MEAT DEAL.

Taranaki Daily News, 4 October 1920, Page 5

MEAT DEAL.

IMPERIAL STOCKS SOLD, YESTBYS' THE PURCHASERS. MARKET WILL BE CLEARED, Received Oct. 3, 5.5 p.m. By Telegraph.—Ptcss Assn.—Copyright. London, Oct. 2. Veeteys' havo purchased the whole of the Government stocks of meat stored In England, Australia, and New, Zealand, and also those in transit, less army requirements. Hie meat trade is gratified, because this will clear the market. A correspondent interviewed Vesteys, who state the stocks will probably total a pillion quarters, the greater portion being stored in Australasia, but they are unable to ascertain • the quantity acquired until the army requirements are ascertained. They have not decided where and when they will re-eell the beef. They denied that they intended canning, pointing out that the world's markets are already over-stocked with canned meats.—Aus.N.Z. Ca/ble Assn. POSITION LNT DOMINION. " SHIPMENTS TO AMERICA. There is now practically no first grade lamb left in store in New Zealand. This olearanco is almost solely attributable to trade with America. Indeed, the Port Curtis, which will be the fourteenth steamer to take meat to New York this season, is now loading at Lyttelton with second grade lamb and mutton. Including loadings now being completed a total of 2,047,725 carcases, of which all but 150,000 carcases are lamb, will have been shipped to America since March 13 last. The Port Curtis, Matatua, Leitrim, and Northumberland are now loading in New Zealand ports, and altogether they will lift 640,000 carcases of mutton and lamb. On August 15 there were 4.886,324 freight carcases in store, including a fair proportion of the 1918-1919 season's meat. This huge accumulation is largely due to the glut in the mhrket in the United Kingdom. Had it not been for the American outlet it is almost certain that the bulk of the meat would still be in New Zealahd to-day. It is almost certain tlwt there will be considerably over 2,000,000 freight carcases in store at the commencement of the new season.