AID FOR INDUSTRY

New Zealand Herald, Volume LXXV, Issue 23112, 10 August 1938, Page 9

AID FOR INDUSTRY

AUSTRALIAN COMPLAINT POLICY OF GOVERNMENT INSUFFICIENT SUPPORT GIVEN Insufficient support of secondary industries in the Commonwealth was charged against the Federal Government by the president of the Australian Chamber of Manufacturers in a recent address to the annual meeting. Members of the chamber endorsed the president's remarks. It was emphasised that because of the extension of economic nationalism in foreign countries the export trade of Australia was likely to contract, and that an increased Australian population could be provided for only by the development of secondary industries. Therefore the Government should frame its national policy on the replacement of the development of export trade with the expansion of the home markets a* the dominant feature. ]\lr. Hendry, in his presidential address, said that for six years the Commonwealth Government had made every effort to secure an expansion of export trade, but without success. In that period the absorption of labour in Australian industry had been barely sufficient to provide employment for the natural increase of population. The expansion of Australian manufacturing industries was the most prac- > ticable method of restoring and main- | taining the prosperity of the Commonwealth and providing employment for its population. The progress during the past five years had been achieved in spite of, rather than because of, encouragement by the Commonwealth Government. Mr. Hendry emphasised that the questions of population and defence were closely related to Australia's manufacturing development. He said that the breakdown, of trade negotiations in London, the trend toward self-sufficiency in Europe, and the increasing competition by synthetic iibres with wool constituted a warning that Australia's trade was more likely to contract rather than to expand. Mr. Hendry said the manufacturers realised that arbitration had, generally speaking, functioned during recent years with success. Employers should encourage their employees to approach the management with their problems and difficulties ao that a friendly settlement could be effected, thus eliminating the friction that often arose from trivial causes and led to industrial upheavals. QUOTATIONS FOR WHEAT LONDON AND LIVERPOOL FUTURES IN CHICAGO LONDON, August 8 . Wheat. —Cargoes are depressed, but parcels are unchanged. Futures are quoted as follows: —London, August, 30s ojd a quarter; November, 26s BJd. Liverpool: October, os 6d a cental; December, os 3d; March, os Id. ! CHICAGO, August 8 Wheat. —September, 62J cents a bushel; December, 64| cents; May, 67| cents. HEMP AND TALLOW MARKETS IN LONDON. VALUES FOR APPLES - The Department of Agriculture has I received the following cablegram from the High Commissioner for New Zealand dated August 5: — Tallow. —The market is unchanged. Hemp.—The Manila market is very quiet; "K" grade sold August-October shipment, £2O ss. The sisal market is quiet and easier. Sellers quote AugustOctober shipment, £l7 ss. In the New Zealand market there is nothing tc report. Apples.—The market is"dull after th< bank holiday. The following are th< market value? of sound conditionec fruit of the varieties mentioned, th< range of prices generally representing the difference between the severa ! grades and/or counts, with variabb conditioned fruit of similar varietie; 1 proportionately less in value:— ' Dougherty, Kokewood, 10s 6d, 13s 6d: ; Home Beauty, 10s, 13s; Stunner, 6s, 9s 1 BRADFORD MARKET FIRM BUT QUIET > ! LONDON, August S The Bradford market is firm, bu , business is quiet, users' requirement - being covered.. 1 STOCK FOR EXPORT KILLINGS AT KAITI WORKS [by telegraph—OWN correspondent] GISBORNE, Tuesday Apart from cattle, substantial de i dines took place in the number o stock slaughtered for export at th< I Ivaiti freezing works during the pas * i season.'The increase in cattle was mon II than 20 per cent, as a result of tin I favourable season for that type o I stock. Sheep declined by more thai 9000 and lambs by more than 40,000 e Killings of pigs "were lower, in spite o higher prices, the difference beinj [J nearly 1900. a The following were the total killing ii at Kaiti up to the end of July, to r gether with the total killings fo: c the previous season: —Sheep: 1936-37 ' 159,084; 1937-38, 149.943. Lambs s 255,173; 214,575. Cattle: 7783; 9467 5 r Pics: ; 15.049; 13.167. Cattle are stil I;' heme killed, small numbers coming for d wara each week. 5 t'"e HIDES AND SKINS MOST LINES UNALTERED Competition from, both tanners and ex porters was fairly keen at the fortnight!; cn!e of hides and skins held by Aucklan< s brokers yesterday. Abattoir cow hides ease* \ a shade, other lines being about unchanged \ Prices for best grades were:— is Hides. —Ox (abattoirs), heavy, 6>«d ti .V 7%d per lb; medium, (>!< d; light, .-IJ B d ti 1. r> s 8 d; ox (country butchers), heavy, 5,-id O medium, r>d; light, 4V<d; cow (abattoirs) ii heavv, l 7 »d; light to medium, 4%d to 4/pd cow '(country butchers), heavy, •!%<]:• nsl» d to medium, -lVid; farmers (all weights), J%c 'S to 4% d; yearlings (abattoirs), heavy o (iVid light to medium, fi'/ld; scc.ond grade I; <lVjd to Wd; laulty and cut, 3 5 /« dto od calfskins, alb to slb. (ilb to Sib, OY*d le seconds and cut, od; slippy, -Id to . MlII Salted Sheepskins—Three-quarter to lull p large, 5s 4d to Os; medium, 4s to 4s lOd n half-wools, large, 3s to 3s lOd; bare tc t. quarter-wool, Is (id to 2s fid; quarter a half-wool, faulty and small, Od to Is 6d. •o Dry Sheepskins.—Three-quarter to run y wool, medium to fine »s damaged and faulty, Sand o medium to fine crossbred, < /zd, damaged anu !• finllv S-Md to ti'id; bare to ooi, s', sound.' 4 3 / id to 5V,d; damaged and faulty, 'i 31/ TaHow 4 —Good quality, 13. 6d U.l4a P« ,o . wt; second grade, lis to 12s; thud. Os to 108.