IMPROVEMENT IN UNITED STATES

Otago Daily Times, Issue 21982, 17 June 1933, Page 18

IMPROVEMENT IN UNITED STATES

Bank circulars and trade journals from America take a more favourable outlook on the position in the United States and it. the world _ generally. Commercial failure,t in America have decreased. The total in March was the smallest for the month in eight years, and April showed equally good results. Steel mill operations have enjoyed a pronounced revival, the highest point since March, 1932, having been reached. Motor car sales are on a more satisfactory basis, and merchandise car loadings show a seasonal gain, exceeding figures for last year. The building industry, however, continues dull. A cable message received last week by a Melbourne financial bouse from New York states:-—“ Consumptive demand for all commodities continues to expand, and the general feeling is increasingly hopeful. It is now obvious that the Administration will not permit a material reaction.” The message added that if the necessity arose the President would be prepared to use his powers freely to finance public works, relieve debtors of debt, create flat money, devalue currency, fix wages, hours, and prices, and prohibit imports.

PALMERSTON STOCK SALE (Special to Dailt Times.) PALMERSTON, June 16. The monthly stock sale was held at Palmerston to-day in fine weather. The attendance was not good, and the number of lines offering was not large, but prices for sheep showed an improvement on the last sale. Cattle. —Old cows brought from 10a to 20s; yearling cattle, 255; good empty cows, £3; three-year-old steers, £6 10s; bulls, £1 to £1 15s; two-yenr-old steers, £3 12s 6d; spring calvers, £3 10s to £4 10s; cows at profit, £5 ss. Sheep.—There were about 300 wethers yarded, and prices generally were better than last month. Six and eight-tooth wethers realised from 9s 6d to 12s 3d and mixed-sex lambs 9s Id. Pigs.—About 40 pigs were offered, but prices were not very good, running from only 3s to 9s 6d. COMPANIES REGISTERED The Mercantile Gazette announces the registration of the following companies:— Potters, Ltd.—Registered as a private company May 31,1933. Capital: £IOOO, in 1000 shares of £1 each. Subscribers: Dunedin—S. J. Potter 100, A. J. Potter 100, W. J. Potter 700, W. H. Potter 100. Objects: Tobacconists, hairdressers, manufacturers of cigarettes, snuff, cigars, etc. Manson (G. and J.), Ltd. —Registered as a private company June 2, 1933. Capital: £2500, in 2500 shares of £1 each. Subscribers: Dunedin —G. Manson 1250, J. Manson 1250. Objects: Lawn mower specialists, ironworkers, blacksmiths, mechanical engineers, etc., manufacturers of agricultural implements, and incidental. Other Commercial News appears on page 8.