Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
TRADE
OUTLOOK IMPROVES
Better Wheat and Wool
Prices Are Aid to Bust
ness CONFIDENCE.

The Commerce Department has been
advised that the Australian outlook has
been improved considerably during the
past week by better wheat prices and
the f1rmness of wool.
Sales held at Brisbane showed a
hardening tendency in prices with gen.
eral competition keen and clearances
good. according to Trade Commissioner
James E. PEBBLES at Sidney.
Strike Reported Settled.
The seamen strike, which spread to
all vessels at Sydney having Australian
crews, was reported by PEBBLES to be
settled.
The Australian wheat development
added another bright spot in the de-
partment'S weekly report of world
economic conditions based on cables
and radio reports received from its
representatives abroad. Further rise in
cereal prices, the report said, has caused
a continued good outlook and an easier
exchange situation in Argentina.
The general feeling in the interior
IF the country has improved somewhat,
the report said. although imports and
the distribution of trades of Buenos
Aires have not as yet reacted favorably
because importers are awaiting the out
come of the national elections which
take place today.
The Bolivian Congress is considering
new increase of imports duties on
flour and wheat in order to protect the
national industry a cable from that
country stated. Business conditions
there, however, were reported as I'M
favorable and the emergency law OF
September %, suspending gold pay
mentS, was extended by executive de-
cree for another month.
TVan Mt m
chandise in Quebec. British Columbia
and the prairie provinces featured bust
ness in Canada. Steady rise in grain
prices created an optimistic tone
throughout the provinces.
Although the fundamental economic
position of Chile apparently mas been
improved by the continuance of ia
vorable trade balance, neither the out
put of industries, the credit position
nor retail trade show any substantial
betterment. Military movements have
caused Chinas immediate commercial
outlook to be extremely clouded, ac-
cording to advices from Shanghai.
Lire Exchange Stable.
The department was advised that
during October there was no definite
Improvement in the adverse economic
conditions that have prevailed for sew
eral months in the Dominican republic,
while British industry and trade during
the last month were dominated by
financial and political developments.
Trade circles reported that the victory
Of the National government at the gen.
eral election offers a strong stimulus to
J business confidence.
The assured stability of lire exchange
and the belief that the new program
for public works will meet adequately
the Winter employment problem have
| caused a slightly more optimistic out
look during the latter part of october
in Italy. Gold shipments from japan
during the past month totaled 1876 ,0O0,-
900 yen, but despite this loss of specie
the Bank of Japan still has coverage
of 492 per cent for the note issue.
The report said loans and the note
issue continue to increase in Japan,
causing renewed agitation in some quar-
tiers for the removal of the gold en-
barge Government and financial lead
ers have issued statements, however, re-
iterating Japan's ability to maintain free
gold.