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THE FROZEN MEAT MARKET.

The following extract from a private letter from Mr Joseph Gould, of Messrs Gould, Beaumont and Co., of Christchurch, dated November Stb, has been published by the Press:—

"Over here I think thing* are not looking well, as there is no doubt that the continuous strikes are seriously diminishing tlie gross amount of the wagee earned by the working classes, and a3 a consequence they are not using as much of anything as they did two years ago. Again the rise of 30 to 40 per cent, in the cost of bread reduces their purchasing power for other things, and as a consequence I am told the consumption of meat is materially less than it was eighteen months ago, which partly accounts for the drop in the value of onr mutton. I think, however, that the increase of five millions in the stock of sheep in Great Uritiio has more t) do with it, combined with our largely increased shipments which have blocked our channels. There is no doubt, t-jo, that the bad season lias prejudiced the market. Tho dryness of tho spiinf,' and the hrge number of sheep on the pastures preventstJ farmers milking the usual provision for winter keep, and in the autumn they wera all wanting to sell stores and anything that would at all pass :n fat was pushed into the market and sold for wh:.t it w.mld fetch. The- first result is of course, a serious drop in values, which has made this a very bud year for sheep farmers, and the good price obtained for grain is causing a good many farmers to declare that they will reduce their number of sheep and again return to gr .wing grain. The present low prices are stimulating the consumption of frozen mutton, and on all sides I hear it slid that the meat is good, and the old prejudice seems disappearing. At the same time I have been told on several occasions in tho city that Xurth Canterbury cnejt is not what it used t> be, and that from Napier a, lot of very coarse over-fat mutton is sent. At the same limp, this is not an unmixed evil for our fanners, as it must end in an increased demand for our mutton, and the Br'tish farmer reduces his (1 iclvß the price of mutton and wool n\u-.t rise.

"Tim sudden rise in t'mqua-itity shipped has simply smotlierdd tiiu people n\vr here, as they were quite unprepared foi it, and could ii"t even find st ir.tge rioin. That is I icing put and if uuv increase next year i.; ivt too great, and if Australia does not send 100 much (which she threatens at present ti do) I think 'np.it prices will harden. I u>.t-! that tho River V\;\ia steamers are carrying as many as 100,000 carcases in one c;irgo, hut the meat is of poor quality and sm II size.' .

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18920109.2.41

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XXXVIII, Issue 3040, 9 January 1892, Page 2

Word count
Tapeke kupu
489

THE FROZEN MEAT MARKET. Waikato Times, Volume XXXVIII, Issue 3040, 9 January 1892, Page 2

THE FROZEN MEAT MARKET. Waikato Times, Volume XXXVIII, Issue 3040, 9 January 1892, Page 2

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