THE TRADE OUTLOOK

Otago Daily Times, Issue 22060, 16 September 1933, Page 11

THE TRADE OUTLOOK

AN OPTIMISTIC VIEW MANY ENCOURAGING SIGNS Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, September 14. In his presidential address to the autumn, meeting at Glasgow of the Association of British Chambers of Commerce, Sir Alan Anderson took a cautiously optimistic view of the trade outlook. The recent fall in unemployment and the improved overseas trade returns have, encouraged siniilar views in the city, which were reflected in the cheerful tone od! the Stock Exchange. A further indication of trade recovery is afforded in the railway traffic returns during the past seven weeks. The total receipts of the four railway companies for all classes of transport have been £805,000 higher than those during the corresponding period last year. Passenger traffic has risen by £530,000 and merchandise by £409,000, while minerals have fallen by £134,000. Shipping returns show an improvement during August. Two hundred and forty ships, totalling 763.000 tons, arrived at Liverpool, compared with -185, totalling 630.000 tons, a year ago. The Board of Trade Gazette records a I further slight increase in wholesale pidccs during August, ■' ■ —" 1 WORLD CLUB ADVOCATED. | I LONDON, September 14. i Speaking at Glasgow, Sir Alan Anderson, in his presidential address to the British Chambers of Commerce, advocated a world trade club, the members of which together by exchange of the most favoured nation treaties and combining a6tion with the central banks would assist in maintaining stable prices of currencies. Such a club .should he large enough to Revive world trade, and •would be the only answer to the Economic Conference’s dilemmas. Sir Alan Anderson is a partner of the firm of Anderson, Green and Co., managers of the Orient Line. He is a director of the Bank of England, the Suez Canal Company, and the L.M. and S. Railway.