COMMERCIAL.

Star (Christchurch), Issue 16829, 4 September 1922, Page 8

COMMERCIAL.

BRITISH TRADE. FORTNIGHTLY REVIEW. A GENUINE REVIVAL. By Telegraph —Frees Association — Copyright Australian and N.Z. Cable Association. LONDON, September 2. There seems good reason to believe that a genuine revival of trade in Great Britain has at last commenced and that the country is on its way to a new era of trade prosperity. Reports almost unanimously refer 10 the increased activity due to the growing demand, chiefly from the dominions, the United States and the Ear East, and in a lesser degree from European countries. In the iron and steel industry. for instance, it has been fount) necessary to put more blast furnace** into action, chiefly tr> meet American and Continental orders. There is also an increasing output of locomotives for Home. Dominion and South American railways, all placing orders for engines* as weil as rolling stock and rails. The hosiery trade is receiving excellent orders, all Leicester spinning mills being on full time.

THE WOOLLEN TRADE REVIVAL Xu the heavy vooller mill® at Dewsbury irnirh spinning, dyeing and finishing machinery is running day and night to fill special orders for rapid delivery. There i<= a great demand for cloth for shipment to the Far East and large quantities of nap cloths are turned out. The textile industry generally is s*o busy that some firms are attempting to start work at six in the morning. -« step which has provoked action by the National Union of Textile Workers, who intend to resist any increase on forty-eight hours r>er week and pro pose to take a ballot of the whole of the textile employees on the question. THE FOREIGN EXCHANGE MARKET. Foreign exchanges have improved ali round on the reparation compromise. The German mark is quoted at 5650 and the French franc at 57.40. The Stock Exchange is also much more cheerful. THE LONDON MARKET. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association, i Received September 4. 8 a.m.) LONDON. September 2. COTTON. The Liverpool quotation for American. October delivery twelve point cotton is 6s 3d per pound. RUBBER. Para rubber is quoted at lOfcd per pound: plantation at 6£d, smoked sheet at 63d to 7d per lb. » COPRA. The October shipment is quoted at £22 3Os per ton. JUTE, September-October-November shipment at £32 10s per ton. NEW ZEALAND HEMP. September-October shipments are at £39 10s a ton. LINSEED OIL. The quotations for linseed oil are £34 IDs per ton <2» 'Hd a era lion >. TURPENTINE. Turpentine is quoted at 95s a cwt (7a 2d a gallon). TALLOW. Stocks total 7916 casks, the imports during August being 4005 and deliveries 3960. WHEAT. The cargoes have steadily held for about late rates, but the demand is poor and Australian afloat is quoted at 60s Bd. Parcels are firm, and occasionally threepence dearer. There is better inquiry, but no actual business. Quotations are:—Australian afloat 50e. STOCK EXCHANGES. CHRISTCHURCH. Following are the latest quotations:—

OTHER EXCHANGES DUNEDIN, September i 4. Saloe on ’Change—Grand Junction 10s; Government 1939 Bonds £97 2s 6d.

Buyers. Sellers- £ s cl £ s d N.Z. GOVT. STOCK44 p.c. Inscribed, 1938 97 0 (> 98 0 0 4i p.c. Bonds. 193S . 97 0 0 97 15 0 54 p.c. Inscribed, 1933 99 12 6 BANKS— Australasia . . . 13 2 6 Com m. of Australia . 1 12 3 National of N.Z. .606 New Zealand • • 2 15 0 2 15 6 Union of Australia . 13 4 6 LOAN AND AGENCY— Goldebrough Mort. . 2 3 0 2 4 0 National Mortgage 3 9 0 N.Z. Loan and Merc. lord, stock) . . 73 0 0 SHIPPING— Adelaide Steamship . 110 Huddart-Parker . 2 9 6 2 11 0 FBOZEN MEAT— Canterbury . . 13 13 6 N.Z. Refrig (£1 paid) 14 3 14 6 N.Z. Rofrig. (10b paid) 0 12 3 0 13 9 COAL— „ Westport-Stockton . 0 4 6 0 o 6 WOOLLENS— Kaiapoi • (£1 paid). (ex diY.) ... 136 GAS— Chrifltcburch . 7 16 6 BREWERIES— Crown . . 1 10 0 MISCELLANEOUS— British Tobacco < Aust.) . . . 1 19 n Burns. Philp - - 1 12 6 Mason. Struthers (£1 paid) (cum. dif.) . 14 6 Mason. Struthers (14s paid (cum. dir) . 0 15 6 Mason. Struthera (6s paid) (cum. dir. 0 6 3 Mason. Struthera (4s paid) feum. div.) . 0 4 8 0 4 10 N.Z. Drug Co. (cum. div.) . . 2 li * Whitcornbe and Tombs 3 4 0 Electrolytic Zinc (pref.) • • . 15 6 ISO MINING— Mount Lyell . - 0 19 0 Waihi ... 190 MISCELLANEOUS — N.Z. Farmers' Co-op. (6 per cent cum. pref.) ... 500