TRADE OF BRITAIN.

New Zealand Herald, Volume LXIX, Issue 21131, 14 March 1932, Page 5

TRADE OF BRITAIN.

RETURNS FOR FEBRUARY. BIG INCREASE IN IMPORTS. (Received March 13, 5.5 p.m.) LONDON, March 12. The Board cf Trade returns for February, 1932, show (hat the imports into Britain were valued at £70,648,000, an increase of £6,506,000 compared with February, 1931. The value, of exports was £30,013,000, a decrease of £1,781,000, and of re-exports, £5,453,000 a decrease of £400,000. The principal increases were:—lmports: Grain and flour, £2,126,000; food and drink, non-dutiable, £1,501,000; dutiable, £970,000;' oil, seeds, etc., £696,000; nonferrous metals and manufactures thereof, £594,000; oils, fats and resins, £981.000. The chief decreases are :—lmports: Meat, £794,000; cotton yarns and manufactures, £576,000; Woollen yarns and manufactures, £829,000; apparel, £864.000. Exports: Coal, £329,000; vehicles, £983,000. The following is a comparison of the returns for the first two months of this and last year: — 1331. 1932. Imports . . i130,T2.1,n0n <'l32.Dl* .000 Exports . . (V.),;tfSOO<) 01.1.37,000 Re-export* . . 11,800,000 10,693,000 Total exports 81.248,000 71,5:50,000 Th P apparent adverse balance of trade for the first two months of this year is £61,118,000, compared with £58,476,000 last year.

LEAD STATISTICS. (Received March 13. 5.5 p.m.) LONDON, March 12. Statistics of lead for the. United Kingdom at the ond of February compared with January were: — Feb. -Tan. Tons. Tons. Imports .. ..'31,737 21,363 Exports . . . • 2,464 2,G'JO THE TORK INDUSTRY. INCREASED EXPORT URGED. DEMAND ON HOME MARKET. The opinion that the Government should pay increased attention to the development of the pip industry in New Zealand has been expressed by Mr. W. A. Phillips, chairman of directors of the New Zealand Co-operative Pig Marketing Association. "I hope that in making preparations for tho Ottawa Conference the Government will not overlook the importance of our pig industry," said Mr. Phillips. "Sir James Parr and others who have recently spoken in connection with this momentous conference have stressed the advantages to be gained by the export of most of our primary products, but not once has mention been made of the possibilities of increasing the value of our pork production. There exist, to-day all manner of boards and general facilities for the advancement of production in wool, mutton, butter-fat and cheese, but the Government and dairy industry continue to ignore the pig and its potentialities for profit. "In Denmark and other countries the pork industry has grown side by side with the dairy industry, and although one is constantly reminded of Danish competition in the butter trade, one seldom hears of the rapid growth in the pig industry. Last year pig products exported from Denmark exceeded that country's exports of butter by more than £5,000,000. "It has been suggested that Sir James Parr, owing to his intensive study and keen interest in the development of Empire trade, should be included in the New Zealand delegation to Ottawa. Everyone should recognise his special claims for inclusion and his appointment would, I feel sure, be welcomed by all those interested in the pig industry.

"I would remind the Government that the Home market imports every week pork products valued at over £1,000,000, while every year Canada imports from (ho United States pig products valued at over £500,000.".

STOCK SALES. CAMBRIDGE HORSE FAIR, The Farmers' Co-operative Auctioneering Company, Limited, reports having held its autumn horse fair i'l Cambridge during the week, when 200 horses of all clashes were offered. There was » fair attendance of buyers and competition was fairly good on reliable stamps of medium draughts. Hacks were not in great, demand, but the majority was sold under the hammer, Prices were:— Unbroken medium draughts, three to five-year-old. £lO 5s to £18: poorer sorts, XI 10s to £5 15s; heavy draughts, broken to all work, £2O to £36; older, £lO to £l9; pood medium draughts, £2l 10s to £3O: draughts, broken to chains. £l9 to £3O; others. £5 to £l7; useful farm sorts, £5 to £l4. Light horses: Hacks and hunters, good sorts, £7 to* £18: useful hacks. £3 10s to £6 15s: poorer hacks, £1 to £3: reliable children's ponies, £3 5s to £6 15s. WAIHOU VALUES. The Farmers' Co-operative Auctioneering Company, Limited, reports that at tho Waihou sale on Friday a good yarding of storo lambs and a medium yarding of cattle was penned. Owing to the heavy yarding prices were slightly easier for lambs. Late rates were maintained for cattle. There was again a heavy yarding of both fat and store pigs, with » big proportion of porkers. All classes sold at late quotations,* with a tendency to ease toward the end of the sale. Prices were: —Fat ewes. 7s to 7s fid; killable ewes, ss: fat lambs, 10s fid to lis; best store lambs. 6s to 8s 3d; culls, 3s to 5s Gd: store ewes, 2s to 4s; sound-mouthed ewes, 8s;. fat cows, medium. £2 5s to £2 7s; killable cows, £1 lis to £1 19s; fresh store cows, £1 4s to £1 9s; boners, 12s to 19s; fat cows and calves, £3 14s: heifer calves, 10s to £1 2s: bulls. £1 to £3. Pips: Choppers. £1 6r to £L 17s; heavy baconers. £2 to £2 3s; medium baconers, 378 to £2; light baconers. 32s to 365: heavy porkers. 27s to 31s; medium porkers, 22s to 255; light porkers. 18s to 225; stores, 12s Gd to IGs Gd ; slips, 8s to lis; tveaners, 3s to 7s Gd. PRICES AT WAINGARO. The New Zealand Loan and Mercantile Agency Company, Limited. Hamilton, reports on its Waingaro ntock sale, held on Thursday. as follows:—The average yarding of sheep met with keen competition, store lambs in particular selling at advanced rates. Although buyers were found for all tho yarding of cattle, the market was a poor one at values barely up to sellers' reserves. Prices were:—Fat and forward two-tooth wethers, lis; average-conditioned two-tooth ewes, 7a to 9s; store lambs, 4s Gd to 5s Gd: four-year-old steers, £3 Ms. KAMO HORSE FAIR. [FROM OUR OWN CORRESPONDENT,] WIIANG-AREI, Saturday. The North Auckland Farmers' Co-opera-tive, Limited, report holding a horse sale at Kamo yesterday. Very few horses came forward. Useful farm sorts were in keen demand, but there was little demand for hacks. Quotations were as follows:—Hacks, from £2 to £8; bakers' cart sorts, £8 10s to £l2; |-ton horses, £l6 to £2l 10s; unbroken two-year-old fillies, up to £l2. GISBORNE SHEEP PRICES. [BX TELEGRAPH. —OWN CORRESPONDENT.] GISBORNE, Saturday. The fat. sheep entry at the Gisbotne sale totalled GOO. There was a brisk sale and a recovery on last week's drop. Ewes realised Gs to 7s 6d; wethers, 10s to lis Id; lambs, 9s 7d to 10s Id; second grade ewes, 5s Id to 6s; lambs, 8s 6d; wethers, 8a lid to 9s Id. Deef cattle liad a poor snle. Choice cows, £3 17s Gd: Jerseys, 80s to 355; quality vealers, 25b to 355. *\n improvement is unlikely, as station fat cows are purchas able 'privately at 455. Store sheep had an entry of 1500. Ewes declined to Is 6d. Wethers were firm and lambs a little easier. Ewes, sound-mouth, to 5s 3d; 6;year, good, 5s 4d; medium, 3s 9d; 5-year, good, Gs to 7b 7d; fairly good. 4a Od; 4-year, good, Gs 3d; 6-tooths, Gs to 7a Id; 4 and 6-tooths, good, 8s Id; 4-tooths. quality, 9s; moderate. 5s Od; 4 and 6-tooths, quality, 10a 6d; 2tootlis, good, 9s Od to 10s Gd; fairly good. 7s 5d to 83 lOd; lambs, good, woolly. Gs 4d; good, shorn, Gs 2d; wethers, lusty 2tooths, 9s 2d: good stores, 7s lid to 8s 9d: medium. 7s Id; Bmall, fair condition. 6s 3d to 6s lid.