SPACE FOR EXPORTS.

Manawatu Herald, Volume XL, Issue 1852, 13 July 1918, Page 3

SPACE FOR EXPORTS.

OUTLOOK SLIGHTLY BETTER

POUR STEAMERS EXPECTED

Information concerning the present position of the overseas shipuing trade was given at Christchurch the other day by Mr A. \V. Bennett, general manager of the New Zealand Shipping Company. Mr Bennett said there was a prospect of about three or four insulated steamers loading in the not distant future. “We have also arranged for a sailing ship from Canada to call at one port in New Zealand, This vessel will bring out a full cargo of Canadian goods, and may load back to Canada or the United States. Arrangements have also been made for two sailing ships from Canada for Australian ports.

“On the whole the immediate outlook is better than was expected a week or two ago. Of course, the exports are accumulating all the •time, but at (his time of the year they do not accumulate in any great quant ily.” Speaking with reference to the Dominion’s chief export products, Mr Bennett remarked dial everything indicated congestion in regard to wool by midsummer. “In the North Island, however,’’ he went on, “the wool-brokers are increasing their storage accommodation, which, I regret to say, is not being done in (he South Island to any extent. There are about 370,000 bales of wool still in store in the Dominion. When it is considered that the total clip of New Zealand is a litlle over 000,000 bales, and that by the end of August that is generally all cleared off, it looks as if we will enter into (he new season with half of lasi season’s clip on hand. Willi inspect to frozen meat, at the end of .tune there were in the freezing works of (he Dominion about 200,000 freight eareases, while the. storage rapacity is about (),')()().000 freight carcases. The new killings come in in November.”