BRIGHT SPOTS IN THE NEWS

Dominion, Volume 25, Issue 274, 15 August 1932, Page 8

BRIGHT SPOTS IN THE NEWS

London quotations for New Zealand finest butter have advanced by 3/- during the past week. Improved prices are also being realised for white cheese, which is from 2/- to 2/6 firmer than it was a week previously.

“Although business is still more or less dead, there are signs that a change is coming,” states an editorial in the official organ of the New Zealand Motor Trade Association. “It is obvious that a change of conditions in the motor business is imminent, and the signs are that It will be a change for the better.”

Friday’s closing prices in London for cotton, rubber, jute, copra, linseed oil, and turpentine show advances on the quotations ruling a week previously.

Indications of an actual improvement sufficient to justify the hope, and, perhaps, the belief that the lowest depths of the depression have been passed, are noted by the National Bank of Australia.

The inter-island through-booked railway goods business for the past 12 ■months increased by 3600 tons to 20,100 tons, which is characterised by the General Manager of Railways as a “bright spot” in the department’s working year.

The opinion that the nations to-day were beginning to realise the full effect on trade of tariffs and other restrictions, and that one could look forward to a better understanding as a result of the stocktaking now taking place at Ottawa, was expressed by the Prime Minister, Rt. Hon. G. W. Forbes, when speaking on Saturday evening at a smoke concert given by the Company of Master Mariners.

“Australia certainly shows more sign ■ of recovery than most countries,” states the “Financial News” It regards the movmeents in Australian stocks during the year as amazing.

No doubt is entertained in London financial circles that the' British Treasury will be able to announce a very great success of the War Loan conversion operation.

His conviction that action will be taken to ensure a revival of prices was expressed by Mr. J. G. Coates at Ottawa in commenting on the Currency Committee’s report.