TIMBER TRADE.

Grey River Argus, 3 May 1922, Page 6

TIMBER TRADE.

BALTIC PINE. DUNEDIN, May 2. There have been, no importations to New Zealand of Baltic timber bince the war. Advices have been received in Dunedin that Russia, and Finland have large stocks, and these have been thrown on the London market, with the result that prices in Englend receded about 30 per cent. 'I he Baltic ports were, at last advices, closed on account of ice. To coni jam sate for that blocking, the manufacturing from timber was being carried on in both Russia, and Finland, and as soon as the ports are blessed with open water, these goods wi'H be shipped to British and other ports, and probably cause a further reduction, which will further bring down the price of this much-prized timber. Like several other industries, the hardwood trade in Western Australia is suffering from vicissitudes of the times. The State is affected in -its export trade of jarrah largely in the British. Indian and South African markets'. Advices from. London are that the timber trade in Great Britain is in. a particularly depressed state, and landing an improvement in the position the outlet for Western Australia is restricted.