THE BEEF TRUST’S TACTICS.

Gisborne Times, Volume XXIX, Issue 3252, 24 June 1911, Page 9

THE BEEF TRUST’S TACTICS.

AN AGENTINA VIEW.

The following concerning the American Beef Trust is from the Buenos Ayres “Standard”: “Realising that the time was ripe for giving its competitors the ‘coup de grace,’ the trust is now flooidng the London . market with Argentine meat, which is being sold at a loss. \\ lien Smithfield, the big London meat market, can take care of 30,000 steers a week, the Trust is now dumping 60,030 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 lose thousands, and these companies, after struggling a few years more, and after their boards of directors have assembled a few years and declared the ’fatal ‘no dividend,’ the shareholders will either sell out to the trust at The trust’s own figure, or go out of business and thus the trust, after spending and losing millions of dollars, will have reached its aim in the, Argentine, that is stiflling competition and controlling the freezing industry from the time the animal is born on the estancia until it is sold in London to the retail butcher.” - ; '