SHIPPING PROSPECTS.
A CHEERING EFFECT. Telegraph.—Pre«s Association. Wellington, Last Night. Cablegrams from London reporting the improvement in shipping prospects are having a cheering effect on producers and exporters, but the anxiety will not be fully allayed until the promised ships arc actually in New Zealand waters. The present position is that there are nearly seven million carcates of frown meat in the stores. Of this quantity the Department of Imperial Supplies expects to ship about 760,000 freight carcases during the present month. The cheeto stores contain about 800,000 crates, and the pressure will be much relieved this month and next month. No doubt there has been some deterioration in portions of this cheese owing to the delay in shipment. The deterioration does not affect the producer, the loss.' falling upon the Imperial Government, but it has to be taken into account when prices are being compared. New Zealand producers are not getting as good a price under the Imperial contract as the Canadian .producers, but, on the other hand) the New Zealand producers have had the advantage of fixed prices and a sure market at a time when shipping was exceedingly tcarce.
The amount of wool in stock In this country is about 400,000 baleß, of which roughly 100,000 bales are washed, scoured, and Bllpe wool. Shipment is not as pressing a matter in the caw of wool as in the case of cheese, since the produce does not deteriorate in store.
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Taranaki Daily News, 3 June 1919, Page 4
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242SHIPPING PROSPECTS. Taranaki Daily News, 3 June 1919, Page 4
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