PROMISING SYMPTOMS

Sun (Auckland), Volume II, Issue 443, 27 August 1928, Page 12

PROMISING SYMPTOMS

BRITISH TRADE OUTLOOK (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Press Association) (United Service) Reed. 9.5 a.m. LONDON, Sunday. The “Economist’s” monthly review of the state of trade shows that in several respects the position has deteriorated, but it points out that though the summer decline is more pronounced than a year ago there are no obvious conditions present that would suggest that trade definitely is on the down grade or that the autumn recovery will be prejudiced. “On the other hand, if we look further afield, there are symptoms which < are definitely more promising. First and foremost, the harvests throughout the world are proving unusually good. The Australian wool clip is good, so much so that some regard it as the foundation of a coming trade revival in the Commonwealth.” BRITISH APPLE MARKET SATISFACTORY RETURNS (United P.A.—By Telegraph — Copyright) (Australian and N.Z. Press Association.) Reed. 9.5 a.m. LONDON, Sunday. With the arrival of the Port Sydney’s cargo, the apple season has ended. Considering the huge supplies brought to Europe from Australia and New Zealand, aggregating well over 3,000,000 cases, the general results of the season must be regarded as satisfactory. Certainly the prices realised for the last three or four cargoes have been poor, but the values were well maintained till the beginning of this month, and shippers ought to be satisfied with the season’s average returns. Importers are calling attenion to the unwisdom of shipping French crabs so late as has been done this year, as after mid-July we are plentifully supplied with Home-grown and Continental cooking apples.