MEAT FOR THE CONTINENT

Manawatu Times, Volume LXIX, Issue 2565, 24 December 1924, Page 9

MEAT FOR THE CONTINENT

ARGENTINE’S LARGE SHARE.

“Conditions on the Continent of Europe have recently been more stable.,” said the. chairman of the Gear Meat Company, Mr W. IT. ’Milward, at the annual meeting of shareholders, “and as a consequence, several shipments of second-quality beet have been mad c to various points, and there, is a prospect of a continuance. Most of the business wa a done with South America, and the enormous expansion of Argentine exports to meet this demand has astonished even those well acquainted with the trade, and is eloquent evidence of the resources of that country.” Last season opened with the keenest competition from all sources, ana high prices were paid for sheep and <|imli3, continued the chairman. After the early shipments it was found difficult to do business on c.i.f. terms at remunerative rates, and from January onwards, values fell considerably. and forward business was out of the question. Lower prices, however, resulted in increased competition, stocks became lessened, and a s a result satisfactory prices later eventuated. The company’s strong financial position enabled it to hold a gieat part of its consignments over the unfavourable period, and thereby to obtain full advantage of the improving situation.