FINANCE AND COMMERCE

Press, Volume LXXII, Issue 21975, 26 December 1936, Page 9

FINANCE AND COMMERCE

IMPROVED TRADE FIGURES £12,589,000 EXCESS OF EXPORTS New Zealand's overseas trade continues to improve under all heads. For the 11 months ended November 30, exports at £52,430,000 were up £9,814,000 on the corresponding period of last year; imports at £39,841,000 showed an increase of £6,738,000; and the balance of trade was well preserved, with an excess of exports over imports amounting to £12,589,000 compared with £9,513,000 for the 11 months of last year. The week-end cabled advices are to the .effect that the lamb market is quiet and the new season’s consignment is selling slowly at 8d to B:Jd per lb off the hooks. The price of New Zealand butter has further declined the current quotation of 95s for choicest salted being Is lower’than Wednesday’s value, and 5s lower than last week-end. Unsalted at 100s is 4s lower. A quotation of 100s per cwt, London, is equivalent to 11.76 d per lb, f.0.b., as compared with the guaranteed price of 12.56 d per lb. This is the fourth week in succession in which the London market value for choicest salted has been below the quaranteed level. Encouraging reports are to hand about the reception on the London market of a trial shipment of New Zealand-grown tobacco. which has been disposed of at the overall price of 2s per lb.