BRIGHT SPOTS IN THE NEWS
An advance payment of 1/- a pound for butterfat for July is being made by the majority of North Canterbury dairy companies. One company has announced a similar ra t® ov August. Advance rates of Ud. a pound have been fixed by five Manawatu factories.
Distinct signs of a trade revival are noticed by Otago ironmasters trading with the North Island. This, they say. Is particularly noticeable in the Tara.makl and Auckland districts, where the tone is most optimistic and business is once again starting on a mild boom. The cause of the revival is attributed to the return from dairy produce.
Grants totalling £12,500 were sanctioned yesterday by the Board of Governors of the Macarthy Trust. Tins is only £l5OO less than the total granted last year, indicating that the estate’s investments and properties largely withstood the worst effects of the depression. The grants all go to educational or philanthropic institutions.
A growing spirit of optimism exists in the United States, according to Mr J. K. Caldwell, who is a passenger on the Monterey to Sydney, where he is to be United States Consul-General. The country is waiting for the elections to clear the air.
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Bibliographic details
Dominion, Volume 25, Issue 275, 16 August 1932, Page 8
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201BRIGHT SPOTS IN THE NEWS Dominion, Volume 25, Issue 275, 16 August 1932, Page 8
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