HOME TRADE

Gisborne Times, Volume LXXXIII, Issue 12751, 6 January 1936, Page 5

HOME TRADE

REVIVAL IN TEXTILE BUSINESS.

BUTTER EXPECTED TO RISE.

FAIR SEASON AHEAD OF CHEESE.

(U.P.A. by Elec. Tel. Copyright) (Received Jan. 5, 11 p.m.) LONDON, Jan. 4.

The Economist’s monthly trade survey points out that, while further recovery will depend on international events encouraging the index, business activity remains unchanged at September’s high level, all sections in engineering making the greatest headway since 1929. The revival in the textile trades is marked, especially wool, where it is largely due to the rise in raw' material. A feature of the past f ow weeks has been the scramble for coal as an insurance against a possible strike. The commodity markets, especially .wheat, are more bullish and more sober. The attention *of the woo! trade is concentrated on the Australian sales, users hoping that the probable- increased demand will not send prices above a reasonable level.

Contrary to expectations, butter has risen sharply. Considerable quantities of Australian have been withdrawn Irorn sale. The demand is sufficient to take care of current arrivals and to warrant higher prices, especially as it is anticipated that only 2000 tons of Australian butter will lie shipped from next week. Baltic butters are also short.

The delayed improvement in cheese has also materialised. While the trade does not expect the higher levels to continue indefinitely, it anticipates a fair average season around 54s to 56s for New Zealand white coloured.