Ward reporting an increased dearth of second-hand cars, and is forecasting a firming up of new car demand. The Service states that "should it continue until the 1939 models are received dealers will experience a new car shortage such as the industry has not experienced in years" Steel was featured in business news. Pittsburgh announced another upturn. The Brown Shoe Company has increased its output Carloadings are the biggest since December. Retail and Wholesale indices show a substantial improvement In Britain London, July 22.
Movements of gold in the United Kingdom during the week ended July 20 resulted in a surplus of imports over exports by £340,000, compared with net imports of £1,576,000 for the previous week, Imports during the period under review amounted to £3,010,000 and included shipments from the following principal sources: Belgium £590. 000; Canada £244,000; Britsih Africa £1,507,000; British India £366,000; the Netherlands £64,000 and Mexico £175,000, The previous week's imports totalled £4,103,000, including £2.375,000 from Belgium, £34,000 from Canada, £1,- 486,000 from British Africa, £101,000 from British India, £38,000 from the Netherlands and £35,000 from Switzerland.
Exports during the period under review amounted to £2,670,000, and included shipments to the following countries: the Netherlands £395,000, France £330,000, Switzerland £1,- 139,000, Finland £23,000 and Sweden 2 770.000.
The previous week's exports totalled £2,527,000 including £172,000 to the Netherlands, £269,000 to France, £858,000 to Switzerland, £23,000 to Finland, £1,101,000 to the United States and £85,000 to Belgium.
Text read from the printed page and cleaned; old type leaves the occasional error.