Trusts in British Industry 1914 1921 a Study of Recent Developments in Busines
Trusts in British Industry 1914 1921 a Study of Recent Developments in Busines
John Morgan Rees
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For the Southern Area the prices * Cmd. Yeast, 1216. THE CHEMICAL INDUSTRIES 155 are slightly higher, being is. 2d. Per lb. Up to two baskets, IS. Id. Per lb. Up to five baskets, with a slight drop according to the number of baskets taken, e. G. Five to ten baskets cost 57s. Per basket, ten to twenty, 55s. , while twenty and more cost 54s. The grocer's prices are not fixed by the Association. His margin of profit varies as he sells in ounces and it is never large. Often " he sells merely as a c...onvenience to his customers for flour and at cost price. " ^ Distributors' margin was 41 per cent, pre-war and 39 per cent, post-war. Wholesale profit was about 14 per cent, pre-war, and in 1919 a little under 10 per cent. — this to the wholesale merchant only. There is no possibility of the dealer selling below the prices fixed by the merchant ; if he did he would fail to get supplies. Maximum prices are therefore fixed by the merchant and become minimum prices to the consumer. " The dealer, who has to pay the merchant a price which gives the merchant a profit, is compelled to sell to the consumer at the same price as that at which the merchant is selling, i.
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