Salt Lake Telegram | 1928-01-01 | Page 20 | Business Horizon Cloudless, is View of Armour Co. Head

r Business Horizon Cloudless Is View of Armour Co Head CHICAGO CHICAGO- Dec De 31 CAP The CAP The A-The The 1928 business ho horizon izon a as surveyed from rom hs his lookout in the tower of offices of- of flees of Armour Amour Co In the tle center of the Union stockyards appears appear without a n cloud to o P. P Edson apper White president of ot the great geat packing plant which which postwar postwar conditions changed from a owned family owned tt to a public public- o owned industry Livestock farmers farmer have about about recovered from the effects of postwar post post- post post- war wa-I. wa deflation ni Mr White Whito told the Asso Associated Press though cattle catte are ar near nea the low point poInt as regards num man bers He Be le added ade that that cattle prices are areat ar at levels level which promise premise adequate supplies supple so high In fact that there e ther is some dang danger l' l of ove overproduction unless feed feeders rs are ae cautious He views the promise of sales Inthe inthe In Inthe the United States during doring 1928 as asVery asvery asvery very good go and sees no threat ofa ofa of ofa a letup in a presidential year yea Meat Is 1 an essential part of the diet he ho said and whenever in industrial industrial in- in dustral and business conditions permit permit the demand for meat is strong The white haired haIrd young president of one of ot the worlds world's words word's greatest properties properties prop prop- ertes was brief in discussing n an in epoch that tat Is past that past that pat that ruino ruinous s period pe pe period nod of postwar transition For several years yeas very vey heavy losses were sustained while inventories inventories tories tries were brought back bak to normal normal nor nor- mal both bh as regards size and value he explained Higher levels levels lev lev- els of costs costs both both operating and selling sellin-res sellin re resulted le from expansion of plant capacities and constriction ot 02 outlets forced on the Industry by byte bythe bythe the te government when the slog slogan n was Food Fod will wil win the te war war I Postwar conditions particularly the th called so-called so-caled so to mouth buying buy buy- bIg ing in policy he said have brought more rapid turnover He Ho has n no panacea to offer for agricultural l ills but he believes agriculture is largely large large- ly dependent nt upon the livestock In in- in You see see he went went on Am American Amen Ameri i- i can cn agriculture is founded on live live- lve c Y 4 4 F. F F. F EDSON I stock for a large portion of the tile annual annual annual an an- nual harvest would be he valueless ex except except ex- ex for fr the fact that cattle catte thee cheep and hogs can cn turn it into meat meal Thus it is that we always have a supply of meat animals overt even in years yes when prices are not alive Right now livestock k of most varieties is earning profits for fcc th the producers and and there is every reason to durIng durIng during dur dur- expect adequate supplies ing 1928 1028 FOREIGN COMPETITION K KEEN EN I IThe The United States States has has has' found i it Impossible to compete with wih Argentina Argentina Argen Argen- ArenI Aren- I tina In the exportation of beef beet Mr White said and nd of ot late prices on American pork porle products hav havo l ben been benat en enat at such levels as to encourage keen competition from the Hie hog growers of Ireland Denmark and Holland Holand with those countries now supplyIng supplying supply supply- Ing a large share of the trade for formerly merly supplied by the United Unite States state But he concluded hopefully the te livestock industry industry gradually is gearing itself isel so as to prosper through serving the domestic market market mar mar- mar ket regardless of the conditions it i finds abroad