BEEF TRUST.

Dominion, Volume 2, Issue 528, 8 June 1909, Page 7

BEEF TRUST.

WILL NEW ZEALAND BE AFFECTED? AUSTRALIAN TRADE. ';--V- NO SIGN YET OF AN INVASION. !HT TKl.fcuitArii—ritEss ASsucfAThiN-ein ykiyiit.i :,' ".■'•.... v ■■■ -•. ■■..'■•• Sydney, Juno 7. \An . authority. on the meat trade says it is Wflll kllown that tho''American'Beef'-Trust ■has been trying for some time.to buy up the Argentina .meat concerns) but'.' nothing . is known of any attempt on tho part of ihe combine to extend its Operations to Australia, ' AftGErltlrJE OWNERS AND YANKEE .; ; '.;' .;; WOOERS. A"l)ttily .ifail" cablegram in yesterday's issue stated that the ■■•Chicago Beef Trust was considering fthethef it should biiy the Argentine llleat Cqiieerhs at'their bricc, or crush them by direct competition..: The cablegram added that the. , I rust Was making' inquiries in Australia ami, Netv- Zealand with a view to controlling Australasian; supplies. . ■....•■ .."Ma)'-become a danger, but not just yet." Ims is the. spirit of the somewhat noa-com-iillttal-Vcpdrt on ' this AnieHcan Beef' Trust' Inad« by tins Departmental Committee of the Board of Trade; which Was appointed, under tub (Shaifinmiship of Lord Robert Cecil, to in"qUiro.;how far and in what niannei' the jreiioral Mipjilvi distribution, and pride of .'meat of ■tlw. United Kingdom are controlled or affected I bra combination oi firm's or conipanies. : .Inefcotiiinitceo. reports that a combination of the Htinlffioiid,' Arinoiir, Swift, arid Jlofris ctfjfipaniM-'-df. Chicaso is not a serious danger at prcßCiit, but that those'firms appear to bo biiubaraUring'-.'ta acquire controlling;. ilitercsU in Argentina) also inquiries are being made V United States firms in Australia, and New Zealand. Tlia estaneieros of Argentina are .op.vSaiiys; the .United States', iiivasion, fearing that-thertriMi/of t)«lr Battle' will be affected iil thd'abseilce of coiuUetitive buying, but tho ArgonHiie ...fnilw'ays coiiyergins on'-Buenos Aj'MS'W*' ilot'/tirifdY&tiv&bli to that •. iriVhsium A;-combination, though not liltoly to arise in the. near future, if it: succeeds, jUay eioroise a : . determining v influence on beef • prides at Siiiithfield; and largely affect prices in Great , Britain, ■':.;•:. :■-:;■ :•■■- •■■•"' v : ...;'. ■ '■ Eviden66 that' United States fifiUs' coAtrol tlld Canadian live battlei trade.is, ill the tibinmiti left's fjpirtibn, tbb vague 16 allotf of a definite ijpinioni , :'. ', :■'.-. ■ '-.;. ■. ■::.■•■ -'■-. .■_■■■; ■■

:■ ; NO SIGN OF A "OOUTROI.'i , -.', dO-OPiiB ATION NEEDED TO: MBIST ;■'/■:■:; ;■■?;;^/t-COMPMITIdN.■■•;:, V-: ''■■■ (fit. TBr/EdßApii—ritEss 'ABSociATioij,) . , :■■:'■:''■ •'■■'• - ; ■'■■; ; ' : . : CnHstoliltrbn,- Juno 7. ; : Inquiries made rtftldHg" rdilrdseilta'tlVeii d the Canterbury-ffeezing.comiJaiiidS atid niea Gxportihg. finiiS .tb^day- , failed to eli6ittlltl anything line! 60 fai'itfarisJjiM to : '§ttpf)brt:ili' statement'by ..tlieNoffiYoric cbfteSpohdeUt o tho"Daily. Mail* , , ;that the Beef iTfUst, .frhie] lias acquired lafgo int&rfiet* in the, Argelitihß ,wae makilig inqtiiWea' in Auetralii Mid Nfev Zealand with.a view:to the supplies of'thdsi countries, beiiig cpntrdlldd : by.tho •ti'ttstiBrltish Capital In Afgentih&i, : ' ■It \V6.s statefl ,bj tho genystncil set* ttlft. .it.Had been a-.matter df cttiiimoti knoivlecigi frii 1 some tlnie that the Beef TrilSt had .beel SBrcadihgitS terttaolfts ill tnb" : Arg6ui|no;- ani t-liat it'Jiaa .obtallied cblltipl of ttfft : larg iiatiV6:ii«Wtuti6*sV 'There "istiirrfcffldlhEd .however", ;fivoiothef coiiMfhs, .tlifee'':'beili: by Drl Weh SllßreholdefS, ■ ;Theso .two latto. \vef< James Nclsqn> and ,S6ii& ilinl" th 6 Afijoiitilil Freshf-Mcat -qejngariy. -. Both ef thtTsc 'Mi shops in.. Varies barte bfthovOnited King dOfflj and. dealt directly With thd cbnsUftierS ,It ; .waS;regardedas:dJrtr&mely dolilttful thai Americams'should b&ablo' to buy . iitlt 'thl cbinpaliioS-' naked, nhtJ It ffas tlw«<rht ni6ri pi-6b.ibld'.tliati;recaufte -froiild require to bt had to .the. .eicjiedibnt : of ; dflishitig ~bl , diredt. liompetitiori, -: British capital Is'vstAtei to';_bo."largelyjc*epresented in the three-re-maining, Argentine-owned companies, and the Beef, TMlstyilay not even bb able to acquire a struggle."■ ■ .-'"•: .•:.-.■.-■.'.■ Corn9red. Bebfrr-and';Muttoii?.- .', i '■'.''.-. ' of theAWst,-It is , surmised, is nol so muoll.to.captUfe the mutton trade as the beof ted.B..'« it can ieoUto the ffeinalnlng Argentine' WOfks, 'tlio TrtiSt W ill have'practiS' ally tile beef industry &fc the wdrld'Undef its oofflfttaiid..wThe'6(ily. sel-ioUs/competition that . i3l kely to' be; , qrfßfed Is: by Quefensl&hd, but ' ai the; beef/.trade'.there is only in itsihitiaJ Stages,. tllfi.l'l'Ust. ctiuld Ivoll :atfoM'to- igh.on . fiValryifom. that, 'partervfor. some tiffio' to ;eorae., It- Iβ..foafed._by. Soifie,- oh the. other ■hatld, ihat.AnicHcail elitefbriSo in the Ai'gentme may avWr.torsei'loUsly prejUdiffo tho Stafiduig: of -mfr; , .Zealand .muftoii and iainb ill tho liie'Argentine arti- • 01ej... ft .;iS-Minted ■ dUt, haß wonderfully im-pi-oVe-d. ef. latA yea/s,. Ufltil tiW mutton from til at couHtfy , Is' Winost, inaistiiiguisioble in ■ appearande ffdffl Nfew Zealand muttoii,.. As a ef fflst, the. ffiargih of. difference- in . pHtf ;iS e!MaUa.llv receding, and it will not be long; b§fore..the, beet■Argeilt.ihd'. iriiitton f^ 6 Island (jfew Zealaml), • 'IJlo-kcbfiness bf, South Afnerlcai com. petitidii resulted in; North Island grotve-% ■ 'ift i¥ ■' iri Prefefcnr.6 to' sheep, while, s rice the Infltlerice of tlio Ohlcago firm d| gwifts. begali' to assort itself (as o resuJt of ~-theli'-.; acquir'iJigv. the ;- La Plata Compaliy), Argentine, cutting' is i lamelv ntioll, .•-•.tae-:.' lamb trade as ' well, lit is ttgardea, as" certain that If the'Tmst acquired cftntfol of the Soiitli American freezjhg companies' would bb faeed ,*it]l...fi.:blgger. problem than over $%S-i h s mi: &^ c h th lsolid front that, Rested. .that all tho New Zealand companies' s"]ioUld,b-e represented at Home by & slngld.. office,, arid that somo sort of wofkiilg. afftUieemerit.- be entered' into in mM pMto Applies on the market S ,« P A.^-H Vo 'r' dl3a3trollS -"nnlbadings". at UUfBv6UI > ablo. : tifflea.r..."':. -~ v • , . Monopoly in UM Zealand.Uhtikeiy. ! ,In any case'it is not regarded as-at all possible that the Trust could buy out New Zealand coitipiiiliea. In the first ilkcu, it is pointed out; that the ; temper of the pfeolile wou d not beriiut any such proceeding and would-find expression in legislative interference with sUcn a.propositi: -i Further thai) WiaV evdn supposing-tlio Americans obtained posßdssiolidf noto Zoaihild freoziiig interdsts , their hist step would bo to reduce tlie pr'ieu otsUpphes butchased -frdin the fartners. The pfobablo immediate effect of this would bd that .the-, farilluts would rdtaliato by stal'tlim Wing,wofks' of ;their own, a.nd if the iniSt ueeired to l'etaiii its.monopoly intact it wouldjiave-to gd oil buying Up factory after factory, Indafillltely. Tlio oplniolia of those Hltorviewed _by .a heivspdper- representative point, to .the/necessity of mors effectively meeting American competition oii the London Tf, r *hfttt is how possible (ly the action oi lib Various companies Acting .indepeiidontly of each other, Tlie greatest demand at Homo is for the cheapen tlasscs of frozen fi l Oa fi,i"^i- e i. ,lt i!! a,, imving 6e .du'?usly cultivatod th.lt ;. tl-add, libtv bractidally tfohii- 1 nates the mutton market. >Vhcther it will bo successfulin cap tilling the lamb trade as well vTh" 8 I r f^ 1 doubt strdng efforts v.ill,be eicrted in,that direction., Configuration; . ' ' Tfi 9 t' o 4ga^8 - .' th e.P os "Wh'ty of tho Beef tin nl ■ •^ lnng ri N °T. Zeaiand companies the physica configuration or the Dominion is quoted. Tho Beef Trust Owes its success to tho. fact,of its-boing able to; focus siu> phes of raw matori.-.l for treatment iii io ;i Jlii.il.u- of this. Mich a policy n du ld bo impossiblo in Aew Zealand unless tit "reat expense. It is regarded a.s imperative for tho successful pursuit of tho industry to' retain tho present lengthy chain df isolated freezing works stretching practically from one end of Now Zealand to the other