THE FEILDING CHRONICLE AND ADVERTISER. SATURDAY, AUGUST 2, 1879. THE SURPLUS MEAL QUESTION AT SYDNEY.

Manawatu Times, Volume III, Issue 62, 2 August 1879, Page 3

THE FEILDING CHRONICLE AND ADVERTISER. SATURDAY, AUGUST 2, 1879. THE SURPLUS MEAL QUESTION AT SYDNEY.

Such ii the heading of a lending artiole m the Auatralcuumoi the 28th of June, and as it is likely -to hare a direct bear* ing on the pastoral interests o£ this celony, we, desire. thus prominently to draw attention to the subject. The article states that "the glut m the fat stock market whioh has brought prices, outside of Victoria, to a lower point than they~ have reached since boiling do*n was. last pmctised, has led to the formation m Sydney of an organisatidn entitled the 'Surplus Stock Outlet Society.' This body lately held a meeting to receive the report of a committee appointed to review proposals •nd suggestions which had been sent to the secretary upon the subject, how best to attain the objects of the society." -After animadverting upon .the indiiforf nee manifested by the g£»t majority pf pastoralists to the state of the live stock market, the article prooeeds :— «' At the meeting a great deal of an en. eonraging nature was disolosed, and primarily, the most important fact that want of larger capital alone prevented the Sydney Meat Preserving Company from vastly increasing their output of exportable meats/ The committee suggested that if the capital .were increased to £60,000. some effective impression might be -made upon .She market, and so stock-owners are to be invited to subscribe for the shares. The proposal to slaughter, and salt prime fat stock for exportation to Europe wiig also favorably received, by the committee. " The two schemes above referred to are all that appear to be; immediately 1 available, but the prospects of help from other quarters are decidedly encouraging,;' remarks the AustraX- *»*«», and proceeds to indicate that the Bell and Coleman Mechanical Eefrigerat «6n Company's process of freezing moat, which has been tested tp and from America,: satisfactorily solves the problem of sending fresh meat from, the Australian colonies to. the' European markets. The article concludes with a description, from the Glasgow Herald, oijaitmaelus operandi\ from which We learn that the machinery employed was Qf sufficient power to keep 80,000 cubic fetfjOf space a.* ajempera^ura M&&.

Fahr., which is' equivalent to carrying 2000 quarters of beef. It would have interested many of our readers if the cost of this had been given, but on this point no information is vouchsafed. Thus w* see that the preserving, the salting, and, perhaps, eventually the freezing process, were the only means relied upon at that date for relieving the glut: m the Sydney fat stock market. Had they stopped here we shomld not have alluded to, the matter ;, but unfortunately another phase of the subject, has b^een deyoloped—one that probably will -at ♦no very distant date spread jcbnsternation and dismay among bur pastoralists. We learn, upon what we consider reliable authority,' that the difference m p-ices at Sydaey and Wellington re> speeiively, has led to the formation of a company foi.* the purpose of buying {at siook there and conveying them to WelUagton. It is assertedythat the disparity m the prices' ruling atWellingcoa over those at Sydney amounts to 100 per cent., and that by purchasing at Sydney and shipping to We)lin«ton, a very ixpndsoiae profit will be realised, i We learn further that a steamer has been purchased foi'o this purpose. Whether, the venture, prove a success or otherwise, it behove* our stockowners to be on the gui vivt. If it succeed, the value of fat stock will go down with a inn, for m that owe the compf.uy's operations would not be re* r«t^iot*drl^ WoVuigixm^ Bub^trtjlclaAd; Dunedm, «nd the other po;»ts would be provided for. We have'hcßrd shrewd pracpal men contend, that it oaunbt possibly succeed, inasmuch as, even if they had m New South Weles fat stock •qualjtojour oytn— -which taeyjaavenot--tbey would lose flesh, each day, from the time of leaving the station until theynreTe slaughtered, and would be so deteriorated m quality that they could not compete witli those fattened on our own, I'icn pastures. Iv this cms the company would probably turn thei? attentioa to the iinpovfcaiion of " stores." This we [should regard as even a still Swales calamity, as We could scarcely 11, w* th the cattle, v to import some of t!te disease! which, "have,; played sad havoc with many of the Australi«,n runholders. A greater calamity than this for New. Zealand: we cannot easily, -imagiia».'--'--- : '->-;----'- .--v-^^ :^~- ;■"— --'•■--. :-