ENCOURAGING SIGNS

Evening Star, Issue 21505, 1 September 1933, Page 7

ENCOURAGING SIGNS

TRADE REVIVAL IN BRITAIN INDUSTRIAL ACTIVITY Press Association —By Telegraph—Copyright. LONDON, August 31. Signs of generally reviving trade continue. Clydeside reports the best month for several years, with seven new vessels ordered. The iron and steel industries have also substantially improved, and several furnaces have been reopened. The iron output has increased by 1,000 tons a week following nu Argentine order worth £700,000. South Wales has secured an important coal contract. The rail traffic figures show substantial improvement. They are up nearly £500,000 oh the first seven weeks of the financial year.

IMPROVEMENT IN TRAFFIC RECEIPTS STOCK MARKETS FIRM. (British Official Wireless.) RUGBY, August 31. (Received September 1, at noon.) A material improvement in traffic receipts is recorded by tho four main lines of railway, the companies' total earnings last week being £119,000 higher than for the corresponding weofc of last year. Raw materials and other goods, as well as passengers, show an increase, and this is taken as one of several indications which exist of a steady trade revival. Among other indications are activity in the Clyde, where seven new vessels have been ordered, making August the busiest month of the year, increasing work for blast furnaces, causing tho erection of new plant by tho north country iron and steel firms, and renewed activity in welding plant. On tho Stock Exchange tho markets show a firm tone, and activity has been keen for this time of the year. This is attributed by the City editor of ‘ Tho Times ’ to the fact that less attention is now being given to tho vagaries of exchange and the uncertainties of tho American situation than to the evidence of improvement in tho trade outlook and in the statistical position of commodities, coupled with tho encouraging home rail traffic returns. Ho adds that it is generally realised that no general restoration of world finance and trad© can take place until a common international monetary ■standard is restored and exchange restrictions abolished.