BRITISH TRADE

Evening Star, Issue 21819, 7 September 1934, Page 7

BRITISH TRADE

IMPROVEMENT CONTINUES FAVOURABLE OVERSEAS TRADE RETURNS (British Official Wireless.) Press Association—By Telegraph—Copyright. RUGBY, September 5. Further evidence of the continued improvement in trade is shown in the traffic returns of the four principal railway systems. The total receipts for the past week amounted to £3,261,000, representing an increase of £129,000 on the corresponding week of 1933. The recent favourable returns from overseas trade are also reflected in the improvements in the entrances and departures from United Kingdom ports of ships engaged in foreign trade. The return shows that the net tonnage of vessels arriving in July was nearly 4 per cent, more than in July, 1933, while the departures with cargo increased by 1.4 per cent. Arrivals in ballast were 0.7 per cent, smaller, and the departures 2.3 per cent, greater. Increases were general in the coasting trade, cargo arrivals rising by 1.8 per cent, and departures by 1.7 per cent!, ballast entrances by 5.9 per cent, and clearances by 8.1 per' cent. GOVERNMENT STOCKS BUOYANT GREATER ACTIVITY IN HEAVIER INDUSTRIES, LONDON, September 6. The ‘Daily Telegraph’ says: “The war loan’s new record price of £lO5 represents the peak of the upward movement which has been progressing since the crisis of 1931, and indicates the money value of a balanced Budget. Other securities are sharing the buoyancy of Government stocks. Their rise is partly due to the improvement in the trade position resulting from the Government’s policy. Ultimately, however, it reflects the influence of the political stability achieved by the formation of the National Government. The railway -traffic returns are symptomatic of producers’ activity and consumers’ spending power. An analysis shows that the coal traffic has been largely responsible for the increase. The rise also indicates greater activity in the heavy industries. , A welcome sign is the expansion of general enterprise.”