TRADE REVIEW

Hawera & Normanby Star, Volume XLIV, Issue XLIV, 10 June 1924, Page 5

TRADE REVIEW

STOCK EXCHANGE INAG!RvS.

PRICES REMAIN STEADY

TEE WOOL POSITION

»1 CABLE—PRESS ASSOCIATION-* JOPYRIGHI LONDON,, J une 7, .there has been a holiday iu r over the Stock Exchange this w* *b, the mmbiiied effect ot Epsom m <»g and the &£- ---pi-oach of the Yv hitsun .tide recess hav~ ing reduced most d- fcments to a state of i*aetivity. Another cdntribp±ory factor to the g<«eral dullness has ce^u tfa& unsatisfactory cotoise «af £&v----«iga exchanges, -which produced a heavy testtewey in most foreign "bonds. The "Wfe&tetess of the sterling <exdia*ige t&u York iias caused some appreheii«i<su of a possible increase in the iiaak *»ie, and this as caused quietness hi Ifcbe igiMlr-edged market, ■ but prices tr'^iaaiii steady, thanks to the large <lisburseJSients of money for j ajne dividends on *war loan and other istocks. Industrial "shares have been dull, oils. some liquidation from Paris HzaTring followed the fall in the franc exchange, and home railway stocks have been depressed owing to labour troubles. Ob© bright spot is the_Kaff ir market. South /.'African mines being freely bought With inference to the wool position, a correspondent of the Economist -writes: ~ *'N^^oubt finance is playing a very imJjHpant part, and if Germany could Be' "relieved from its preseiit financial tightness a great improvement would soon be seen in ail markets. The French political crisis is also having an adverse influence upon the textile industry in Northern France, and while yre do not think a strike will materialise among the textile workers of this country, fear thereof is influencing some forced sales. Trade in the consuming centres has been exceedingly slow since the close of the London sales, hence the future is regarded with some con-cern.—Aus.-N.Z. Cable Assn.