Page 6 Advertisements Column 3

Taranaki Daily News, 15 July 1921, Page 6

From American papers it is evident that the United States meat-packing firms, in common with those operating in other countries, have been hard hit by the slump in values of tinned meat, hides, tallow, and wool. ’Die January issue of The Producer, in commenting on . the position, says: —“Cudahy made the initial report on 1920 packing opera - I tions. The figures were even worse ' than expected. During the next thirty days the other big concerns will acquaint their stockholders with the result of last year’s business. That losses have been heavy is an open secret. Packers are carrying enormous quantities of hides, wool, and by-products at burdensome cost, and paying exorbitant interest rates on large sums of money of necessity added to their working capital reason of increased cost of live stock, high wages, and inability to realise. The year 1920 was the worst since 1007 in the history of the industry. Packer securities have slumped in consequence. Swift’s common stock dipped under par in December, and Armour's preferred went below 80. Cudahy’s common has been flirting with 50 since the dividend was passed; VV-Hson’s preferred touched 80; and the common 35 bonds have depreciated in sympathy with stocks.” H. J. Abram. “Simp by Post" chemist, ' New Plymouth, will mail his renowned I Chilblain Application, 1/0, post free.