BRITAIN’S RECOVERY

Greymouth Evening Star, 7 September 1934, Page 7

BRITAIN’S RECOVERY

STOCK VALUES RISING. [BY CABLE —PBEBS ASSN. —COPYRIGHT.] LONDON, September 6. The “Daily Telegraph” says: War Loans stock has reached a new record price of 105. This represents the peak in an upward movement progressing since the crisis of 1931, and indicates the money value of a. balanced budget. Other securities are sharing the buoyancy of the Government stocks. Their rise is partly due to improvement, in trade. The position resulting from the Government’s policy ultimately, howevei], reflects the influence of political stability achieved by the formation of a National Government. Railway traffic returns are symptomatic of producers’ activity and consumers’ spendingpower. An analysis show’s the coal traffic is largely responsible for an increase. The rise also indicates greater activity in heavy industries, a welcome sign of general enterprise expansion.

TRANSPORT BUSIER. RUGBY, September 5. Further evidence of the continued improvement in trade was shown in the traffic returns of the four principal railway systems. The total receipts in the past week amounted to £3,261,000, representing an increase of £129,000 on the corresponding week in 1933. Recent favourable returns in overseas trade also reflected the improvements in entrances and departures of ships at United Kingdom ports engaged in foreign trade. The return shows the net tonnage of vessels arriving with cargoes in July was nearly 4 per cent, more than in July, 1933, while the departures with cargoes increased by 1.4 per cent. Arrivals in ballast were 0.7 per cent, smaller and departures. 2.3 greater. Increases were general in the coasting trade, cargo arrivals rising by 1.8 per cent, departures by 1.7, ballast entrances by 5.9 per cent., and clearances by 8.1.