WORLD TRADE

Greymouth Evening Star, 31 December 1934, Page 5

WORLD TRADE

BRITISH 1935 OUTLOOK. [BY CABLE —PRESS ASSN. —COPYRIGHT.] LONDON, December 29. Modified optimism characterises the expectations for British 'trade in 1935. “The Economist” points out that, although the road is not yet clear for any further rapid advance, latest indications are moderately encouraging. Britain, in company with most countries, has suffered from a slowing down of the rate of recovery since the middle of 1934, and has merely held the ground gained in the last six months, but international trade has recently tended to rise again. FRENCH HOPES. LONDON, December 29. The “Daily Express’s” Paris correspondent says: M. Rollin, Colonial Minister, in a. special interview, described a five year plan which is being prepared to make the French Empire economically independent. Her wool will be obtained from the highlands of Northern Africa, her coal from IndoChina and Morocco, and her long staple wool from Algeria. ARTIFICIAL WOOLS. LONDON, December 29. “Germany cannot do without wool despite Herr Hitler’s assertion. The world may laugh, when Germans say that they can make themselves independent of it and of other fundamental raw materials within two years,” writes Professor Eber Midgley, of Bradford Technical College. After his first analysis of the German synthetic fibres, he says that the principal fibre of vistra contains rayon, and also a fixed quantity of pure wool. The fibre of Woolstra consists of 50 per cent, of virgin wool and 50 per cent of vistra. He adds that the clothes produced from them are very deficient as compared with wool fabrics.