PLEA FOR JAPAN

New Zealand Herald, Volume LXX, Issue 21639, 3 November 1933, Page 5

PLEA FOR JAPAN

IMPORTANCE OF MARKET EASTERN VISITOR'S VIEWS That it would be in the interests of New Zealand to foster trade with Japan rather than to place restrictive duties on Japanese exports was an opinion expressed by Mr. S. Okamoto, a representative of the Bridgestone Tyre Manufacturing Company, Kurumc, Japan, in an interview in Christchurch recently. lie said that Japan, with its largo population, was already an important market for New Zealand producers, and it would become increasingly important to them, provided that the Japanese Government was not forced into the adoption of retaliatory tariffs. "I think there is room for a considerable increase in New Zealand's exports to Japan," said Mr. Okamoto. "Japan has a very big demand for wool, butter, cheese, and flax. It is often forgotten by the European countries that the Japanese require and use just as much wool as any other country. Tho climate is very similar to that of New Zealand, and there arc the same requirements there f or woollen clothing and blankets. Moreover, there are very many factories in Japan that send woollen products to various parts of the world." Mr. Okamoto said that the sources of Japan's wool supplies were Australia, South America, South Africa and London, as well as New Zealand. The buying now, however, was mainly in Australia and New Zealand. He said that some 6000 tons of butter and cheese were consumed by Japan eachyear, and of this, about 4000 tons came from Australia and New Zealand. Mr. Okamoto laughed when the interviewer mentioned statements made lately concerning Japan's ambitions in the Pacific. He said that it was quite impossible that Japan could constitute a threat to any of the countries in the Pacific, let alone to those in the more remote parts of the ocean. "This about the pressure of population in Japan is very much exaggerated," ho said. "In the first place, Japan is an industrial country, and, provided sho can find the markets for her produce, can support a largo population. Although we have an unemployment problem, it is not really serious, and the number of the workiess appears to be decreasing steadily." The object of* Japan's activities in Manchuria was the establishment of a stable government there, for Manchuria, with its population of 3,000,000, presented a very desirable market for Japanese goods. EXPORTS OF EGGS SHIPMENTS FROM OTAGO [by TELEGKArn—PP.ESS ASSOCIATION] , . DUNEDIN, Thursday The season for the export of eggs: from Otago has no\V concluded, the j total amounting to 3777 crates of 30 dozen each. The final consignment, which was despatched by rail to Lvttelton for shipment by the Rangitiki, amounted to 1601 crates, which is believed to be the largest shipment to date from any one centre in the Dominion. The price in London this year is about ! Is 9d per long hundred (asi ten dozen j is known in the trade) lower, but this ! will be offset by the increased exchange rate, making the price f.o.b. about lOd per dozen. STOCK SALES . PUKEKOHE VALUES [from our own correspondent] PUKEKOHE, Thursday Cattle were penned in average numbers at the stock sale conducted at Pukckohe today by the New Zealand Loan and Mercantile Agency Company, Limiled. Fewer dairy cattle were yarded and met with a limited demand. Best dairy heifers made from £5 to £5 Iss; others, £4 to £'4 15s; small and backward, £2 10s to £3 15a; dairy cows, £2 10a to £5. Fat and store cattle were in keen demand, and values were firmei. Medium prime' steers sold from £5 to £5 l'2s 6d; light, £4 to £4 15s; prime heifers, £3 to £1 15s; heavy prime cows, £3 10s to £4 7s 6d; light prime cows, £3 to £3 ss; killuble cows, £2 f,s to £2 15s; forward cows, £1 10s to £2 2s; boner cows. 18s to £1 8s; bulls, £2 to £5 7s 6d ; best yearling heifers, £2 5s to £2 13s; others. £1 10s to £'2 2s: small, 18s to £1 Ss. A full yarding of fat and store pigs came forward and competition was keen for all classes. Values for fat, pigs were fulty equal to late rates and stores and weaners sold at improved values. Heavy prime baconers realised from £2 15s to £2 19s; medium, £2 lis to £2 14s; light, ■£2 5s to £2 10s; heavy porkers, £2 to £2 4s ; medium, £1 16s to £1 19a; light and unfinished. £1 12s to £1 15s; large stores. £1 Ss to ,£1 lis; slips. £1 2s to £1 7s; best weaners. £1 to £1 fis; medium, 15s to 19s; small and weedy, 12s to 14s. MATAMATA ' QUOTATIONS Another heavy yarding of fat pigs came forward nt the Farmers' Auctioneering Company's sale at Matamntu on "Wednesday. Competition was good and the yarding sold at slightly increased rates. A medium yarding of stores and weaners met with demand and sold firmly at Icvte rates. A full yarding of fat cattle, including good quality sorts, sold at prices which remained firm. A good number of store cattle, including yearling Jersey heifers, was yarded. Although the market wns easier vendors sold at lower rates than usual. There were no choice dairy cattle yarded. Values were:— Cattle: Prime fat heifers, £5 to £5 4s; heavy fat cows, £4 10s to £4 17s Cd; medium fat- cows and heifers. £3 10s to £4 2s Cd: lighter, £2 12s (id to £3 Is; killable cows, 38s to £2 Ss; store cows, 24s to 335; boner cows, lis to 235: potter hulls, £2 10s to £3 ,10s; _ service bulls. £4 10s to £6 10s; good quality yearling heifers, £3 5s to £3 12s: Jersey an'! Jersey-cross lieifers, £2 7s (',< l to £2 17s fid. Pigs: Heavy baconers, £2 10s to £2 10s; medium. £2 10s to £2 15s; light. £2 3s to £C 9s; heavy porkers, 39s to £2 4s; medium. 35s to 335; light, 31s to 31s; good stores, 27s (o 30s; others. 23s to 20s; slips. 20s to 22s Oil; good weaners. 17s to 19s (id; others. 13s fid to IGs fid; choppers, 30s fo £2; Turn worth sows, 30s to £3 2s Gel. Sheep: Fnt woolly hoggets, 245: fat woolly ewes. 17s: fat, shorn ewes, 15s to 15s Od; store hoggets, 12s Sd. TE AWAMUTU HORSE FAIR Th'- Farmers' Co-operative Auctioneering Ccmpany, Limited, reports having held « horse sale at To Awumutu on Wednesday, when 89 horses were yarded. There was a. very keen demand for young reliable draughts and good sales resulted. Older draughts and hacks wre not. sought after. The top price was obtained by a four-year draught sold 'on account of Mr. W. T. Dale, Te Aroha, to Messrs. Shaw Pros., of Te Palm, for £4O. Best unbroken draughts realised £8 10s to £ IS: four and five-year droughts, with trial, £33 to £37 10s: other gcod reliable draughts, £2l to £2G; lighter farm sorts, £ls to £23; aged draughts, £5 10.1 to £11; hacks. £4 to £6 ss. AUSTRALIAN PRODUCE (Received November 2, 7.55 p.m.) SYDNEY, Nov. 2 Following are to-day's quotations on tho Sydney produce market:—Wheat: Bagged, nominally 2s 9d, but no sales; silo wheat in country 011 sidings, Is 10d; bagged, -Is lid, equal to 2s 6d ex trucks Sydney, Flour, £9. Bran, L'l 10s. Pollard, £1 15s. Potatoes: Tasmnnian, £5 10s; Victorian, to £1 10s. Onions; Victorian, Brown Spanish, £1; white, £9. Oaten hay, £7 10s; Maize; Yellow and white, 3s lOd. Adelaide prices are;— Wheat: Growers' lots, 2s sd. Flour: Bakers' lots, £7 ss. Bran and pollard, £5 2s Od. .Oats: Algerian, 2s Id.