The Chronicle. PUBLISHED DAILY MONDAY, JUNE 20, 1910. GOOD NEWS FOR NEW ZEALAND.

Horowhenua Chronicle, 20 June 1910, Page 2

The Chronicle. PUBLISHED DAILY MONDAY, JUNE 20, 1910. GOOD NEWS FOR NEW ZEALAND.

Tim cablegram piililislied in last K'ahurday's Chronicle, under the heading "Australasian Possibilities," indicates ono of the greatest comni«rci«.l gains to Australasia, and more particularly to these islands, ever I'oreMhadmved. The introdinction. of Xew Zealand frozen mutton to th:v United States of America, and its sale at prices higher than those ruling on the London market, will do what X;'\v ZealaiK.lgrs hare been striving unsuccessfully to c;sj for very many years pas* : i.e., break down; tho prejudicial influences of the London meat ring. Xew Zealand past-ora lists—-and through them t'.ie whole dominion—will find an. ewin ring hs'iiefit from the outranc;' of Xew York and other large citiffc of America into the purchasing arena, for now there will be too many interests for consideration, and conditions too frequently opposed, to permit of any effective oo nib illations in restraint of fail values such as Australasian frozen meait has been mad-e subject- to in. past years. Jn the wool market this fact lias been proved already. It was an open secret in "Wellington, some six months ago, that certain of the English buyers were bent upon deflating wool values at the opening sale; and it was apparent, too, ■that tilie systematic neglect of certain buyers to bid against each other "did" deflate prices at tho

opening sale"; hub the effort'was. futile, for the next month's sale found tlion) opposed 'by American and "Continental buyers who computed with spirit for the better wdols, and turned tho would-be "bears" into demonstrative "bulls," quite against their own wishes. Something of this kind may be seen ere long 'in the London meat markets. Hitherto there has been a belief that the United States duty of one cen'fc and a half per pound -on imparted mutton was an effective barnier against tho introduction of frozen meat to those parts, but the ease now is very much altered. At 'Miis distance it is hard to diagnose the exact causes which have led to the importation to the United Stains of this New Zealand mutton, but certainly it seems a fa.ir presumption that tho Uniitod States meat ring has overshot 'its mark in the making of the recent substantial rises. Tt will be remembered thxvfc these increases caused the bizarre strike of meat consumers whi'di resulted in >a great increase of American vegetarians for exactly two weeks; and. then a. sudden return to the fleshpots, and a .still further rise in the meat prices. The hie; combines of the States may fim:. lVow that they have raised lip a sort e,l' Frankinstein antagonist that will refuse to be put down. The probability is that the thin end of the wedge, thus introduced, may be followed by the driving into the United States of much wider wedges, in the form of dairy produce and other New Zealand products. The mere fact of the meat having been landed in New York, and sold there, after payment o'l three halfpence duty, at nearly one pi nny per pound less'than the American product, is sure to make a deep impression upon the wide-eyed ''Yankees." and the resulting benefits to New Zealand scarcely can be over-estimated.