New York, Mar, 27,
EH in ities on the New' York Stock rose one to two points of Wall Street's opti-imports $2,318,081,000, and the export retation of the Yugoslav-excess was $859,005,000, eat, Trading was active issues. Government Substantial Gains toward settlement of domestic Strikes also improved the Since shipments of materials and instruments of defence to the United Meanwhile, experts regarded re-Kingdom and other British Empire cent sessions as unimpressive and countries showed substantial gains, warned against extension of commit-the Commerce t said in ments, They noted heavy liquidation announcing the figures, the effect on and low prices of utilities with what-the foreign trade total of the practical ever strength was manifested being elimination of German-controlled centered around rails while the Europe as a market was less marked 2 remainder of the list was apathethan might have been expected. These gains in the value.of ship-pum 8 The New York Trust publication ments to the British Empire, together redid with increased trade with Latin America, largely accounted for the higher total of foreign trade in 1940, The gains, however, were concentrated in manufacturing industries, and agricultural exports during the final months of 1940 were at the cent. level, as other considerations lowest level since 1969, were treated as secondary to favour-Six vital defence commodities—steel, other metals, aircraft, metal working machinery, firearms and certain chemicals—trebled their export -|value during the first 16 months of domestic the war, On an annual basis, ship-moves towards settlement of strikes, ments of these commodities advanced British liquidation continues, but is being well absorbed, Sperry Cor-34 roe $706,000,000 in 1939 to $1,492,- poration net earnings totalled $3.90 000,000 in 1940, Shipment of agricul-per share, against $2.71 last year. tural products, once the mainstay of the export business, amounted last Stucks:—Despite indications that the year only to $517,000,000. steel strikes are likely to be curbed. we Besides the most vital defence products, other types of manufactured and semi-manufactured goods gained sugar about 11 per cent, although some 3S|items including passenger automo-or biles, declined, Demand for Raw Goods War Cabinet without portfolio dominating the whole,
Text read from the printed page and cleaned; old type leaves the occasional error.