BRITISH TRADE

Wanganui Chronicle, Volume LXXXIII, Issue 19584, 8 June 1926, Page 8

BRITISH TRADE

EFFECT OF STRIKE MARKETS REPORTED STACN.INT. N.Z. LOAX SUCCESSFUL. LONDON, June 5. The prolongation of the coal stoppage has bail the effect of checking business on the Stock Exchange, as investors are inclined to show caution. 1 he markets as li whole have been stagnant, but gilt edgeds remain firm despite the absence of business, and the success of New Zealand’s loan had an exhilarating effect on all colonials, most of which have appreciated in value as the result of this loan, of which the scrip is now quoted at 1 11-16 per cent, premium, and which obviously indicates that there is plenty of money available for good investment. The stock was offered on favourable terms, and conse- | quently it is not surprising to hear that other colonial issues tire being prepared. No official information is at present available, but it is generally understood that Victoria and the Commonwealth of Australia are likely to be the next borrowers, and neither should have any difficulty in filling requirements. Butter Prospects. Butter prices tiro well maintained, although buyers are not particularly active, most of them awaiting developments. They are fully aware that prospective supplies from Australia and New Zealand will be considerably less than this time fest year, but against this they set the large increase in Home and Continental production and the large quantity of colonial butter known to be held in cool stores. One important factor in the butter situation just now is the probable diminution in the demand owing to the late general strike and the coal stoppage which have reduced the purchasing power of many members of the community and are likely to cause them to abandon butter for margarine. Apple Market. The trade in apples is being adversely affected by the railway trans port difficulty, due to the coal shortage. Provincial buyers cannot depend on receiving supplies by rail, and consequently they are reducing purchases, and prices have given way somewhat, chiefly-for common varieties and overripe fruit. In view of the enormous quantity of apples (already here and afloat, further reductions in values may be expected, especially as the supplies of soft fruits are now steadily increasing. So far these have been much smaller than anticipated owing to the cold wet weather here find on the Continent, but a glut of them is expected shortly.