The merino trade was in a fairly comfortable position, but crossbreds 
lacked the usual German demand and prices sagged under restricted 
demand. During the past three months trade has suffered from a number 
of adverse and exceptional factors—the general strike and coal stoppage 
in England, and the currency crisis on the Continent. The fact that 
prices are now firm testifies to the underlying soundness of the general 
position. 
The following tables summarise the Trade Returns relating to semi- 
manufactures and manufactures of the principal countries concerned :— 
IMPORTS AND EXPORTS OF TOPS. 
(MirrioN LBs.) 
[MPORTS. EXPORTS. 
Jan. to June. LI France. Germany. U.K. France. Germany. 
L050 ao 1-28 7-94 15-38 15-51 5-24 
1920: en. I-18 1-79 8-59 16-51 22-50 6: 20 
IMPORTS AND EXPORTS OF YARN. 
IMPORTS. EXPORTS. 
1K. France. Germany. LK. France. Germany:- 
Woollen. | Worsted. 
1925 ve 1:61 1-96 22-64 2-98 19-84 14-50 6-07 
1926 «c-B0: 31 1-29 13-31 2-33 13-15 17:50 10-49 
EXPORTS OF TISSUES. 
Jan. to [ FRANCE. GERMANY. 
June. - — 
Woollens. ~~ Worsteds. Cloths. Pure Stuffs. MixedStuffs. Tissues. 
1925 ... 66-52 25-89 3:79 17-36 2-85 10-30 
1926 ... 51.93 22.23 3.70 19-10 2.85 13:10 
TK 
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