THE BEEF MARKET.

Wairarapa Daily Times, Volume 48, Issue 14624, 25 March 1922, Page 5

THE BEEF MARKET.

DEPLORABLE POSITION. WAR OF PRICES. (Received Saturday, 9.50 a.m,.) LONDON, Friday. In an interview with the Australian Press, Sir John Elder says that the principal causes of the present deplorable position of the beef market is the war of prices between the Argentine exporters and tho flooding of the market with Argentine meat. ! Until quite recently the Argentine shippers’ losses had been colossal. If the present reported endeavours to arrive at an agreement are successful shipments will be considerably decreased immediately", and prices rise. The removal of Vestey’s 125,000 quarters would relieve the market, but the effect would be only temporary. If, he said; shipowners reduced freights by, id, per pound, and the Australian Government gave id bonus, it would undoubtedly greatly help the producers, but the bonuses and subsidies aro only expedients, and something much more drastic is required. Sir J.- Elder suggests that the British Government should be urged to enforce immediately the recommendation of Bridgenian’s International Committee on Meat Supplies in 1919, to grant licenses to all meat importers. Thus it would be possible, to control arrivals here and prevent a continuance of the dumping of foreign meat, which is a serious menace to British producers, not only here but throughout the Empire. —Aus .and N.Z. Cable Assn.