WORLD ECONOMIC

Press, Volume LXXI, Issue 21363, 4 January 1935, Page 9

WORLD ECONOMIC

PROSPECTS GENERAL TREND MILDLY ENCOURAGING (BRITISH OFFICIAL. WIRELESS.} RUGBY, January 2. In a survey of world economic prospects "The Times" says that in Great Britain the first half of last year brought a comparatively rapid revival of trade and, though in the second half the rate of recovery slowed down, there are as yet no indications of any serious reversal of the upward trend approaching. Indeed, at mid-December the number of insured persons in employment reached the highest figure on record and Christmas trade was brisker than for many years.. But the revival has been mainly confined to home markets, and though export trade has made a slow but continuous expansion for 18 months, many great industrial have made little headway in this direction. The general trend of world trade, though not exhilarating, is at any rate mildly encouraging, for the tendency toward contraction seems to have been arrested. MORE SHIPS REACHING BRITISH PORTS (BRITISH OFFICIAL WIRELESS.) (Received January 3, 7.5 p.m.) RUGBY, January 2. The net tonnage of arrivals at British ports of ships with cargo in foreign trade in November was 3.4 per cent, greater than in November 1933, but the entrances in ballast were 3.4 per cent. less. Departures with cargo rose by 3.9 per cent, and ballast clearances fell by 3.3 per cent.