WOOL AND BUTTER.

Press, Volume LXVI, Issue 20107, 10 December 1930, Page 12

WOOL AND BUTTER.

THE EASTERN MARKET. great possibilities. [THE PRESS Special Service.] AUCKLAND, December 9. The Consul-General for Japan in Australia and New Zealand, Mr Kojiro Inoue, whose headquarters are in Sydney, arrived by the Ulimaroa. He is proceeding to Wellington to pay his respects to tho Government. Mr Inoue, who receivc<l his appointment a year ago, said that he had been unable to visit the Dominion earlier owing to pressure of business in the Commonwealth. He hoped his present visit would do something to stimulate trade activities between New Zealand nnd Japan and cement still further the existing bonds of friendship between the two countries. . ''New Zealand should be interested in the rapiditv with which our standards of living are changing in .Japan," said Mr Inoue. "There is an increasing demand, for instance, for European clothes, and that means the importation of increasing quantities of New Zealand wool. Already per cent, of our imports from New Zea:and consist of wool. Our people are regularly adopting European clothes t" 1 " their work, although I know that when they go back to their homes in the evening they usually change into ihe kimona. Everything, however, is tending to an increasingly large consumption of wool. You must a ' so ,J"®~ member the Chinese market. Ihe Chinese people have certainly not used much wool so far, but the climate, which in parts is very cold in winter, lends itself to a fashion in European clothes, and the habits of the people are bound to change bit by bit.'' Speaking of Japan's importations or New Zealand butter, Mr Inoue said that statistics showed that after the signing of the trade agreement between the Dominion and Japan, two years ago, butter imports had trebled. New Zealand had received the benefit of a reduction in the import duty. "There is a great •potential market for New Zealand butter in Japan," he said. "It all depends on how tastes change in the country districts, which have not become Europeanised to the same extent as the cities and towns. Once the rural centres go the way of the cities there will be a wonderful market for your butter." Referring to Japan's exports, Mr Inoue said that GO per cent, of the exports to New Zealand consisted ot silk, and he was pleased to know that that textile was being more used for articles of attire in the Dominion than ever before. Other useful exports that New_ Zealand accepted were cotton textiles, timber, porcelain, and fancy goods. "It all amounts to this,'' he added, "that our two countries are exchanging wool and silk. All and both are tied very tightly to these two of trade." Mr Inoue proposes to visit Christchnrch and Dunedin on the conclusion of his "Wellington mission, and will revisit Auckland before returning to Sydney. FRIDAY'S WOOL SALE. CATALOGUE OP 17,396 BALES. The catalogue for the wool sale at Chri-stchurcJi on Friday totals 17,396 bales. The allocation for the sale was i' 2,000 bales. At the first wool sale on November 30th last rear the offering was 15,199 bales. THE LONDON MARKET. (CtfITED PRESS ASSOCIATION—BT ELECTRIC TELEGBATH—COPTBIOHT.) LONDON, December 8. At the wool sales 9432 bales were offered, including 1410 from New Zealand, and about 8096 were sold. There was a good offering of greasy merino clip wools, scoureds, mostly medium faulties, and a limited supply of crossbreds. It was a strong market at late New Zealand Te Hora, 7d top price, 6Jd average. ■ i COMMONWEALTH LOAN, j i APPEAL TO RETAILERS. | fCKITTO PRKSS ASSOCIATION—BT ELECTRIC TELEGRAPH —COPYRIGHT.) 1 SYDNEY, December 9. "Up. to Saturday 17,500 applications, amounting to £11,157,000 were made for the Conimonwealth loan. Leading business men and citizens, .at a meeting with the Lord Mayor (Mr E. S. Marks), decided to appeal to retailers, manufacturers, and traders to invest next Friday's turnover in the loan. TARANAKI OIL FIELDS. (rRK.SB ASSOCIATION TBLEGBAH ) GISBORNE, December 9. The Taranaki Oil Fields Company has started drilling at its new location. At the Waitangi No. 1 well the water supply installation has been completed, and the oil well drilled to 47 feet and cemented with 22in stove pipe casing at that depth in sandy shale. All the equipment is running satisfactorily. ALEXANDER MINES. (sriCIAL TO THE FBKSS.) IiEEFTON, December 9. The report of Alexander Mines, Ltd., for November, 1930, is as follows: Battery—23o tons crushed for a yield of 106oz 19dwts melted gold. Cyanide—loß tons of sands cvanided f0r,650z 4dwt's of bullion. The total estimated value is £620. AULSEBROOK AND CO., LTD. Aulsebrook and Co., Ltd., have bought a. building in Moray place north, Dunedin, and will shortly convert it into one of the firm's branch houses. The negotiations were practically concluded last week. "DAILY EXPRESS" SHARE ISSUE (VHITKB 2RZSB ASSOCIATION —BY ELECTRIC TELEGRAPH— COPVBIOHT.) LONDON, December 8. The first public offer of shares in the "Daily Express," 100,000 £1 ordinaries,' issued at £2, was heavily oversubscribed. DAIRY PRODUCE. Company, X>td„ have received th» following cablegram from Samuel Pago Jind Son, dated London, December 9th:— Butter and Cheese—Prices are 2s per ewl