WELLINGTON NEWS

Hokitika Guardian, 14 May 1925, Page 4

WELLINGTON NEWS

Till''. TRADE KKTURXS. (Special to “Guard)>.n”.} WEf.I-I.VGTi >X. .May 11

Till' trade returns fur the first quarlor of Hi.' year, tlionjrli belated, ill their appearance, arc nevertheless in-terc.-.iiug, Th»‘ value of the exports for 11 10 throe months amounted to £22.828.977. against £20,1)70.708 in the ei.r res ponding term of 1927. an increase of over two millions, ami practically the whole of the increase is derived from wool, for value of the wool exported is returned at £10.909,789 a.s eomi tired with £8.719,907. tin increase of over two millions. The quantity shipped during the first three months of this vear was 019.|:72 lades as compared with hdS.f’dl hales in the corresponding term of la-t year. Thus the wool shipped in .lamiary-Mnreh this year was valued at £Ti 8s per hale, while the qua ill ity -hipped during the first three month* of 1.t.-i year was valued tit iu-t on £i>.j per hale. Tlie:-e who bought and shipped the wool, or tlio.se who con-

signed wool for sale in T.ndon have not tlie remotest chain e ul getting an iiwnye of £S:i 8s per hale, and it is doubtful if they will get as much as e_> | per hide, so that on the first quarter's shipment there will he a loss of well over two millions sterling not till of which "ill fall upon the growers, a- a i-uisiderahle portion of this must i epre-cnt v.otd sold. A fair amount of the r.vu million, h-s. . ill fall upon .-rowers and speculators in X.Z.. and for that reason the figure.-: mu.st he necepleil with considerable reserve. Although values given are the declared values they tire not those realisable, and it is the latter t hat counts. 'I he I,utter shipments during the three months were 181 ..'i79: wt of the value of Siio. 178. 11 c;a*in -1 HAD.7Bi) ewt. valued tit £:!. I Id.dSl. The rliee.se shipments were 7:78.87(k wt. valued at £2.-Id,B If), against 078.0-'l le" 1., vtiltted at .I)< *>. 77,7. The mutton exported was valued at £1.007.721). against £it72.!)!>2. and lutnh .shipments to -02.018,00 1 against £2. 108.702. Tile heel exports were valued tit £177.111(1. against £182,777. 'l'lie imports for ihe three months were valued at £10.120.020. against £11.829,801 in tlit- three months of last year, the increase being CI .200.002. The

number of motor vehicles other than motor bicycles and tricycles imported during the first quarter of the year was 7718 valued tit £1.10.7.811, as 'against *">180 vehicles valued at £908,08i tin increase of over £200.000. As there were ninety days in the first three months of year the number of motor vehicles landed each day. Sunday included. averaged 01. and this, as the Yankees sav is “going some,'' and as tin' average value ol the vehicles was just over 0200, X./,. spent each ol the ninety days in the first three months i f the year £12.200 approximately. There was in addition to this the ee.sl of petnd. also the rubber lire.s. et .. which were valued at £228,078. The value uf the electrical machinery and equipment im] nrted was £1><)!),729. Tea £-28 I ..70!). whiskey C 1 70.071, pianos £00.707. and other musical instruments £OO.IdO. When we cninc to <le.il with the trade with different count lies it is

easy to see why exi linage lias been difficult with some of them, ’lints we exported to Australia during the first three months ol this year goods, to llni value of £.701.771). and imported from the ('oinmon'.vi'idt I) c .oil.-, to the vu!m. uf <_• |. 100.171. SO that on Mai ll old. no were indebted to Au-iraiia to the extent i ! nearly a million sterling. Mur exports to { ana la were valued it £!2n--010 and cur im; -i t - from i hat country were vuth £0! 8.021. a diliVreme of £B7d.On() in f n oiir of Canada. I o the I'nited States cur rxporis w- re valued at. C 1.0 I ! .07 7 and our imports from there totalled £1.772.000. a difife re n " of £108,812 in favour of the States. Our ex ports ! o the I'.K. were valued at £ 15.228.7 Id, w hile our import. from the .Mother Country were £7.27)0.701. a haimne ill our fat our el L' 10.07.7.! 70. and in order to discharge (.in* debts to Australia. Camula and the I'.S. we have had to arrange exchange th re lie h l.endon. The I r:ii!<> figures are sutisi'actei-y, ih,. indy disturbing features being the exiessiic import of luxuries like motor vehiiles, and the pivbability that values of une of our export- ai” exaggerated. W 11,1. WOOL J.MI'IIOY K 1-

There i- mu > I< lll l> t licit tliu b::i kward swing of t lif | >.' n<litl ll in at tliu l.umlun salt's las! week en fried prifeis too far below. loMsequontly I'l'actiuu is inevitalilt'. Now that tiir first shook of tto sensational ilro|) lias passed it is pi>-

sililo to tali" a :-:l hit \ iou of III" sit ualion. All ill" messages received in \'.X. non".' that Iho at to itila in f of buyers was lariTo, and tie may safely eunrltide that ilio buyers were not | resent incri'ly for their health's ake or la make a .s|';.i'i:ieiil:ir display. Til" buyers want tlioir v.o il at a |irioe. am! il is very likely that the j'i'ire is mhiu'tliilij; ahoye the lor, level registered on the i.|■ i■ 11i11■ day of the sale. I'ulililleittal buyers are operating. and it stands to lea-ini that Hnulford eamiot, lllltf.v their ('on t i lien to |eo iiij tot i tors to set-nre inn i niisiderahle quantity of

: heap ivi :>!. liradford ' ill foree the naee and that is one point in favour of an upward movement which. however. eano.it he very pronounced because lino 11■ i■ has all buyers severely handieap- | ed. Tile hope of l In' market lies in the pruhahiiily that sooner or later tie .'.uteri, tuts must Inty wool, b'or the ticsl few w eeks they ran rest on I lie domes! ie clip wliii it runs to about o;o.t);i;l.oti!i:l, e-r perhaps a. little more, lint this is far from suflicicnt to meet the requirements uf the wool textile trade of the eutnitry and almost as min h foreign wool must he imported. It ni"• 11 • ■ ino! from "lienee the wool is obtained so Ion" as it is. taken oil the markf t. The Americans are m t lruuhled in respect to linen- e. and they can pay tor all the wool they want. When the Americans come into the market there will he a rise in values, hut when will they come in’