwealth. The indiTtdnal. when be finds himself fared with a lednction of income, withho.ds his «pendit«re. That £*20.000,000 will represent a rednction in the incomes of many individuals, not alone those who ara growera of wool and of wheat, but also of those with whom *ue growers of wool and wheat deal. On hu return to Sydney from the meeting of the Loan Council the State Treasurer of New South W ales said the amount of loan funds available to the Commonwealth and State Governments would not be increased beyond the amounts agreed upon at the meeting in August. The council hid before it certain adrice from its advisers, and. after verv careful consideration, decided that it would bo impracticable to increase the loan allocations at tho present juncture. The council is to be called together again a few week* hence, when the position win be farther reviewed.

ARTIFICIAL SILK. BXTZNT OP OPERATIONS. Tb«r* has b*en ft considerable variation in the profits of artificial silk enterprises, the returns of some being much below anticipations, and in others of a substantial enough character to emphasise the menace the artificial product is to raw wool. Some interesting information in regard to the operations of one company is to hand by the last mail. In this case a Continental manufacturer went to England two years ago. He bought a mill and set up in the manufacturing of artificial silk fabrics. In September of this year gross' P"£j* for the year amounted to i.IJ-l.Bcw, tempered with £89,666 for the preceding 12 months. A dividend of 10 per cent, was paid, besides a script bonus to shareholders of one ordinary share for eTery 10. No other public company in Bradford showed anything but a lose. This shows that a serious blow must hare been dealt to the woo: industry by artificial silk manufßelt' has been stated authoritatively that the use of artificial silk has displaced 1,000,000 bales of colonial wool The Home authority quoted says thai in regard to the present standing oi wool it has to be admitted that th< raw material is cheap. It cannot U said, at l*sast, that ita coat is preventing it from going into consumption In point of fact it is costing littli more to the manufacturer than n 1914—p«rb*ps 2d to 3d above pre-wai in England

FRUIT HARVEST.

REDUCED SUPPLIES PROBABLE. I» vevld ejrpw «*»* *■• oriiutrr source of Boot* Island fruit supply will be nue reduced on »«oant «f the unseajonab! froets. Toe Seises trx>9 "t apples will b • good one, but In Canterbury and Ota* nearly all classes of stone, pip, and sol traits will be less. . A Banedia frail are a I wbo &■« t»« « usteifw- a visl. .. C«tral €)•.». pre •on* iottrastiaf inforcaatioa regarding to 'TTTtoAlitrif *•«« the .toes fruit ar* likely to be en the sbort .«de, and man of the grower* wilt not b*t« a ease tor tfi market Apricot. •«*» to have Wo th saott sererely affected by the frost*, an one grower «M tent t*ir about ,0 tons tw rears aCO sajs that it wnl take him a kia time to tmy &*m eaten for toe loci market ta.» year. On the otter band, a fen of tae orchard*, partiniarly in the Crouiwe aad C.yae districts, appear to feaire eicape damsr* from frost*. Tae e*rl7 cbeTrie* h*T» also be«o affect* in ta* AUxandra district, and the crops c nectarine* will not b* a. ptent;ful as mail There wilL ooweTer. be fair crops of p«arhr It is rather remarkable liat plam.. w;« the exception of greengage*, hive been *er little affected by frost-. The greengage! , howoTer, were apparency sipped m the bu< •ad the damage is cn!y cow bec>m;ng a] ' parent. , .... , In Kosborca tha stone fra;tt wi.i be no; p;»utifnl than in AJesandra »>r ll»de. On! r the eifiy red apricot* hats suffered to an , «x:eai by fro«!s. Estrick (Tow*rs appear to bate hut a t»s keork. ail Tanet;e* of fraits being damage by treats. . I Strawberriee are tosr being produced ; I ejnantny :a the Koibarga di*tri.'t. Mir, " acres kaes h*«n p-jt down in r ia this 'o<»Uiy. and snppliea should be plen: ■ fni m tie eeal few w*»k». . The »pp:» crops at Roibargfc appear to I eery gix>d. r>ut some grower* in the A>*»t i «V» and Fmitiandi d.«m«-u bare been bad! fcil by the froets. Another fmst in Frui 1 I laads »s Sate as Sosember ICth did m?: i damage to the appie crrip*. , A large p«rr»ntage o< the growers t , A>«aodr» *.-.* Ojd« are tow p'ant-.rg 01 . leaatoee. w.-.a whi<h they t a V" *» mak o? for th* ios* of their stvne fruit CTorr at the tomatoes in Canterbury mere badi ' damaged by (rests. It is not expected that Caatrrbary gr>>««»i w-.I! hare Ule frnit this year to compel 1 against the Central OiasTo-grosrn fruits. .\ * a cnaaesaenc* it is thought thai there »i 1 Ve a teener demand foe the fruit from th • CVntrsL than «•»*!. A* a tjstl«r of tac » agenta from aarklaad. WeftiMtnn. an » ChrTstcbareh have already b«en in tb* fet I teal arrang-iag foe sop?*'** ef all «armies « fruit.