U.S.A. FOREIGN TRADE.

Press, Volume LXVI, Issue 20106, 9 December 1930, Page 12

U.S.A. FOREIGN TRADE.

heavy decline disclosed DEALINGS WITH AUSTRALIA. (UKITJSD rRK33 ASSOCIATION-BY BLECTEIO (UIIM tb i.EORA.FH—COPYRIGHT.) (Received December Bth, 8.95 p.m.) WASHINGTON, December 7. The Department of Commerce has announced that the value of the United States foreign trade for the first ton months of 1930 has declined by over two billion dollars on both imports and exports below the like P®™* j Exports' from* the United States to j Australia for the first ten months ot I c i29 totalled 163,084,000 dollar^; in 1930 they were _ 96,124,000 dollars. Imports from Australia tor the same period or 19Jy totalled 51,000.000 dollars; in 1930 they were 29,000,000 dollars. . Jt was announced that tne boviet alone showed increased purchases of American goods. Imports and exports to Great Britain and Canada decreased sharply. INTER IMPERIAL TRADE OPINION GROWING IN FAVOUR. s [THE PRESS Special Service.] "WELLINGTON, December 8. "I am among those who think a great change is taking place in the economic mind of England," said Lord Barnby in his address at the luncheon given him by the Wellington Chamber of Commerce to-day. "The 92 per cent, vote in the Federation of British Ini dustries' ballot in favour of a fiscal change, the resolutions this year of the Chambers of Commerce of Manchester, Liverpool, Leeds, and Bradford, -lso all in favour of a change, make it plain I shall return to England a stronger believer in the policy of increased interImperial trade. British bargaining power needs mobilising, and Imperial reciprocity is an important item. How much longer can England, with tariff walls in every direction being yearly heightened against her, p.ermit the pouring in of foreign produce, including foods of a character such as the Empire produces an ample supply of from countries with an infinitely lower standard of living, and which take much less of British manufacture in return, ! including, for instance, butter from Russia, where it is manufactured under conditions of labour contract devastating to all free institutions? "When president of the Federation of British Industries, I made a feature of stressing the need for art in industry. We lost nationally by the neglect of the artistic in the appearance and the marketing of our pro- > ducts. May I be permitted to say the samo of New Zealand? Modern buildings in the United States show what, without much if any extra cost, can be done. The cultivation of the artistic develops many virtues in the national character. In urging the buying of all necessary imports from Great Britain, it may not be inopportune to remind those who may bo inclined to say, 'What do you get from Great Britainl' In addition to the absorptive market for New Zealand produce, I -would add the protection of the British Navy and what is insufficiently realised, the assistance of the Trade Securities Act and the activities of the Empire Marketing Board.''

HIGH COMMISSIONER'S

| REPORT. j ITHJS PRESS Spec!*! Service.J The Department of Agriculture has received the following cablegram, dated oth instant, from the High Commissioner for New Zealand, London: TALLOW. Market quiet on spot and quotation* nominally unchanged. HEMP. Manila maiket firmer on bears coverings. "K." grade December-February shipments solrl up to £24. Sisal slightly easier, with sellers of first (Trade good marks December-February shipments at £22 10s, fair average quality £32. New Zealand market quiet owing to absence of offers. The nominal -value of De-camber-January shipments high-fair is £24, fair £23, common £2l iOs. Small business has been done in rejected at £lB 5a and second-grade tow at £ls. PEAS. The market is weaker owing to cheap speculative offers of Tasmania,n and a fair quantity of poor quality New Zealand pa-r----tridge being; pressed for sale. New crop Tasmanian February-March shipment are now under offer at 695. The value of first grade New Zealand new crop March-April shipment is 50s to 52s 6d. English is obtainable at 325, and old crop at 42s to 445, with fair supplies available. Blues &Te quiet, trade. being confined to Dutch and Japanese. Spot quotations are Japanese 16s, Dutch 183 6d. LINSEED. The following cablegram. dated 2nd irrtant, has been received from Landale and Clark, Ltd., Calcutta, with reference to the linseed market"We quote £ll 7s 6d per ton of 20 cwt immediate shipment. Market dull." PRICE OF PETROL. Motor spirit, as a result of intense competition in Tacoma, Washington (U.5.A.),, is sold at ljd a aallon. This, the N.R..M.A. considers, is probably the lowest price on record.