TRADE ACTIVITY.
OPTIMISTIC OUTLOOK. (British Official Wireless.) RUGBY, Jan. 27. The annual meetings of shareholders in the leading banks held at this time of the year provide an opportunity for leading bankers to review the. current trend, of finance and .commerce. So far there seems to be general agreement among them that the present domestic trade revival has come to stay and is indeed likely to make further progress. , . Tfiis view is shared also by the chairman of the Midland Bank, Rt. Hon. Reginald McKenna. Apart from international polities, Mr McKenna had no difficulty in discovering ma.ny causes for anticipating a continuation of trade activity unhampered, by any restrictions in the shape of high money rates. RETAIL SALES ADVANCE. (British Official Wireless.) RUGBY, Jan. 27. The money value of retail trade sales reported for December was 5 per cent, higher in 1936 than in 1935. All districts shared in the advances. The sales of food and perishables were i. 2 per cent, greater, while those of other characters rose by 4.9 per cent. For the II months February to December, 1936, an increase of 6.2 per cent, is shown in the total sales as compared with the corresponding period of 1935.
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https://paperspast.natlib.govt.nz/newspapers/MS19370129.2.86
Bibliographic details
Manawatu Standard, Volume LVII, Issue 50, 29 January 1937, Page 7
Word Count
201TRADE ACTIVITY. Manawatu Standard, Volume LVII, Issue 50, 29 January 1937, Page 7
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