BRITISH TRADE

Hokitika Guardian, 19 September 1933, Page 5

BRITISH TRADE

IMPROVEMENT 'IN CONDITIONS, WOOL INCREASE ANTICIPATED. (United Press Association—Rv Electric Telegraph—Copyright.’ LONDON. September 18. The average level' of retail prices at September 1, was approximately fortyone per cent, above the level of July, 1914, compared with thirty-nine per cent, a month earlier, and forty-one per cent, a year earlier. Among responses of business leaders to “Sunday' Times” question, “Has the industrial,'tide really, turned ?” Mr Barnby says:, Official returns clearly show an imp-oving trade and 'increasing exports. The manufactures reflect the lower manufacture .costs, owing to a reasonably valued currency. The import duties are now clearly beginning to help the iron .and steel trades as they have already done in wool .and textiles. 'Regarding the latter, the continued increase in exports follows the previous marked decrease in imports. , World values are undoubtedly strengthened by, the advances in wool prices* In the United States, .wool is still reasonably against pre-war values, mea s .ured in terms of gold. Woman’s .fashions still favour wool products, Mr Devoterx reports ; Recent fluctuations in Continental exchanges affected the’ .wool market. There is ia tendency in all .centres to wait to see the result of the opening of the London sales, the prospects of which are .fairly good. An all-round advance of 10 per cent, is anticipated. The Bradford merino tops market, ' : s comparatively quiet. Users are well covered. Crossbred top.s are unchanged and firm. 'The yarn business has-slow-ed down. Crossbred yarns arc firm, with only moderate business.