THE BEEF TRUST'S TACTICS

Dominion, Volume 4, Issue 1155, 16 June 1911, Page 8

THE BEEF TRUST'S TACTICS

AN ARGENTINA VIEW.

n -Ts e J" I ' lo / 1 '? 8 - concerning the American "Stan'dEd":- m th ° BnCUOS Ayrc "

Realising .that the 'time was ripe for giving iU competitors tho 'coup de grocc,' the trust is now flooding the London market with Argentine moat, which is bein* «old at a loss. When Smithfield, the biS ™°™l°\ meat market ' Mn take care of 30,000 steers a week, the Trust is now (lumping 60 :( 000 steers with the object of bringing down the price. Their competitors must do the same; but where the trust, backed in America by unlimited capital; can afford to lose 'millions; the other companies, owned in England by conservative Britishers, cannot afford to iose. thousands, and these companies, after etruggling a few years more, and after their hoards of directors have assembled I- -i w >'*'} rs , antl declared the fatal''no dividends, the shareholders will either sell out to tho trust at the trust's own iigure, or go out of business and thus the trust, after spending and losing raillions ot dollars, will have- reached its aim in the Argentine, that is stifling competition and controlling tho freezing industry from the time the animal is 'born on the esfancia until it is sold in London to the retail butcher."