TRADE CONDITIONS AT HOME.

Press, Volume LVIII, Issue 17607, 9 November 1922, Page 10

TRADE CONDITIONS AT HOME.

A NEW ZEALANDEK'S IMPRESSIONS. Some interesting points regarding trade conditions at Home were mentioned to an Auckland "Star" representative by Mr A. C. Gillies, a member of the executive of the British Manufacturers' Association at Wellington, who has returned to the Dominion after a business visit to the olcl Country, bndertaken chiefly for the purpose of interviewing a number of the leading manufacturers and for getting up-to-date information in respect of trade conditions at Home. The British manufacturer, said Mr Gillies, has undoubtedly been through a very serious time, and has not yet recovered, but there .are very definite indications of trade revival. Even during the two and a-half months which he spent in England, many works whicn had only been working two "and three days a week, were steadily extending their time, this being brought about almost entirely by the influx of orders from overseas, it was very interesting to note that several very large contracts had been secured by British manufacturers in Europe, against German and American competition, one contract amounting to no less a figure than £30,000,000. There is a pleasant feature, Mr Gillies observed, in the marked change of attitude of British manufacturers towards adopting progressive measures to further their interests, particularly for the colonial trade. Despite the huge burden Britain has shouldered, _ that calm and confident spirit prevails in trade to-day as it did during the war. New Zealanders, he added, can rest asBured Britain will ultimately come out as strong as ever, and with as clean a business reputation as she has always borne, and that in the near future. Speaking generally, Mr< Gillies said he was forcibly impressed with the fact that Britain always does best when forced to do so by the aggression of others, and he considered that, while huge combinations of manufacturers had served a useful purpose during the war, the time had arrived when the individual manufacturer should have a free hand to cope with the trade for . which he can best_cater. In regard to prices, Mr Gilues expressed the view that these are ■ not i likely to fall much t the cost of living being such that prices must stand for some time, while the ultimate fall will | only be gradual. He urged upon New Zealand merchants and the public, not to forget our obligations to the Mother ' Country-, pointing out that while we might sometimes. feel the strain of our own taxation, it was small compared to that under which the British public are labouring, and every penny spent on British goods would help, not only to relieve that burden, but also _to stabilise prices and put us back; in the pre-eminent position we occupied be- ! fore 1914. i MESSRS H. MATSON AND OO.'S BULL SALE. Up to y the present 120 . bulls have been entered for. Tattersall s bull which will takei place at 9 a.m. on Saturday at Tattersall's ealeyards. The entry comprises 80 Shorthorn bulls, and a large number of, Eriesians, Red Polled, . Jerseys and Guernseys. The auctioneers ar© Messrs'." H. Matson and Co. ' •. BT7BNSIDE MASKET. (PBm ASSOCIATION TBU»BAM.) DTJNEDMT, November 8. Higher pricw were realised fof both sheep and pigs at the Burnaido. sales to-day, but f%t cattle declined in value from 20s to 30» . per head. ' ~ . . Fat Cattle—3B6'fwere" yarded. The supply *has much in excess of requirements and competition was slack owing' to butchers having stocks left over from previous sales. Prices at the oommenoement were fully a® • head below last: week's , rate*, there vas a farther. reduction, of : 10s ..before tne doe*- of the sale. Prices: realised for 1 prime beef were"-oh the 'basis .of . about 80s per. 1001b for handy weights, and from , 27»: to 29s for heavy'*-weighte.. Medium, quality ox beef was worth from 25s 6d to 26s 6d, prime heifer beef 18s to 20s, and cow • P6ot 16s to 18s. Prime' bullooks realised from £l2 10s to iH Bs, medium-£lO. 10s to i'U 10s, and light and inferior sorts £7 10s i to £8 10s. Prime cows 'and. heifers realised from £&10g to £7 10a, medinnl £6 to and light aged fron) £4 - to £4 10s. Fat Sheep—lolß were penned. The ; entry ma a smaU one, and; u a result of keen ' competition.a buoyant-sale resulted.. At ..the commencement values were fully 6e to 6s ' higher than last week's rates, and hardened M the sale prbgTessed hntil the last two sales when an easing tendency set in. Th« , closing toles disolosed that prices were about 4b vet head in . advance of late' rates.The , quuity wss about up .to -the average, although, there, was a fair, sprinkling of,, inferior spires.; Prime heavy-weight wethers in the wool,were worth up to 6d' per lb, shdrn to Sdj ljjuDdy weight woolly .wethers 'Cftd'to i 6}d,' prime ewes in the wool 4Jd to BJd, . ana aged and inferior- 4d 'to 4|d. Extra prime heavy-weight woolly wethers : realised to 84s and light and sorts 27s : to 28s. shorn withers sofld up to ' 84s. Prime .woolly ewes realised 'from, 88s ' to 86s, medium 23s to 275, and light and aged from 16s to 17s. Spring: Lambs—B9 head, of . good quality were yarcbd. Prime'lamb was worth 8d to 10d' per lb, and medium quality 7Jd to Bd. ; Extra, prime humbs realised up to 86s, prime 28s. .to 82s, and medium 23s to 255. Store Cattler-A fairly large yarding was offered. The quality waa of a mixed description, there being only two pens of - , good forward bullocks entered. I*h«se were sold at - prices ranging from £6 10b to £7 6s per head. Young and backward cattle were.almost unsaleable.: PigS—A. full yarding was offered, ( all classes heing represented. There was a keen demand for all prime, sorts,. best 'baconerß realised from sid to > 6}d .and beist porkers from ' 7d to 7Jd per Jb, and' in odd oaaee Bd. . SHAKES., . . |By Cable —Press Association—Copyright.) (Australian and N.Z.' .Cable' Association.; ■ •' . (Beceived November Bth", 6.50 p.m.) ; LONDON, November 7. Banks—-Australasia ,£l3 2s 6d, New' South > Wales £34 2s 6d, Union of Australill £l3 lis ,Bd, Ne# Zealand! £9O 10s and 555; N.Z. Loan and Mercantile Agency Co.i oidinary £77 10s. SHEEPSKIN SALE. At the. fortnightly sale of sheepskins at , Ihmedin Tuesday large, catalogues were offered to a full bench of buyers. Bidding was animated, and- prices / generally showed increases Von :late' r rat&, Especially for crossbred, ifine; crossbred,.' and half bred.' Bead and seedy equally jwell. The following is the> range of, prices, Merino,three-quarter to full-wool, :12j!l to ; 131d; merino half-wool, 8d to 114 d;. hallbred.* three-qnarter to full-wool, HJd'to 13i41 : hallbred halfbred/qTlarter-Wool; fine threequarter to. SJdi to'rUid; half-woo], 6|d to 7id ; crossbred three-quarter to full-wool,- &jjd to B|d; crossbred half-wool, Sid to 6d- crossbred quarter-wool, 8d to 4id; lambs, &Jd to 7Jdj. hoggets, 58d to Bd. L3BYLAND O'BBEBN-TIMBEB GOT. (PBESS ASSOCIATION TELEGRAM.) AUCKLAND, November 8. Tlhe directors of the Leyland O'Brien Timber Company propose to distribute among share* holders tonus, pro rata, .'IO,OOO unallotted shares, and pay a dividend of 10 per cent., free of. tax, 5. per cent, of which was paid hurt ApriL '