BRITISH TRADE

Press, Volume LXX, Issue 21323, 16 November 1934, Page 11

BRITISH TRADE

GENERAL INCREASE I SHOWN IMPROVEMENT ON LAST YEAR (united press association—et electric telegeafh—copybight.) (Received November 15, 5.5 p.m.) LONDON, November 14. Board of Trade returns for the month, compared with those for the previous montbfand for October last year, are as follows: Oct., Sept., Oct. 1934. 1934. 1933. £ £ £ Imports 63,993,589 57,733,498 61,165,614 Exports 36,748,545 33,957,248 34,120,986 Re-exports 4,001,668 3,249,836 4,571,005 For the 10 months of the current year imports show an increase over 1933 of £56,174,518. Exports have increased by £23,228,309. The principal increases for October, compared with October, 1933, were. IMPORTS £ Grain and flour .. ■ ■ 564,000 Beverages and cocoa preparitinns . • 442.UUU Tobacco •• •• 2,608,000 Non-ferrous and metallifcrous ores .. .. 348,000 Wood and timber .. .. 701,000 Rubber .. •• UWVjOO Non-ferrous metals and manufactures .. •■ 677,000 EXPORTS I-on and steel and manufactures thereof .. 480,000 Machinery .. 020,u00 Cotton yarns and manufactures . ■ • • 332,000 Vehicles .. •• 310,000 Decreases were:--IMPORTS Living animals for food .. 343,';00 Fresh fruit and vegetables .. 334,000 Raw wool . . . . 747.000 Hides and skins .. .. 269,000 Leather .. .. 227,000 EXPORTS Non-ferrous metals and manufactures .. .. 237,000 GOVERNMENT STOCKS STILL RISING EFFECT OF TREASURY ANNOUNCEMENT REPAYMENT OF BONDS LONDON, November M. The Treasury announces that oil November 20 it will draw £44,000,000 3 per cent. Treasury Bonds for repayment in April, thus reducing the amount of these bonds outstanding by half. After the announcement of the Treasury's decision to increase the amount of its annual redemptions of these bonds from 10 to 40 per cent., there was a fresh burst of strength in British Government stocks to-day. The total issue in 1032 of these Treasury bonds was £110.000,000, and 'the prospectus provided for annual drawings of not less than 10 per cent. It was understood, however, that the reduction could be accelerated. Gilt-edged securities opened buoyantly and quickly established fresh high records. War Loan 3! per cent, after going to £ 107 10s, dropped to £lO7 2s Gd Consols, 21 per cent., were quoted at £9O and other Government stocks and local loans changed hands freely at higher prices. Indian stocks continue strong, notably 2i per cent, at £79. Lists"for the new issue of £500,000 3 per cent. Wakefield Corporation stock, at £9B 15s, closed within five minutes. *