HEAVY MEAT TRADE LOSSES.
Australia and New Zealand were not alone In finding 1921 a disastrous year for the meat export trade. The accounts of Armour and Co. show a staggering loss of 31,700,000 dollars on the year's transactions. About 600,000,000 dollars' worth of business was done, but the sales were 50 per cent below those of 1920. Tils year there Is a difference between the . American case and Australasia's. Armour and Co. have overcome their difficulties with shipping freights, and secured at the same time a reduction of 25 per cent In their wages bill. Freights remain a problem here, and operating costs are still high. "*■"• J - Ogden Armour, in a recent address to the shareholders of the Chicago company, ■ th ** its h""*"*"* bad been completely SrW °£'„ S"\ d wlth Btock inventoried at current market rates there was every
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Bibliographic details
Auckland Star, Volume LIII, Issue 86, 11 April 1922, Page 6
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140HEAVY MEAT TRADE LOSSES. Auckland Star, Volume LIII, Issue 86, 11 April 1922, Page 6
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