TIDE REALLY TURNED

Waikato Times, Volume 114, Issue 19053, 18 September 1933, Page 7

TIDE REALLY TURNED

BRITISH TRADE REVIVAL. LORD BARNEY'S REVIEW. V- . BENEFIT OF IMPORT DUTIES. United Press Assn.—Elec. Tel. Copyright# (Received Sept. 18, 9.30 a.m.) LONDON, Sept. 17. Among the' responses of business leaders to the Sunday Times' question, “ Has the industrial tide really turned?" Lord Barnaby who is on the directorates of Lloyd's Bank, Commercial Union Assurance Company, and the Central Electricity Board says the official returns clearly show Improving trade and Increased exports. Manufactures reflect lower manufacturing costs owing to more reasonably valued currency. The Import duties are now dearly beginning to help the iron and steel trades as they; have already done In the wool texti 16 S • Regarding the latter, continued Increase in exports follows a previous marked decrease in imports. World values have undoubtedly been strengthened by the advances in wool prices. In the United States wool is still reasonable against pre-war values, measured in terms of gold. Women’s fashions still favour wooJ products. RETAIL PRICES. HIGHER THAN IN 1914. (Omnal Wireless.) (Received Sept. 18, 10.30 a.m.) ■ RUGBY, Sept. 17. The average level of retail prices at September 1 ' was approximately 41 per cent above -the -level of July, 1914, -compared with 39- per cent’ a -month earlier and 41 per cent a year earlier.