TRADE WITH AMERICA.

New Zealand Herald, Volume LXIV, Issue 19550, 1 February 1927, Page 9

TRADE WITH AMERICA.

POSITION OF NEW ZEALAND. ROOM FOR DEVELOPMENT. VALUE OF A COMMISSIONER. The opinion that New Zealand's export trade to the United States could be largely increased by greater understanding between the two countries was expressed yesterday by Mr. E. G. Pauly, United States trade commissioner for Australia and New Zealand, who was a through passenger to Sydney by the Niagara. Mr. Pauly agreed that New Zealand could not continue to buy indiscriminately from the United States, and, as the Minister of Lands hud stated. " not send her a halfpenny stamp in return." The erection of tariS walls would not assist, for he had proved that American articles sold almost as freely when placed under heavy duties. The American manufacturer was determined to find a market for his goods, and he was able to climb tariff walls with them if the consumer in any country showed that he wanted to buy. The " ißuy British Goods " slogan was all right as far as it went, said Mr. Pauly, but there was always the question whether commercial isolation was economically sound, and he ventured to say it was not. Since he, had taken up office in Melbourne three years ago the volume of trade between Australia and the United States had shown a considerable increase. It had been impossible to devote much attention to New Zealand, but it was probable that a trade commissioner would be, appointed to the Dominion in the near future, and it was likely he would bo stationed at Auckland. The time was now ripe for the appointment of a New Zealand trade commissioner to the United States, Mr. Pauly said, as there was no reason why the Dominion's huge sdverse balance should not be reduced. The United States at present produced vast supplies of primary products, but he thought that in years to come she would look more and more to Australia and New Zealand for these necessities. Even at present there was a large seasonal market to be catered for, and a New Zealand commissioner would be invaluable in promoting trade. SOUTH -AUSTRALIAN LOAN. ISSUE OF THE PROSPECTUS* (Received Jan. 31, 6.25 p.m.) A. and N.Z. LONDON, Jan. 31. The prospectus of the new South Australian loan of £2,500,000 has been published. The newspapers commend the issue of an inset giving official statistics of the State's finances. _ The Daily Express says a good reception fori the loan is assured. SYDNEY .WOOL SALES. ALL ROUND RISE IN PRICES. (Received Jan. 81, 10.55 D.m.) A. and N.Z. SYDNEY, Jan. 31. At the Sydney wool sales to-day a strong market ruled with good support from all sections. Prices, compared with the closing rates of the last series, showed an advance of fully 5 per cent, for best descriptions, and 5 to 7£ per cent, for ordinary sorts. Lambs' wool was in special request and comebacks and crossbreds ruled very firm. Merino sold to 30jjd. THE MEAT MARKET. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office dated January 28, advising Smithfield delivered prices at that 'date as follow; — New Zealand Wethers and Maidens.— Canterbury quality: Selected brands (old season), 561b and under, 6 5-8 d; 571b. to 641b., 6 3-Bdj 651b. to 721b., 6 l-Bd. Other brands (new season), 561b. and under, 6|d; 571b. to 641b., 6Jsd; 651b. to 721b., 6id. New Zealand Ewes (old season). —641b. and under, 4 l-Bd. New Zealand Lambs.—Canterbury quality (old season).—36lb. and under, lOd; 371b. to 421b., B£d; 431b. to 501b., 7 3-8 d :; 7d. Other brands: First quality- (new season): 421b. and under, 10id; seconds, 9^d. New Zealand Beef.—Ox fores, 3|d; ox hinds, 4d. Argentine Chilled Beef.—Ox fores, 3 l-8d; hinds, 4£d. Argentine Frozen Beef.—Ox fores, 3^d; binds, 4d. Frozen Pork—BGlb. to 1201b., 8a; 1201b. to 1801b., 7id. PRICES OF STOCK FOR EXPORT. The Meat Producers' Board advises that the following prices were being offered for fat stock for export on January 23: Hawke's Bay.—Prime woolly lambs: 361b. and under, Sid per lb.; 371b. to 421b., 7ijd; 431b. and over, 7d. Second quality lambs - 7Ad. Wellington.—Prime woolly lambs: 361b. and under, B|d; 371b. to 421b., 7J,d; 431b. and over. 7d. Second quality lambs: Prime wethers: 561b. and under, 5Ad; 571b. to 641b., 4gd; 651b. to 721b., 4{d. Ewes: 561b. and under, 3j;d; 571b. to 641b., 3d. Canterbury and North Otago.—Prime woolly lambs: 361b. aDd under, 8?d; 371b. to 421b., 8d; 431b. and over, 7d. Second quality lambs: 7jd- Prime wethers: 561b., and under, sjd; 571b. to 641b., sd; 651b. to 721b., 4£d. Ewes: 481b. and under, 3jd; 491b. to 641b., 3|d. POTATOES AND ONIONS. PRICES AT PUKEKOHE. [BT TELEGRAPH,—OWN CORRESPONDENT. ] PUKEKOHE. Monday. The market for potatoes and onions is rather depressed. Good supplies are available, but inquiry is weak. Potatoes ara quoted at 5s 6d to 6s per cwt. f.c.r. Pnkekohe, and onions at 6s to 6s fid. So far, mil attempts to book export business in onions with Vancouver appear to have failed, but Canadian purchases of Australian onions are reported at .£5 10s per ton f.o.b. Sydney. Advices to hand j also state that Canterbury is offering ! onions at present at £5 10s per ton f.0.b., I and has secared some' business with Atsck- | land for March, April snd May at £5 16s | per ton f.o.b. This price is stated to be I equal to £7 8s 6d per ton landed in Aocki Sand. SOUTHERN EXCHANGES. [BY TEIEORAEH. —KRESS is&QCUXJOSr.J CnRISTCHUB.cn. Monday. I The following sales werei made on the j Stock Exchange to-day;— Australian Bank lof ComasfflTCß .(rights), 4* 6d (two |»*rr j eels)*; Wilsons Cement, 35s Bd, 35$ 7d; t Burns, Phiip, 40? 6d; Electro Zi.Bc.ipref., ! ewit.. <i:-- , 35s 56 fth.ee parcels}; New i Zealand Drug, 70s? Niw Zealand Guar- | aates • Corporation, 10s 4d..