Report on the trade in refrigerated beef, mutton and lamb

Bibliographic data

Monograph

Identifikator:: 1800540760

URN:: urn:nbn:de:zbw-retromon-185131

Document type:: Monograph

Title:: Report on the trade in refrigerated beef, mutton and lamb

Place of publication:: London

Publisher:: Stat. Off.

Year of publication:: 1925

Scope:: vi, 65 Seiten; Ill., graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. From overseas pastures to british ports

Collection:: Economics Books

23 companies and to the farmers, for it is in this period that initial prices are fixed and the first real information obtained regarding the season’s prospects. Estimates of the probable total output are prepared in the Dominion by the various works; these and particulars of the conditions of the stock and weather are cabled over for the information of traders in this country, who, equipped with similar details from other sources of supply, are enabled roughly to forecast selling prices. The works once opened, the stock-buyers continue to buy on the instructions of their employers. As the animals are killed and dressed, the British houses are advised, usually each day, by cable. The advice, as a rule, relates to round numbers of, say, 500 or 1,000, and gives quality and weights. The freezing works are in close communication with the shipping companies at the nearest port and make freight arrangements for their actual and expected killings so that they are usually able to advise the month of shipment at the same time as the other particulars referred to. When their advices are received in this country, the parcels are offered to various wholesale firms, unless the meat coming forward is the property of a firm owning whole- sale depots in this country and is required for that trade. As the meat is sold on the basis of these advices, the works are informed by cable; if the meat is not sold, advice is usually given as to the best time for shipping, or as to the port to which the goods should be consigned. The freezing works are also kept advised as to the course of the market and furnished with any other relevant information, such as the offers or sales being made by competing firms. The freezing works reciprocate by advising of any changes which may occur in the Dominion, of reports regarding the operations of other freezing works, and of sales reported to have been effected in this country by competitors. Obviously, the methods pursued in any one case vary rather with the financial resources of the various companies engaged in the Dominion trade rather than with the type of trading organisa- tion. This can be readily understood, as a trader with small capital must be careful in a business which is so speculative as the meat trade. It is often said that it is impossible to judge of the success of a meat firm on any one year’s trading, but that at least three years’ trading must be taken. A firm with good resources will usually follow the market on both sides. i.e., whether the market rises or falls in the Dominion, they will continue to buy and process; when the goods arrive here they will continue to sell, within certain limitations, whatever the prices may be. A firm with less eapital could not afford to pursue this policy, as one year of bad trading might devastate its resources; on the other hand, such a firm to operate with success needs good judgment at its head, as dodging in and out of buying and selling is a most difficult trading policy to maintain. Indeed, it must always be the aim of freezing works to ensure that, once the works are opened. stock passes throuch continuously

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