SUPPLY AND DEMAND.

Sun (Christchurch), Volume I, Issue 147, 28 July 1914, Page 8

SUPPLY AND DEMAND.

INCREASE OF OVERSEA TRADE CERTAIN.

GBAIN-GROWING IN N.Z. Press Association. WELLINGTON, July 28. In opening the agricultural conference to-day, the chairman (Mr E. A. Campbell) said he had never known- a year when so much of what New Zealand had produced had kept at such ahigh level, and it would appear as if the consumption of wool, meat, and all by-products, in Europe had overtaken the production. ' ' The United States, -which six years ago were the largest meat exporters to Britain, were not now a,ble to supply themselves, and already large quantities of Argentine meat had r ached the New York market, and even some small parcels from this country.

From the way both cattle and sheep were falling in numbers, wtth an everincreasing population, this trade must Increase to enormous proportions. There •was only one farming industry in New Zealand which had fallen off, and that was grain growing. The cause .no doubt vas "that New Zealand had not been able to compete with new countries, but lio believed it was only the swing of the Pendulum. The day was not far distant when these new lands would become worn out, and would require to be fed with niamire, and if the world was able to consume all the grain grown at the present time, what would it do in ten years cr more, when there wer# no new countries to open up?