CHEERFUL TONE

New Zealand Herald, Volume LXXVI, Issue 23277, 21 February 1939, Page 5

CHEERFUL TONE

MARKETS IN LONDON \ . SIGNS OF REVIVAL GOOD TRADE AUGURIES LONDON. Feb. 19 Although business on the London Stock Exchange has not been active, | the account closed yesterday on a cheerful note. Several factors in the past few days have combined to bring about a revival both in business and in prices for gjlt-edgud securities and industrial stocks. Tho first factor was the reception given to tho White Paper on defence, which was accepted as an indication that the enormous expenditure on defence was likely to make war improbable. Then came Sir John Simon's optimistic speech and the expression of the Secretary of the Board cf Trade of the hope that the setback from which trade was suffering was over. Lastly, came events in Spain which are regarded as an indication of early peace there. It is also considered that the Government's plans are not likely to add materially to taxation.

A good trade augury is tho announcement that the number of foreign buyers who are to visit the British Industry Fair at London and Birmingham next week is 3-3 per cent above last year. BRITAIN'S CUSTOMERS NEW ZEALAND LEADING PER CAPITA CALCULATION LONDON, Feb. 10 The Economist extracts from the Board of Trade returns details of Britain's 12 best customers in 1938 in the following order: —South Africa, Australia, India, Burma, Canada, Germany, the United States, Eire, Argentina, New Zealand, Denmark, France and 'Holland. However, when the value of imports per head of population is taken, New Zealand is easily tirst, with £ll 19s lid. Eire second with £6 17s 8d and Australia third with £5 10s lid. LAMB MARKET WEAKER HEAVIER WETHERS EASIER The Bank of New Zealand has received the following advice front its London office as at tho close of business last week: —Wethers: The market is weaker for heavy-weights; lightweights remain steady. Ewes: There is a moderate demand. Lambs: There is a moderate demand, but the market is rather easier. Quotations: —Wethers: Light. 3jd to od per lb.; heavy, 3ld to 33d Ewes, 2d to 3d. Lambs, twos, 7id to 73d; eights, 7.\d to 7gd; fours, 7d to 7id; seconds, 7*d to 7id. DAIRY PRODUCTION INCREASE AT MORRINSVILLE [fuom ouit own cohukspondknt] HAMILTON, Monday The production of the Morrinsvillo Co-operAtivo Dairy Company, Limited, during last month showed an increase of 22 tons compared with the corresponding period of 1938, according to a statement issued to-day. The output for January of this year was 445 tons, as compared with 423 tons in January, 1938. The amount of butter-Jnt handled during January last was 778.418.21b., as against 813,516.21b. in the same month last year.

The company advanced its suppliers £49.088 to-day on butter-fat supplied in January, tho sum advanced for January, 1938, being £12.012. The payments made by the company this season total £287.206, as against £281.507 in the same period of last season. NEW COMPANIES SOUTHERN REGISTRATIONS The registration of the following new private companies is published in the Mercantile Gazette: — Milne (J. H.> nnd Sons. Limited (Tnvercarglll).—Capital, £3021, in 3024 shares oJ £1 each. Subscribers: Tnvorcargill—A. S. Milno 201 (i, J. Milne, 33(1; A. J. Milne, 330; A, 1. Milne, 33(1 Butchers, meat importers and livestock dealers. Katranski Merles, Limited (Napier).—Capital, C2OOO into t'l shares. Subscribers: Hastings—A. Katranski, 1000; Kssie Katranski. 100. To acquire and take over as n going concern the costumier, furrier and clothing manufacturers business of Alexander Katranski. • Mutfonhole Mains, Limited (Masterton). — Capital, £SOOO into 5000 shares of £1 each. Subscribers; Masterton—P. J. Borthwick. 100; Nancy H. Borthwick, 4900. Farming and etock-breeding.