TRADE WITH SOUTH AFRICA
Despite tlie incessant cry which has gone up during the last year about the necessity of developing a direct trade with South Africa, the experience is that tho New Zealand producers are either unable or tunwiliing to take advantage of the accommodation provided by a vessel like the Norfolk for that purpose. The Federal liner Sussex took away something like 100,000 carcases of mutton last month, and if the same number were available for the Norfolk at a price considerably in excess of that quoted when the trade was first started, they would be eagerly secured, but the fact remains that the right class of mutton at a fair price ca/nnot be secured, and the steamer will go away short-laden. Very little butter is available, and some poultry which was booked, has, iu consequence of advices, been withdrawn. Two thousand lambs are being sent by a private consignor, a thousand hams are going from the South, and a quantity of grain may yet be booked, but this is nothing in comparison to the expectations which were naturally raised by the manner in which the Sussex filled up. Of course, in view of tho high prices for meat ruling in England, and the success of consignors of live stock to Australia, the market is rather inflated just now. It will be some time before the spring growth of feed will bo so advanced as to favourably affect the outp?ut of fat stock and dairy butter, and in the meantime it is expected that the "export trade will suffer a slump, and prices will rule high in riie local markets.
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New Zealand Mail, 20 August 1902, Page 37
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272TRADE WITH SOUTH AFRICA New Zealand Mail, 20 August 1902, Page 37
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