BEEF TRUST IN ARGENTINA.

Dominion, Volume 4, Issue 1054, 17 February 1911, Page 8

BEEF TRUST IN ARGENTINA.

• OHOW IT'^OXtKS-THE';MARKET. «; " , -fjifsk at present there is no great causafor-, alarm - concerning tho rumours of tho (; operations of the American Beef -Trust" in i tho 'Argentine.. If: tho trust "obtains i' kooAtrolliop influence affecting. the British .liarjcifts New Zealand's trade may suffer, y Mit : the, trust: has not.i apparently,' made •,muoh advance yet, and-it is reckoned in jtbisjeountry that immediately tho Argeni tine: 1 .; to'feel its clutch tho BeGovernment will oust. the ope- •! ratorti;. ..NeverllKless news'of what ex- - j*rts ; !think-about tho subject is always : interest. An article iu tho '!Rsview thp River Plate" of November 4, deals -'..with the progress of the trust, and spates: 1 l'he "Buenos Ayres Herald" in its Sunday's; issue published a lengthy telegram '.fTomyiortdou-'in ofinnectiOn with' the of the Antericqn Beef vTriistixThe messago commenced with tho sentence' According to expert ' opinion, .tho English meat-trado with Ar-Jgiritiiia-is doomed.' ; The trust,; having•'ffikd t to' purchaso the existing works' .(owiiedi'.by. English- 'capital.' has now en- ; :tcred'jiupon a-new plan ■" of campaign, rWhich'Kas for its object the swampmg of iXtße liondon'fmarket.'. B.v this means it fis hoped* to. jno&e; the\holders v of shares 'l <eompanies sell out;'thereby en- : abliigi'thei"trust."to obtain a'controlling •intereiit.-fj'.The- newi.coiftracts.mado'" With i al'Oir&ia - company. and the trust' have ''enabled s the latter, to - have/two .con- | Vagnmonts arriving ■ weekly. 5 They: are nc- : cused:!ofusing English • capital. in one / jdirection; to'.'-swamp > English ■. > capital in Vanother direction: . Referring; to thereJoint'-: high' prices- paid at the; exhibition i.sales,'* the states -that'this was :,<p»rt-.0f..tb0 plan' to gain. over, tho :cstanthat bj' paying occasional good ■ tpiriccs;■ the /Americans 'are" pleasing the -Urgetitmp •"•'.ptoduMrs, :. and- by Selling i'chwplj;'in 'the London market-they are delighting - the public.'"'. This state i of si affairsf w\U not 'be allowed 7 to. continiio \ fof .exeri .'. The -Artierican- is' working"' for [N' great end. 1 As soon as they.have, by £,tho conduct of this campaign of ruinous forced the English traders : ;iri 1 Argentine-,to sell their works, tho ,-'j!plan is; of ooursc,' to sell at. high prices ' in London.-and' to' buy - cheapl v in' Arvigentinn. Expert opinion,ia to tho effect is.io.ohanco in sight of the English;- companies r making a successful ("fight;against the* Americans; the 'directors ' of-the jEngiisb companies will be, obliged i"tO; ! consider the,shareholders and will bo dutiable in tho same imanner as the' American 1 firing which .are ?; raid to .bo spending hundreds of thousands fi of . pounds ,jn , order, to gain their [end.. tad . they hopel to obtain'within-five ■ years!' 'It is .further stated that - the vAinericans' 1 also intend,' to' capture; tho "ilocnl-trade .and have sent out'a manager end> in>view. - Thisv - will cer..bivo.;a, large .field, before them in; \ Buenos -'Ayres, ana. the public/- will welcome! tbeir advent, at all ovonts for somo ';fime,'-; ns *,we could-.not be paying, more v'«th'an: ,wo:,are.; at;.present .for, meat, of- in:hiid' if' they 'did' 'succeed •i'ip-f finally'' capturing ' the local' market, 'we'think.that the authorities would take , precautions to prevent "{W&VrorlHag tt detrimental to.the genei;'Tal interests. ' .The outlook'is «aid to be ;?gftre3ffor. '. bith ..the , English j.oonsumers ,the Argentine breeders. .Both'are gaining.' at' the' momfcnt,' but are -beta* Sallowed.: to do so on. tho principle that ic'gWo'ift' mah sufficient rope and be will f haiig himself.'.; Whilst agreeing in parti with -the 'opinions vouchsafed by the exports,s it'o think that tho situation is not riquiti'as bad-or as. pessimistic as it is 'i'nairited.: The fact niuit not be .overlooked?', that Australia'has a strong hold inponi.the English market, ' and-ai ;yet CtKit'ttanfty-U only commencing to send' '.chilleS'beef to London. " The experiments ißiSfarVhave not betn a failure, but in ? course'!,of time , they niny .be considerably '•JmproVed; then Canada lias to bo taken 5 into conrideration." AS Tegards the ship••ments'from .the United.,states, these can ibi' -toft: fine'-.side,, as year. by. year Fthe-shipments 'from.'that country are be-. ; ;c9Dtti6g; lessJ' r dUe to-Honio requirements."