PRICES OF PRODUCTS.

New Zealand Herald, Volume LXVIII, Issue 20978, 15 September 1931, Page 5

PRICES OF PRODUCTS.

RECENT MARKET MOVEMENTS. HOPES FOR IMPROVEMENT. [BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON. Monday. Discussing the possibility of an increase in export prices, Mr. Adam Hamilton said he had made very careful study of the position, both in the Dominion and overseas, and while he was not prepared to advise anyone regarding the course to be taken in the marketing of produce he was very hopeful of an improvement in the near future. "For the past few years we have all been apt to think prices have reached the lowest level and a rise might be expected," said Mr. Hamilton. "The rise has not yet come, and whether we have reached the lowest level is still a matter for doubt. The prices of our primary products are now 11 per cent, below the 1914 levels on the Home markets, and 14 per cent, below here. The fall in prices steadied for a time, when they were 5 per cent, below, and then resumed the downward trend, until they steadied again this month." , Mr. Hamilton said many farmers, including dairy factory directors, were finding it difficult to make up their minds regarding what policy they should pursue. They were asking, "Is it wise to sell or is it better to consign goods in the hope of a rise in the Home market 1" These were very difficult questions to answer, and it would be unwise for anyone to give advice. "Although there does not appear to be any natural sign of the price level rising," said Mr." Hamilton, "it does appear that' efforts are being made both nationally and internationally to raise price levels by various means. In addition, the natural compensating laws of slump conditions may yet have to make themselves felt, and this may In the near future result in much more favourable prices for exports. "The chances are, I believe, in exporters' favour, and it might be a wise policy to give due weight to the factors I have mentioned. At the same time, I want to make it clear that I am only expressing my personal opinion, without wishing to advise exporters regarding the course they should adopt."