BRITAIN’S TRADE
IMPROVEMENT IN MARCH UNEMPLOYMENT DECREASES (British Official Wireless \ Reed. 11.50 a.m. RUGBY, Tuesday British overseas trade during \t. . showed for the first time since coal stoppage a decided revival C imports and exports made big vances compared with February tv' exports amounted to £62 000 m being an increase of £9.000.000 ’ajJ imports amounted to £113,500 no,? showing an increase of £ 12,500 Wo The exports were the highest re. corded since March of last year The latest weekly return show, decrease of T. 529 in the number of unemployed, the total figure bein. 1.073,800. This is only 24,014 more than a year ago, and thus shows that the effect of the industrial strurrie of last year is nearly wiped out in respect of unemployment.—A. anrt N.Z. 5 LONDON STOCK EXCHANGE EFFECT OF BUDGET By Cable.—Press Association. — Copi/rigi* LONDON, Tuesday. On the London Stock Exchange the effect of the Budget and especially of the proposed increase in Sinking FuiS payments was seen in a general ad. vance of prices. This was especially marked in gilt edged stocks and also in Home Rail! and industrial shares.—A. and N.Z ’ AMERICA’S GOLD SURPLUS SUPPLY MAINTAINED By Cable.—Press Association.—Copyright W ASHING TON, Tuesday. The Federal Reserve Board announces that in spite oi incre&sii* purchases of foreign merchandise and investments abroad in the year 1925-26. the United States lost only £1,800,000 worth of its gold supply. The board estimates America’s gold surplus at £816,000,000, compared with £1,020,000,000 held by the 39 other principal countries. The maintenance of the gold supply is believed to be due to the progressive increase in American investors’ incomes from their holdings abroad. It is estimated that Americans will receive more than £160.000,000 in 1927 from foreign investments. American-held securities of foreign Governments total £2,560,000.000, and foreign private ventures, £600,000,000. American capital exports in 1926 were estimated at £260,000,000 —A and N.Z,
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Sun (Auckland), Volume 1, Issue 20, 14 April 1927, Page 2
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312BRITAIN’S TRADE Sun (Auckland), Volume 1, Issue 20, 14 April 1927, Page 2
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