BUYERS FOR DOMINION.

Taranaki Daily News, 28 December 1921, Page 5

BUYERS FOR DOMINION.

ACTIVITY IN ENGLAND. MARKED IMPROVEMENT SHOWN. London, Nov. 9. Exporters to New Zealand have a more pleasant story than usual to tell this week. It is very many months since buyers on this side have really had much interest in their work, but now that prices seem in many cases to have touched bedrock the demand of New Zealand buyers has come. It has come with a rush, too. In March of 1920, for instance, sheet iron cost £63 17s 6d per ton landed in the Dominion. Orders at this price were naturally few and far between. Houses were not built. Fencing wire and barbed wire were also beyond the power of the New Zealander’s purse. New fences, therefore, were not put up. The price to-day of galvanised sheets is £29 10s per ton c.i.f. main New Zealand ports. Plain fencing wire is £22, and barbed wire £29 10s per ton c.i.f. New Zealand. The pre-war price of plain wire was in the region of £lB. People in New Zealand have come to the conclusion that prices have at. last touched bottom, and the demand is very great, orders having been received for December and January shipment. Large shipments are leaving Liverpool. This is merely one instance; there are others, and naturally shipping . companies will be pleased to get some relief, for their outward cargoes during the past twelve months have been very disappointing, a fact which militated against any lowering of homeward freights.