THE FROZEN MEAT TRADE.

Otago Witness, Issue 2010, 1 September 1892, Page 23

THE FROZEN MEAT TRADE.

Tho Lyttelton Times " takes back" its remarks concerning the shipping companies and the frozen meat trade as follows :— " The "statements in reference to thefallinthe price of sheep which appeared yesterday in our report of the Addington market were made on incorrect information. Not only .have the shipping companies provided ample space to carry all the frozen meat offering, but they hayo had to purchase largely on their own account, at a heavy loss, to fill up space which shippers failed to fill. v At the present time the shipping' cojnpaniss ate unable to obtain cargoes for steamers' now in New 1 ' Zealand waters. The Duke of-' Westminster, with a capacity for 40,000 -carcases, inlaid up. at Port Chalmers, and the RangatirayCwith a capacity for 45,000 car6ases, is laid up in" Auckland/ and they will remain inactive until cargo is obtainable either in; New Zealand or Australia. The shipping companies state that the steamers that have been sent away have only £oen. diverted because it was impossible to obtain cargoes in the New Zealand trade, and that the-" diversion has involved them in very serious losses as the rates of freight have] been based on the exp'ectatioft of full, cargoes being obtainable to'and.from New Zealand." !