Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-22
GERMANY TRADE
BALANCE IMPROVES
Commerce Department Ad-
vised OF Gain in Exports
Over Imports.

The Commerce Department today
ance in Germany and a larger import
surplus in Great Britain for the month
Of September.
Commercial Attache O.. Lawrence
Groves at Berlin, cabled the depart
ment that further decline in imports
and an increase in exports brought
Germany a record favorable trade
balance.
A larger unfavorable trade balance
in September than in August was
shown in a cabled report to the depart
ment from Commercial Attache Will
I liam Cooper, at London. There were
increases, however, in both exports and
imports.
According to Cooper, the totals rep
resented advances of 4.6 per cent in
imports and "a per cent in exports,
and a decline of 2.3 per cent In re-
exports, as compared with figures for
August.
Figures Given.
The cables to the department gave
the following figures for the two
months:
German imports, September, 44s,-
100000 marks; exports, 835 ZOO 600
marks, including reparation deliveries
in kind of 100000 marks; August,
asa 100000, 776,00o,000, and 100000
marks, respectively.
The gain in exports was based upon
increases in sales of iron and steel
products, amounting to 100000
marks, textiles. 10000 600 marks, and
in toys, paper, shoe and leather produc-
ton.
United Kingdom imports, septem-
Der, 68,3o0,000 pounds; exports, 2s.-
100000 pounds, and re-exports at
100000 pounds.
Reports continue to mount UP at the
Commerce Department of business in
imported products being materially
affected by the exchange situation
The Department was advised today
that the Belgian weaving industry has
been affected seriously by the depre-
citation of the pound sterling, foreign
sales generally being invoiced in ster-
ling payable three months from date
Owing to fewer foreign engagements,
spinning mills suffered less. Fluctua-
tionS Of raw material prices also have
hampered transactions in the cotton
industry, according to Commercial At
tache r. c. Miller, at Brussels.
Business in the linen industry ac-
cording to Miller. is extremely dull with
the situation further aggravated by
and South American markets is slight
despite manufacturers offers at new
low prices. The fax market is inactive.
as the new crop has. not come on the
market as yet, Miller said.
Meantime, in order to protect Japan's
gold reserve and to maintain a sound
financial condition, the Yokohama
business is now selling dollars for de-
livery only to the end Of the present
year, according to a cable received by
the Department from Assistant Com
mercial Attache William Dowd, at
Toxic.
Sales Limited.
Dowd added that the bank is limit
ing sales to December 81 trade re-
quirements. All the foreign exchange
banks are cooperating in this policy,
which is intended to curtail the out
ward movement of investment capital,
as also speculation, and limits exchange
operations largely to the financing Of
trade requirements. The announce
ment has been taken as an indication
OF the Governments determination to
maintain the gold standard
Trade Commissioner Julian B. Fos-
ter at Wellington also cabled the de-
partment today that a customs ruling
OF the New Zealand Government appli-
cable to all shipments exported on and
after September 20 provides that for
all products invoiced in any currency
other than British currency the value
OF such goods in New Zealand for the
purpose OF assessment of ad yalorern
import duties will be ascertained ac-
cording to the banking rate of exchange
In force on the date of expectation of
the goods from the country of export,
instead Of the date of clearance
through the New Zealand customs, as
heretofore.