. The California fresh and frozen fishery trade. Freshwater fishes; Fish trade. Retailer Price. 5 10 15 20 25 30 35 40 45 50 3 -i 1 1 1 1 1 r- 23 28 33 38 43 48 1 11 16 21 26 31 36 41 1969 Fig. 11. Eastern scallops (raw, frozen): Broker and retailer price per pound, weekly, 1967-1969. Source: Los Angeles broker records and major national retail chain records. chase price would have a more stable pattern than suggested by the broker price. Clearly the administered retail price, whether yielding an adequate profit to the retailer or not, has a long lag in signaling increased demand or re- duced
. The California fresh and frozen fishery trade. Freshwater fishes; Fish trade. Retailer Price. 5 10 15 20 25 30 35 40 45 50 3 -i 1 1 1 1 1 r- 23 28 33 38 43 48 1 11 16 21 26 31 36 41 1969 Fig. 11. Eastern scallops (raw, frozen): Broker and retailer price per pound, weekly, 1967-1969. Source: Los Angeles broker records and major national retail chain records. chase price would have a more stable pattern than suggested by the broker price. Clearly the administered retail price, whether yielding an adequate profit to the retailer or not, has a long lag in signaling increased demand or re- duced supply when compared with the competitively determined broker price. Also, as the gaps in the retailer price sug- gest, the retailer's central buying office did not handle any eastern scallops, in one case for a period of 18 weeks. Imported products and cold storage holdings are linked because both can be used (a) to add to supplies of fish avail- able to the California market or (b) to withhold supplies through delaying im- ports or adding to cold storage, thus af- fecting both current and future market prices. The only price data available on many imported products are the weekly quotations from Los Angeles brokers (Terminal Island, Fishery Market News Report). Once again, these reports show stability for many weeks at a time with price being adjusted to a new level rather than constantly responding to changes in supply. This reflects, in part, the arrange- ment by which brokers finance small for- eign producers and buy their output at a prearranged price. In the period studied, brokers did not seem to have been pre- vented by competitive forces from main- taining a fairly stable price on products such as crab and shrimp that were in short supply. It remains to be seen whether this would hold true in a period of demand less buoyant than that experi- enced from 1967 through 1969. This sta- bility of price at the broker level does make it easier for wholesaler, retailer, and re
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Keywords: ., bookcentury1900, booksubjectfishtrade, booksubjectfreshwaterfish
