BMITHFIELD MARKET
INCREASED PRICES PROBABLE. EFFECT OF ARGENTINE DISPUTE. draw Association— By Tolcgrsph—Copyright LONDON, November b. Smithfield is discussing the imminence of a considerable increase in the prices of chilled meat if the buyers fail to settle their differences with the Argentine Government, which fixed the minimum price of all exported meat, the result being a sort of buyers’ strike.—Reuter. A cablegram from Buenos Aires, dated October 20, stated: “The British and American packers have informed the Government that they will cease- purchasing Argentine beef, and the expectation is that all shipments to Europe will cease within a month. This action has been taken as a result of the passage of a law fixing the minimum price at 27 centavos for chilled beef cattle, 24 centavos for foreign beef, and 19 centavos for the Continental type. The packers do not object to the price but to the classification, since they have been accustomed to purchase whole herds. 'l’lve law would so seriously derange their methods of procedure that it would be more economical to cease operations. “The Government has informed the packers that it, regretted the law, but it would be enforced.”
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Otago Daily Times, Issue 19013, 8 November 1923, Page 7
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192BMITHFIELD MARKET Otago Daily Times, Issue 19013, 8 November 1923, Page 7
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