SHIPPING OUTLOOK.

North Otago Times, Volume CVI, Issue 14173, 15 July 1918, Page 2

SHIPPING OUTLOOK.

* FtITURE PROSPECTS'BRIGHTER. j coarse pf conversation witji a j Lyttelton Times reporter on/Thursday, Mr A, W.'Bennctt, general manager of | the New Shipping Company, } 'lcviewcd the present v position of the I -oveiscas shipping Itrade. I ' In the matter of thV shipping on the [ coast at was practically j >ho change to report; but there was n , piospecfof aboub';thre.e,or four 'insu |i kH steamers loading in "the not dis < i tfant futiire/whicli was rather more than i ' 'was /expected, some "time ago. '"We •liave also fixed a toiling ship from' Can ' *ada to one port \ti New Zealand. This j jjyessol will hi ing '"out a full cargo of I goods', aid may load ,back to (.Canada 01 the United States, We have 'also fixed two s-iiling, ships fiom Canada foi Australian poita.' ' On the whole, the immediate outlook is bettci than was expected a week or two ago. Of 'poiuse, the exports are accumulating all the time, but at this time of the year they do not necumnlaro'in any gieat •quantity," >;' Speaking \%ith reference to tliQ Dominion ,\s chief cxpoitablo products, Mr Bennott icmarkcd that eveiything pointed to a congestion in Icgaid to wool by midsummer. t "But in the North Island especially," he went on ,to say, I'the woolbiokcrs'aie increasing 'their stoingc aPeommodntiou, übich 1 icgict to say, is not being done in the South Island to any extent. There ar& OTOjOOO bales of wool still in store! in the Dominion. When it is considered that the total clip of New Zealand k a little ovei 600,000 bales) 1 and thafby the end of August' t«y is'generally all'cleared off, it looks as if w.e will get into the new Reason with-half of last'season's dip on hand, as shewing begins on'thc east eoast of the Noith Island in Octo bcr." * t With respect to frozen meat,'at,the end of June there were in flic freezing ■works of the Dominion aoout 5,200,000 freight carcases, and the storage ca pacity is about six millions anoSa-half of frejght 'carcases.' The new killings come in in November. > "Of course," .said Mr BenneH, "thejo is a little killing going on' all the time, but that is more than bhlanc'ed by th*e tonnage ue get hMupQii now'and October. '\ny bodv can see uhaWJie position iyand it all depends on the supply of tonnage hot ween now and the end of the year."