SHIPPING PROSPECTS.

Taranaki Herald, Volume LXVII, Issue 16448, 3 June 1919, Page 6

SHIPPING PROSPECTS.

FOR NEW. ZEALAND PRODUCE. Per Press Association. WELLINGTON, June 2. Cablegrams from London reporting the improvement in shipping prospects are having a cheering clfoct on producers and exporters, but the anxiety will not be fully allayed until the promised ships are actually in New Zealand waters. The present position, is that there are nearly seven million carcases of frozen meat in the stores, Of this quantity the Department of Imperial Supplies expects to ship about 750.000 freight carcases during the present month. The cheese stores contain about 300.000 crates, and the pressure will be much relieved this month and next month. No doubt there has been some deterioration in portions of this cheese owing to the delay in shipment. The deterioration does not affect the producer, the* loss falling upon the imperial government, but it has to be taken into account when prices are being compared. New Zealand producers are not getting as good a price under _ the Imperial contract as the Canadian producers, but, on the other hand, the New Zealand producers have had the advantage of fixed prices and a sure market at a time when shipping was exceedingly scarce. The amount of wool in stock in this country is about 400,000 bales,’, of which roughly 100,000 bales are washed, scoured, and slips wool. Shipment is not as pressing a matter in the case of wool as in the case of cheese, since the produce does not deteriorate in store..