STILL EXPANDING.

Auckland Star, Volume LXVII, Issue 194, 17 August 1936, Page 4

STILL EXPANDING.

TRADE OF BRITAIN. EXPORTS AND IMPORTS. HEAVY TURNOVER IX JULY. (Received 10 a.m.) LONDON, August 16. Tlie British Board of Trade reports overseas trade for July as follows:— Imports, £08,731, COO: exports, £40.085,000; re-exports, £4,991.000. Principal [increases compared with July, 1933, are:— I Imports: Dairy produce, £1,549,000; cotton land raw wastes, £1,789.030: non-ferrous | metals, £678,000; iron and steel, £542,000; wood and timber, £935,000. Exports: Machinery, £529,000; cotton yarns manufactures, £488,000; woollen and worsted yarns manufactures, £438.000; re-exports cotton and raw waste, £537,000. Docreases:—lmports: Fresh fruit and vegetables, .£858.000; wool and raw waste, i £367,000; rubber, £377,000. Exports: Nonferrous metals, £272,000. Pig lead, imports, £31,210: Australian, £12,139. July in Late Years. (In million pounds.)

total exports 87.0 16u.3 14G.9 187.0 The latest figures follow out the recent trend. 2sot only is the internal trade of Britain making definite progress as shown in figures of retail trade, building returns, etc., but exports and imports also mark continued expansion. Last month's turnover at £113,000,000 is £9,000,000 higher than in June and over £11,000,000 above the returns for July, 1935. Even allowing for an Increase of 5 per cent in wholesale prices in the last twelve months, the latest figures arc impressive as evidence of continued progress in external trade. Increased consumption power is indicated in the substantial imports, and I\ T ew Zealandcrs will be specially interested in the increase of over £1,500,000 in dairy produce imports, an advance partly explained in the higher prices that have ruled lately. The forward policy in armament construction is also reflected in many branches of trade, both domestic and external. Taking seven months' records a similar trend is apparent. Turnover lias shown a steady increase all this year, and the advance appears to have been accelerated in recent months. The economic policy adopted by the British Government appears to have been justified by results, for Great Britain has again assumed world's leadership, held for several years after the war by the United States. A noticeable feature of the latest records is the substantial excess of imports over total exports. However, the so-called "adverse balance" does not necessarily evoke anxiety to the British Chancellor of the Exchequer. Simultaneous with other advances there have been corresponding increases in the items which comprise . "invisible exports," such as shipping receipts, interest, tourist income, etc. Despite the substantial headway evidenced in the above figures, the results fall far short of the turnover recorded before the slump, when there was still comparative freedom of trade amongst the leading nations of the world. Thus in July, 1929. Britain's overseas trade totalled £168.000,000. and for the first seven months of that year they were £1,192,000,000.

4 THE AUCKLAND S T A R, MO FINANCE, COMMERCE AND MARKETS, southern exchanges still expanding. ON 'CHANGE. THE latest quotations, to-day in christchurch. trade of Britain. BANKS— Buyers. Sellers. G, J. COLES RISE SHARPLY. EXPORTS AND IMPORTS WEEK OPENS TAMELY.* Commercial .. 17/11 .. Is/ -I — ~~~~~ • W." 3/2/C :: IMPROVEMENT IN mount lyells. heavy" turnover IN JULY. G J COLES AN EXCEPTION National A'sia 13/15/0 . . 14/3/0 " at - 0.17/0 .. 7/2/6 (By Telegraph.—Special to "Star.") (Received 10 a.m.) Aciv South A\ ales .. 32/7/6 .. 32/15/0 A fresli week opened very quietly on, tlie I Zealand ....... 1/19/3 .. 2/0/0 CHRISTCHURCH, this day. LONDON, August 16. Auckland Stock Exchange this morning. I muu u " llstra ia • J/0/0 .. 9/1Q/0 An exceptionally heavy demand for G.. British Board of Trade reports There were no sales in the room and only IN8URANCE — >'<>,&£ shares was the feature of an overseas trade for July as follows:— a small list from outside National IS 1 .. iS/G Exchange market this morning. Imports, £68,731,000; exports, £40.- •• • ■ > , New Zealand 3/2/0 .. c'/3/0 Loles shot up sharply by 2/0, losing 3d of 085,000; re-exports, £4,991.000. Principal .Bidding generally was rather slow, South British 4/0/0 .. -l/lo/O that advance later, but finishing with increases compared with July, 1933, aie: — brokers being satisfied for the most part Standard 3/1/0 .. o/5./0 business in G20 shares and on a very firm Imports: Dairy produce, £1,549,000; cotton to reinstate week-end quotation* FiNAivriAi asis ', bu >' e . lf ? £1 4 /' 9 and sellers Id above, and raw wastes, £1,789.030: non-ferrous a . . • n T , Another rising stock was Mount Lyells metals, £678,000; iron and steel. £542 000ception was noted in &. J. Coies, investment and which, at £1 9/6, were 2d higher than last wood and timber, £935.000 Exoorts^ which made a further advance, with a banking Assn. .... — .. ij/0 week. The banking section was dull, Machinery, £529.000; cotton yarns manubuyer at £4 4/6 and sellers 3d higher. \m-t' Si! " tL W ° f- cllers of . New Zealands reducing their factures, £488,000; woollen and worsted In the banking section New Zealands Farm. Auct. (£1 paid) 13/0 ! — limits to £1 19/8. Kaiapoi Woollens were yarns manufactures, £438.000; re-exports were steadv with further business at £1 Farm. Auct. (A pref.) l/2/o .. — stead>, contnbutings selling at 6/1, other cotton and raw waste, £537,000. DoTiere steadj, itli luitlier business at £1 Farm Au( . f (B J )ref) 1/1/0 _ _ classes remaining at last weeks closing creases:—Imports: Fresh fruit and vege19/9, and a subsequent market between Goldsbrough, Mort. . 1/11/0 .. 1/11/0 ra^. s - tables, .£858.000; wool and raw waste £ I 19/3 and £2. Newton King (pref.) . 5/0 .. 7/3 1 he _ brewery section was slack, but £367,000; rubber. £377.000. Exports: NonSontli British Insurinm »,n,i u,, c ;„ aol , N.Z. and rtiver Mate 13/0 .. 17/0 Dominions, which have been rising ferrous metals £27"? 000 unchanged at £4 9/ after which x° a " 30/ °/0 " 3 - 0/ ° " 1 ,? ntl,8 .' 1 had str °?= imports," £31,210; Australian, could have been placed at the same figure/ X. - /0 15/0 thf misceHaneous divfst? "valued'were £12 ' 139 ' lhere was a good demand for Breweries, Traders' Finance ... — .. lo/O „_ T10 _ 0 ii„ a, t ? . ® i M l v : n . v with inquiries for limes, Dominion, New Trad. Finance (cont.) 4/0 .. 4/5 y'l fo f Au ,f rah /, ms bl ' t f asl f (Iu million SoS' Zealand Staples' and Tooth's Trad. Finance (pref.) — .. 19/0 * 01 ew Zealands. For Cements limits I n lJIion pounds.) Zealand, staples and lootus. United Build. (Auck.) l/O/O .. 1/1/6 were closer together, at buyers £1 18/3 t 1933. 1934. 1935. 1936. Consolidated Bricks were close to busi- and sellers £1 19/9. Dominion Builders? Imports o3.< 08.0 61.S 68.7 ness r between 9/9 and 9/11, while buyers COAL— Supplies were uncertain, with sellers at R» p „ 0 t r .I. s "5'f 3 ?'7 S H'n of Union Oils dropped back 3d, to £1 10/9. Grev ValIev _ _ 13/0 5/, compared with recent local sales at Ke " e M> orti > ••• _±£ u.U Government stocks were again in steadv Kaitangata 1/1/0 .. — 5/11. Beath's had unsupported sellers at Totals S7.S 05.3 102.2 113.7 demand, and a parcel ot 46 s was available Pukeiniro — .. 1/6/0 £1 4/. Apart from Mount Lyells, little Excess of imat £104, and one of '49's at £106. Renown — .. 14/3 change was recorded in the mining section. ports over Pati-finnc Tnno o+ Renown (pref.) 2/10 .. 3/0 , total exports 19.6 20.7 21.4 23.7 Cautious Tone at Noon. Tauniri 15/S /t> i ..... ! There was still a cautious tone at noon, Xaupiri ("pre'f".)" i!".!!. 1/3/0 .. 1/4/3 (By Tclegraph.-Press Association.) Seven Months Compared. and the sales list reflected fairly, steady CHRISTCHURCH, this day. < Iu pounds.) values within limited scope. New Zealand Sales.—Goldsbrough, Mort, £1 11/5 (2 T J2? 3 - J25 C V Newspapers were most active at un- Auckland 1/3/6 .. 1/3/11 parcels) ; Kaiapoi Woollens (7/ paid); 0/8, K™£"ts • r >y changed rates G. J. Coles and Woolworths . Auckland (contJ .... - .. 18/6 b/7 ; Austrahan Gla«^fc 412/ ; U. g-^ rtg --«g; 5 r« ; | (N.Z.) both advanced, the former sharply, . 8l)1F p INe " . £4 4/9.V 2 • Shorts D&ck'"' 10/6 (2 ' almost reaching their former peak. There S " IFPING — parcels) ; Gillespie^' Beach 1/3- Mount r Totals 676.0 698.3 757.2 were still buyers at the new figure,"with i! ,l 9 /> W 0/flW; Moint Morgan! Excess of