FURTHER PROGRESS.

Auckland Star, Volume LXVII, Issue 114, 15 May 1936, Page 4

FURTHER PROGRESS.

BRITISH OVERSEAS TRADE. (Received 12.30 p.m.) LONDON, May 14. The following are the returns of overseas trade released by the British Board of Trade for April: — Imports, £66.665,000; exports, £34,427,000; re-exports, £5,922,000. Principal increases compared with April, 1935, were: —Imports: Grain, fiour, £1,214,000; cotton, raw waste, £925,000; liont'errous metals, £1,006,000; iron and steel. £473,000. Exports: Woollen worsted yarns and manufactures, £220,000. Reexports: Woo!, raw waste, £662,000; rubber, £425,000; nonferrous metals, £664,000. Decreases imports: Meat, £510,000. April in Late Years. (In million pounds.) 1933. 1934. 1935. 1930. Imports 07.2 .">6.3 ">9.8 66.6 Exports 26.4 30.1 33.0 33.4 lie-exports 3.5 5.0 4.2 5.9 Totals 81.1 91.4 97.0 105.9 Excess of imports over total exports 21.3 21.2 22.C 27.3 Four Months in Recent Years. (In million pounds.) 1933. 1934. 1035. 1936. Imports 210.7 240.2 237.8 266.7 Exports 110.1 124.7 138.4 139.4 Ke-exports 16.2 19.9 18.1 21.7 Totals 343.0 384.8 394.3 427.8 Excess of imports over total exports 78.4 95.0 81.3 105.0 The foregoing results furnish gratifying evidence of continued progress in Britain's overseas trade. Latest figures show heavy increases in imports, which will be due partly to increased consumption of foodstuffs and other imports, and partly to greater demand for raw materials, thus demonstrating confidence 011 the part of manufacturers. The so-called "adverse" balance is for this reason lieavicr, but it is probably substantially offset by increase in such invisible items as shipping services, tourist receipts and interest.

WOOL TRADE. LONDON SALES. CROSSBREDS SELL WELL. (Received 11 a.m.) LONDON, May 14. At the wool sales 9957 billets were offered, hicllidiug 4790 New Zealand, and 7717 bales were sold. There was a good selection, with keen competition. New Zealand crossbreds were selling well at full current rates. Australian Merinos were frequently withdrawn, owing to high limits. New Zealand greasy halfbred, Boseobei, top price 14% d, average 14d. BRADFORD TOPS. (Received 3 0 a.m.) LONDON, May 14. The Bradford fops market is quiet, but very firm. Yarns are unchanged. New business is quiet, especially on export account. Following are to-day's prices and those of recent weeks: — Apl. 23. Apl. 30. May 7. May 14. Per lb. Per lb. Per lb. Per lb. d. d. d. d. Seventies . . 35 ii.j 35 3.3 Sixty-lours 33 33 33 33 Sixties .... 32 32 32 32 Fifty-eights 20 2(5 20 ' ' 2(5 Fifty-sixes . 21i 21} 21} 211 Fifties .... 10i! 103 10J 10i Forty-sixes 145 14} 14} 14} Forties 132 13} 13} 13} RESEARCH AND PUBLICITY. AUSTRALIAN LEVY CD A BALE. (Received 11 a.m.) CANBERRA, this day. A levy of Cd per bale on all wool grown in Australia has been fixed by the Federal Government in its plan for wool research and publicity. The levy is expected to yield £60,000 a year.