CANADIAN FOREIGN TRADE.

New Zealand Herald, Volume LXV, Issue 19962, 2 June 1928, Page 9

CANADIAN FOREIGN TRADE.

VALUE FOR YEAR, £500,000,000. Australian and jfsT.Z. Press Association. (Received. June I, 5.5 p.m.) OTTAWA. May 31. The foreign trade of Canada for the 12 months ended April 18 was valued at approximately £500,000,000,' an increase ot £4,600,000 on last year. The value of exports decreased bv £10,600,000, and that of the imports increased by £15,000,000. PEDIGREE DAIRY STOCK SALES. PUKERIMU SHORTHORN HERD. [by telegram.—own correspondent.] CAMBRIDGE, Friday. A dispersal sialo of tho well-known Pukerimu milking Shorthorn herd was held to-day when over 200 people v ere present from all parts. Breeders were present from' as far afield as Otago, Palmerston North, Wanganui, Taranaki, Whangarei, and Dargavilla. Tho Pukerimu herd was started in 1865 when, following the close of tho Maori War, the late Hon. John Fisher was given a Crown grant of 50 acres. From time to time il.e owner bought adjacent land until he formed the Pukerimu estate of 400 acres. Pukerimu Shorthorns are known throughout the Dominion. Conducted by the Farmers' Auctioneering Company to-day's sale was satisfactory. A total of 136 animals offered realised nearly £2OOO. The demand for aged cows in milk was not keen, 79 lots bringing approximately £IOOO, an average of £l4. The top price in this class was 52gns., paid for Pukerimu Lucy 4th, tHo purchaser being Mr. B. J. McKee, of Te Akau. Other good quality cows sold at, from 15gns. to 27gns.; medium, I2gns. to 15gns.; others, Bgns. to 14gns. There was a fairly good demand for heifers in calf, tho 30 offered averaging about 14gns. The top price in this class was 24gns. Tho demand for the 18 yearling heifers was keen, the average price being lOgns. vPukerimu Dolly 29tli was pur- ■ chased by Fisher Bros, for 34gns. Stud bulls sold up to 22gns. There was spirited bidding for young bulls. The yearling Pukerimu Mcrryboy brought 48gns., the purchaser being Mr. A. I£. Mclnster, Maromaku.' Pukerimu Ensign 2nd made 43gns., the purchasers being Fisher Bros. Bull calves sold from 9gns. to 28gns. COMBINED BREEDERS' FIXTURE. The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, report:—At tho combined breeders' sale of pedigree female cattle and pigs at. Claudelands on Wednesday our principal sales were as follows:—On behalf of Mr. A. R. Clarke, Jersey cow, Dalethorpo Valerie,. 47igns., bought by Mr. H. Gothorp • on account of Mr. R. Harper, Jersey cow, Britannia's Gem, 15gns., Mr. P. Cattin; heifer, Cloudlands Cushla, lOgns., Mr. T. S. Ferguson; on account of Messrs. W. and T. J. Cook, heifer. Wild, Dale Bronze Leaf, 24gns., Mr. Soper; on account of Mrs. A. J. Clements, Friesian heifer, Sally de Kol ,of Glen Lynne, 13gns., Mr. J, Ward: on account of Mr. G. D. Hall, Shorthorn heifers, Pinedale Patty, lOgns., and Pinedale Primrose, Bgns., Mr. J. W. Kerr; ■ on account of Mr. F. W. Baker, Tamworth sows, 6£gns.. to lO^gns. PRICE OF RUBBER. A DECLINE EXPECTED. Mr. W. J. Burnet, of United States Rubber Plantations, Inc., who arrived in Sydney recently, says he anticipates a decided fall in 'the price of rubber. The removal of restrictions came as a great shock to British interests in the East, he said, and it is generally felt that action" was taken without a careful study of local conditions. Heavy supplies would be held toward the end of the year, and if these were thrown on the market they would cause a rapid decline of prices. Planters agree that it would have been better to remove the restrictions in 1925 when stocks were low- and prices high. This would have given the market an opportunity to reach its natuial level. However, there were tentative schemes to regulate sales, and if these came into operation a fair price might result. AUSTRALIAN TIMBER SUPPLIES. " VERY SERIOUS POSITION." Sir Neville Howse, Australian Minister for Home and Territories, in a recent address, said that Australia was faced with a very serious position as far as supply of timber was concerned. It was clear to everybody that in a few years there would be no timber, due to tho ruthless destruction ot trees that had gone on for the last 100 years. Australia was importing' from other countries £5,500,000 worth of ordinary sawn- timber, and paper pulp valued at £7,500,000. A few years ago South Africa obtained seeds of wattle trees from Australia, and cultivated tho trees for the bark. Last year theycharged Australia £23,000 for. the bark. Last year Australia paid away between £12,000,000 and £13,000,000 to other countries for timber, and every penny of ' that sum should have been kept in Australia. .