THE BEET OUTLOOK.

Wairarapa Age, 10 March 1922, Page 4

THE BEET OUTLOOK.

The low prices obtaining in this dts-. trict for cattle in forward conditi >n arc not surprising in view of the condition of the London beef market. According to the Australian Press Association, Australasian frozen brief is hardly saleable at 3£d a pound. T ks is due in part to the loss of reputation due to old stocks of beef which are still getting to the public, and in part to a relentless war which is being waged by the beef interests of South* America, which are selling below eo’t to beat the-Australasian product out of the market. It has been suggested that Vesteys should be induced, by n bonus of £loo,ooo,'to take over the accumulated stocks of 150,000 quarters of old beef and dispose of them on th » Continent for the best price they will fetch. Whether it would be a profitable Investment in itself is open to question; the commission is a very big one. But there is not much doubt that the removal of old stocks of beef, as of wool, would be in the right direction. It is useless to suppose that even were the old beef out of the roa all would be plain sailing. Argentine . has great advantages in this compel ! ! tion, and the South American interests | will not be any more tender towards Australasian competition than they lir.ve been to others.