AUSTRALIAN TRADE.

New Zealand Herald, Volume LXVI, Issue 20331, 12 August 1929, Page 5

AUSTRALIAN TRADE.

INCREASE IN YEAR'S EXPORTS

SMALL FAVOURABLE BALANCE. That the margin of imports over exports of £4,731,900 in 1927-28 turned to an excess of exports of £1,152,142 this year is disclosed in tho return of Australian trade furnished by tho Commonwealth Statistician for the 12 months ended June 30. While imports showed a decrease of £4,316,937, exports were £1,567,105 above thoso of the previous year. A summary of tho trade for tho last year, and the movements involved, aro embodied in tho following table:— Exports— Increase. 1928-29. Merchandise ~ £140,853,055 £1,381,333 Cold .. ~ 3,920,520 185,772 Totals .. £144,780,175 '£1,507,105 Imports— Decrease. Merchandise .. £143.271,331 £3,005,149 Cold .. 356,642 051,788 Totals .. £143,028,033 £4,310,937 The main item contributing to the export trade, wool, amounting to £61,615,245, of which £55,904,£68 was greasy wool, a fall of £4,481,873 on tho year. Although there was little difference in the quantity of wool exported, the diminution was clue to the lower prices prevailing during the season's sales. After the poor season that affected the previous year's wheat crop, tho export figures of grain rose by £5,742,725 to £20,372,624. Exports of sheepskins and rabbitskins showed a slight improvement, but these were balanced by tho fall in cattle hides. Of dairy produce, butter worth £637,254 more was exported. Under tho heading of preserved meats, beef, lamb and mutton showed an increase of over a million sterling. Flour increased by three-quarters of a million. The export of alcoholic liquors declined £470,221. Ccal fell £161,641 to £429,354, and ores and minerals generally showed a decreaso of nearly a million sterling. Metals and metal manufactures fell £682,186, many being bound up with the coal industry. Among imports apparel showed a decided decline of £802,523, and textiles (not including apparel) decreased by nearly two million pounds. Timber imports declined to £4,188,820 from £5,068,625. Most of the smaller classified groups, such as dried fruits, also decreased. Metals and machinery advanced a little, but would have shown a considerable decrease but for motor-cars and parts, which increased by £3,049,888. AMERICAN TARIFF BILL. DUTY ON RAW WOOL. Australian and N.Z. Press Association. WASHINGTON, Aug. 9. The increase of 3 cents per lb. on raw wool proposed by the new Tariff Bill would be eliminated under an amendment approved by the Republican members of the Finance Committee of the Senate. LONDON DAIRY VALUES. PRODUCE BOARD'S REPORT. 11 , The New Zealand Dairy Produce Board has received the following market report from its London office, dated August 9, prices for the previous week being in parentheses:— Butter. —New Zealand: Salted, 169s to 172s (169s to 1725); unsalted, 168s to 172s (168s to 1725); first - whey, 158s (158s); second whey, 154s (1545). 169s to 172s equals approximately Is 4£d f.o.b. Deliveries New Zealand this week, 635 tons. In store, 8150 tons. Australian: Salted, 162s to 167s (162s to 1675); unsalted, 162s to 166s (162s to 1665). Argentine: Unsalted, 160s to 164s (160s to 1645). Irish creamery: Salted, 164s (164s to 1655); unsalted, *l67s (167s to 168s). Danish: F.0.b., 164s (1655); spot, 170s to 172s (172s to 1735). Dutch: Unsalted, 166s to 1735, according to package (164s to 171s). Estonian: 160s to 162s (160s). to 1625). Latvian: 160s to 163s (160s). Siberian: 154s to 156s (1565). Ukranian: 156s to 158s (156s to 158s). Polish: Salted, 142s to 150s. (150s to 1525); unsalted, 1525. French baskets: Salted, 158s to 164s (154s to ,1645); unsalted, 160s to 165s (1655). Market slow. Retail prices unchanged. Cheese. —New Zealand: White, 85s to 86s (86s to 87s); coloured, 89s to 90s (90s to 91s). 85s to 90s equals approximately Bgd f.o.b. Deliveries New Zealand this week, 16,386 crates; in store, 101,648 crates. Canadian: White, 106s to 108s (100s to 112s); coloured, 104s (100s to 110s); new season's, white, 86s (86s to 88s); coloured, 88s to 90s (88s to 90s); 85s c.i.f. (86s c.i.f.). Australian: Coloured, 88s (89s), Market quiet. Retail prices unchanged. The Taranaki finished discharge of butter on August 2. The Matakana finished discharge of butter and cheese on August 2. Tho Remuera finished discharge of butter on August 8. Newton King, Limited, hag received the following advice by cable from its principals, R. and W. Davidson, Limited, dated August 9: —Butter: Tho market is slow. Salted, 169s to 1725; unsalted, 168s to 1725; wheys, firsts, 158s; seconds, 1545. Cheese: Tho market is quiet. Coloured, 89s to 90s; white, 85s to 86s. A. H. Turnbull and Company has received the following cablo from its principals, W. Weddel and Company, Limited, dated London August 9:—Danish butter, 170s to 1725; New Zealand unsalted butter, 168s to 1725; salted, 169s to 1725; market slow. New Zealand cheese: White, 85s to 86s; coloured, 89s to 90s; market quiet. Canadian cheese: White, 86s; coloured, 88s to 89s. CLEARING SALE AT OPOTIKI. [r,V TELEGRAPH.—OWN CORRESPONDENT.] OPOTIKI, Saturday. Dalgety nnd Company, Limited, report as follows upon a clearing sale of dairy heifers and pigs held at the Opotiki saleyards yesterday on account of Mr. Jl. lv - Hogg:—Bidding. especially , .for Jersey heifers, was brisk mid evorylliiji!: was disposed of at satisfactory prices. Quotations. Well forward and tfood-eonditioned pood-conditioned HoMem heifers £J 1.. ,0 . X 11: f7 to £8 15i>. A line of 50 Kootf store viss sold at from 23s Gd to 375.