Evening star., 1923-10-24
U.S.LVE STOCK MEN
WATCH ARGENTINA
New Law HaIts Exports.
Cattle Raisers in Panic.
Larger Demand Likely.
BY j. C. ROYLE.

Special Dispatch to The Star.
NEW YORK, October 24.-Beef pro-
ducers, live stock dealers and packers
are watching closely the develop
ments of the situation which has
arisen in Argentina, and which al
ready is having a decided effect on the
supply of beef for Europe. Export
shipments of frozen meat from Buenos
Aires. which constitute a large per-
centage of the European fresh beef
supply, are practically at a standsttl
IL this condition continues for any
length of time it will have marked
effect on the cattle and meat markets
of this country.
A new law was recently put into
effect by the Argentine government
fixing minimum prices which. packers
or "frigorificos" must pay for cattle
for export This law, according to
the packing interests, the largest OF
which are North American, does not
differentiate between the price for
fat cattle and lean cattle, and FORCES
packers TO pay as much proportion
AteIy for the latter as for the former
AS a result they have discontinued
purchases and shipments.
Cattle Raisers in Panic.
This has thrown the cattle growers
of Argentina into confusion and al
most panic, as their market is de-
pendent largely on the sale or frozen
meat to the European consumers.
This naturally must affect the de-
mand for American meats tor export
because Europe must cat
This fact was fully born out today
by officials of the American tarm
Bureau Celebration, who said:
1T is to be regretted that any one
at the producing end of the 1--we STOCK
business has to face such sltuatloh
as that caused by the refusai Oh lne
hackers to buy South American cattIe
because of the law in question. vi
coure. we here in the United States
do not know all the details OF the
Sttua tion down there. 1t is taken Tor
granted that the Argentine iawmak-
prs know what they are doing wheh
thew saw buyers of cattle shall pay
the same price for heavy that they
do for thin stock.
u. $. Producers to Benefit.
"There is no question that Amerl-
can producers will benefit greatly as
n result of the situation, provldea ~
continues any length or time. me
same effect will be felt by growers
IN Australia, New Zealand and other
cattle-producing countries. For Eu-
rome must have beef and the most
of E,urope's beef always has orlsi-
mated in South America. In fact IRON
65 to S5 per cent of the South Amer
lean beef has been exported as com
pared with about Is per cent OF Nor1h
American beef. Under the present
circumstances the other producing
countries can pour their surplus into
Europe. and that should mean peter
prices here for cattle raiserS. Here
tofore the great American PACKERS
have sent preponderance OF pork
products over beef to Europe.
Arsenic Market Unsettled.
with the conference on the eradI-
cation of the boil weevil in session
at New Orleans, vigorously discussing
today the merits and dement's OF IN
secticides the arsenic market here
showed considerable excitement with
prices up and many stocks said to
have been withdrawn from the mar
ket Considerable stress is being
placed on the effort of the state OF
Georgia to obtain supplies of calcium
arSenate for resale TO Georgia farm
Grs at 10 cents a pound. Some deaf
ers are holding off for higher prices,
in case the supply available at that
price should prove inadequate for the
demand which is expected to be in
creased materially by the agitation
now in progress throughout the cot
ton states.