Page 18 Advertisements Column 1

Press, Volume LXVI, Issue 20010, 19 August 1930, Page 18

AUCTIONS. H. MATSON AND CO. '.NECESSITY FOR INCREASED EXPORTS." THE "Morning Post," London, in expressing the view that it is not so much by a reduction of imports as by an increase in exports that Australia can hope to get back to normal prosperity, has shown a shrewd appreciation of the position—a far shrewder uppreciation than that exhibited in sumo quarters on this side of the water. And the bedrock of increased exports is reduced cost of production, so that Australian products may successfully compete in the open market with the goods of other countries. The wages problem is a prime factor in the cost of production, though not the only factor. The labourer is worthy of his hire, and it is a Kood thing that the wage-earning class should get as high a share as is economically possible ef the productive wealth of the country. But the economic factor cannot be ignored. There is something in the criticism of the < ity editor of the "Morning Post" that the decline in the price of wool and wheat (two •,-reat Australian exports) had oxposed the fallacy of tho Australian policy of fixation of wages according to the cost of living. When it comes to primary products the cost of wages ennuot be "passed on" to the community, because the vulue of tho product is determined by the market price of it in accordance with the doctrine of supply and demand. Tho problem that Australia has to face at present is to sell sufficient produce abroad to balance the value of her imports, plus the amount that has to be paid in interest and sinking fund on money borrowed abroad. Surplus cold to the value of £27,000,000 has already Kone out of the country to help to adjust the adverse trade balance —the difference between our exports and our imports—and that sort of thing cannot go on without ending in Knancia) disaster. Our greatest export product is wool, and to put wool on the London market st a price that will be of any use to Australia the cost of production here must bo such os will permit of a reasonable profit io the grower. This is the problem in a nutshell: Australia must get back to prosperity by increased export of her products, and that increased export is possible only by such economic methods of production as will successfully meet the present position of the world's markets. When ordering Station requisites tho FIRM that merits your consideration should be H> MATSON and CO. They are farmers' commission agents, and are over willing to furnish information and assist the man on tho land in respect to all enquiries. Be sure and entrust a portion of„your trade to them. H. MATSON and CO. WOOL STABILISATION SCHEMES. Tho Teceut lower prices for wool have brought about the question of how to obtain better prices. There are many growers who are of the opinion that some scheme of stabilisation might be inaugurated and form a means by which wool values might be substantially increased. The experience of Great Britain in connexion with her attempt to pool rubber, and the U.S.A. and Canada to do the same with wheat, has cleearly demonstrated how dangerous it is to try to interfere with the world's values in connexion with products of »ueh large proportions as rubber, wheat, and wool. The Chairman of the Federation Farm Board of the U.S.A. in a recent public statement practically admits that there iB little or no prospect of getting rid of the Farm Board's holdings of wheat before the new harvest arrives, and that he cannot see how they can permanently hope to compete in export markets with these commodities. Now, would it be wise .to organise a similar scheme in New Zealand or Australia in respect to wool J Just imagine the directors of a Wool Stabilisation Board, after 12 or 18 months' trial, having to tell the woolgrowers that unless the growers can curtail the production e£ wool they cannot hold that which they have already accumulated without very serious loss, to those affected by the scheme. Yet this is actually what is taking place in America. No doubt there would be numerous vendors disappointed, especially those vho so arduously advocated some particular •/stem of price fixation. Undoubtedly at the present time we are up against abnormal conditions, and our duty is to keep producing and selling and taking the world's prices, as without the money in hand many individuals cannot carry on. By taking the world's prices purchasers will exploit every possible channel to And outlets for their purchases, and thereby create a demand for their produets. To iiuagine thai through the medium of pools you can force the old world's markets through the'; nozzle of a hose, turning it off and on to .suit the demands and the supply, in our opinion is impossible. The best way to get a recovery of the market is to allow tho Old World's merchants to be the holder* of tho commodity, and the onus will then be on them to find markets and find outlets. At tho present tlmo in New Zealand many of the primary producers have become imbued with grouping and pooling, and it is like an epidemic^—the sooner it reaches an acute stage the sooner it will start to right itself. Tho rationalising of all sorts of industries, tho amalgamation of huge concerns, the srovpiag and pooling of commodities, are ail freak schemes that can only result in failure. To-day is a day of individual effort, and the nan who is,prepared to hand away his birth-right in the shape of control of hla commodities or his assets is very foolish indeed, as personal and direct effort both in fading buyers and realising from day to day seems to the writer to be the keystone of eolldity. The writer, cannot help thinking that the man on the land to-day is selling his birthright to analytically-minded individnals to whom he is either giving or has bMB farced to give the eontrol of his 'commoditia* to. ,In other words a third party i* toft to gamble with the realisation of your products. Supply and demand is undoubtedly the ruler of the world's markets, and la place of forwarding your Commodities to a market many thousand miles away whert yon have no control over it. the thing to do is to encourage the buyrtr to your shares and deal with him direct. The greatest asset yon have in -Canterbury is the support of your own local markets. Keep your ova home fires bnrning. For many years throughout New Zealand, especially Canterbury, tho realisation at its markets was the tnif of al] visitors, but since the' war the volume of competition at these centres has been very largely curtailed, and we confidently say to the farmer and the man on th» land: "Support your local markets, and Mag the Old World's traders 'to your ehorw." If you do not, the writer feels «Uf* that the agricultural and paßtoral community. will. live to regret it. H. MATSON and CO. SHEEP SKINS, HIDES, CALF SKINS, TALLOW, -AND FAT. For the .above, H. JIATSON and CO. hold a sale every Thursday. An expert is, employed in this section and best market priceß obtained. Consign H. MATSON and CO., Christchurcb. THE IMMORTAL WOOLMEN. Ruin to right of them, Baia to left of them. Collectors behind them, Demanding their hundreds. Banks right in front of them. Hanks' right' mixed up with them, Biaks buildiag out of them. They haven't blundered. Charging their 5 per cent., Charging with heads well bent. Making a ghastly dent. In balance-sheets tendered; Manager* fore and aft. Allowing no. overdraft, Crying out—while they laughed—"Well you're befriended." Stripped of their millionaires, Stripped of their super-tares, « Left with their bad nightmares Of lowering prices. • Wool stocks that would not sell At prices so low they fell Hear to the depths of hell. Bringing the crisis. Nowt from the U.S.A., Nowt from West Riding way, The Continent cannot pay, Their bills are "unsighted." Tattered and torn they stand. Battered? but hand in hand, Italy a gallant band Of fellows -unknighted. Once they went on the spree, Anywhere near the sea (Thanks to the E.P.D. (Excess Profit Dividend) They could just go). Nowadays you'll agree —Dot to the I-C.T. They never see the sea They only K. 8.0. (keep bothering on) Though they pick up no moss. They, do not care a toss, Keep' selling at a loss, Noblesse oblige. Ruin to the Tight of them. Bain to the left of them, Buln'a not quite got at 'em, Keep up the sieee. —R.P. [Reprint frujn Yorkshire "Observer."] "LIXIT." This wonderful commodity has been tested and tried, and no farm is complete without it. It is good for horses, sheep, cattle, pigs, even dogs. 1W avo'd disease, prevention is the JT. " H. kATSPN and CO. provide it per' Lixit. H. MATSON and CO., ■ Christchurcb. M 7302