TRADE AND FINANCE

Evening Post, Volume CXVIII, Issue 151, 24 December 1934, Page 10

TRADE AND FINANCE

PRODUCE & MARKET REPORTS FROM DAY TO DAY

CHRISTMAS TRADE

"WONDERFULLY GOOD"

MONEY AND INVESTMENTS

(By Telegraph.—Pres* Asia.—Copyright.)

(Received December 24, 10 a.m.) LONDON, December 23

Christmas trade throughout the country has'been wonderfully good and is generally described as by far the best of any po*£v#ar -year.

A Huge -note circulation of over £401,000,000 disclosed in the Bank of England" returjn shows that people had £25,000,000 mofe to- spend this Christmas than J*st—and they have been spending it.

Shops in.Lotadon and the provinces have been'crowded ill the week. It'i* reported that four big stores in London between, them have taken nearly £1,000,000 this week. Although business on the London Stock Exchange is not particularly active fhere » a* tono °£ cheerfulness in all markets and price* are generally firm. GUt^gwf *ecunties have appreciated somewhat and Dominions' Government stock*, though not in great demand, have shown strength. Industrials have been active, with steady investment demand for companies engaged in luxury trades. Mr. "Neville Chamberlain's optimistic epeech in the House of Commons jesterday, in which he said he expected a further- increase use in wholesale price and a continuance of'cheap money and an international currency standard, is likely to haveV good'effect on the Stock Exchange, and the outlook for the New Year appear*' to be good. .... There has teen considerable activity in •the capital, issue market, borrowers taking advantage vof the favourable monetary conditions.