First Hungarian pig fattening ltd
The First Hungarian Pig Farming Joint Stock Company existed between 1869 and 1911, and with its pig farms in Kőbánya, it maintained the largest pig market in Central Europe. Its development continued uninterrupted until the turn of the century, when it lost its importance completely, first because of the pork famine (1895) and then because of the politically motivated customs war in Serbia. The joint-stock company, which lost its importance for these reasons, was finally wound up in 1911.
The First Hungarian Pig Fattening Joint Stock Company was established in 1869. The fact that the pig trade and pig fattening was one of the most important commercial activities in Pest at that time contributed significantly to its foundation. The local centre was Kőbánya, where the first pig-fattening farms were set up as early as the time of the Revolution and the War of Independence. The First Hungarian Pig Fattening Company had between 100 and 130 thousand pigs in its stables, with an annual production of between 600 and 700 thousand pigs (the record in this respect was set in 1894, when 904,710 pigs were raised).) It is mainly thanks to the joint-stock company that Kőbánya was the most important pig trading market in Central Europe in the second half of the 19th century, and was world-famous for its exemplary fattening farms, its sanitary facilities and its logistical links (railways). In addition to the numerous water wells, the accommodation facilities were equipped with water supply, food stores, two steam mills and hostels. The growing export turnover of the joint-stock company is shown by the fact that in 1877 the plant was extended to the Üllői road, making it capable of accommodating 180,000 pigs. From 1883-1884 the name of the joint-stock company was changed from the former and First Hungarian Pig Fattening and Loan Advancing Joint-Stock Company to First Hungarian Pig Fattening Joint-Stock Company. This is evidenced by the fact that the national pig show was held within the premises of the joint-stock company in 1885. The development of the joint-stock company was uninterrupted until 1894, as is shown by the change in the profit measured in Forint over time.
The construction of a railway on the south-eastern outskirts of the capital for industrial purposes to serve the pig farms in Kőbánya contributed significantly to the development. To this end, MÁV set up a separate wing line in this direction, including the Kőbánya-Hizlalda railway station. In addition to pigs, the industrial railway also transported fodder, manure and sand. The prosperous business was blighted by the swine fever of 1895. This destroyed the pig fattening in Kőbánya to such an extent that the production was reduced to between 100 and 200 thousand pigs. By 1906, the latter was almost exclusively supplied by Serbia, in addition to the former domestic market and Romania. For political reasons, the first years of the turn of the century also saw the end of the Serbian market. This was due to the outbreak of the tariff war between the Austro-Hungarian Empire and Serbia, which began in 1906 and lasted for five years. The Monarchy's aim was to suddenly close its market to Serbian goods, since Serbia's foreign trade was almost entirely linked to the Monarchy, forcing Serbia to its knees. However, the opposite happened: Serbian agricultural exports did not decrease during the years of the tariff war, although exports to the Monarchy fell dramatically. Thus, the tariff war was more detrimental to the Monarchy, and the tariff war, which was called the "Pig War" because of the cessation of trade, mainly in the pig market, also helped Serbia's economic independence. The share price of the joint stock company fell during these years as a result of this process.
The Kőbánya pig market closed down in 1916, having become unprofitable due to steadily declining profits. As a result, the joint-stock company was dissolved in 1911 and liquidated in 1912-1913.
Sources
József Galántai: The First World War. Korona Publishing House. Koron Korona, Budapest, 2000.
Great Hungarian Compass 1875-1911.
Press material 1869-1916.
Date of foundation: 1868
Date of cessation: 1911
Founders: Mór Adler
Securities issued:
| First Hungarian pig fattening ltd |
Decisive leaders:
1879-1901 | Mór Eagle |
1902-1911 | Lajos Tolnay |
Main activity: pig trade and pig fattening
Main products are not set
Seats:
1896-1911 | Kőbánya X. district, Accommodation utca 7. |
Locations are not set
Main milestones are not set
Author: Róbert Szabó
Date of foundation: 1868
Founders: Mór Adler
Decisive leaders:
1879-1901 | Mór Eagle |
1902-1911 | Lajos Tolnay |
Main activity: pig trade and pig fattening
Main products are not set
Seats:
1896-1911 | Kőbánya X. district, Accommodation utca 7. |
Locations are not set
Main milestones are not set
Author: Róbert Szabó
First Hungarian pig fattening ltd
The First Hungarian Pig Farming Joint Stock Company existed between 1869 and 1911, and with its pig farms in Kőbánya, it maintained the largest pig market in Central Europe. Its development continued uninterrupted until the turn of the century, when it lost its importance completely, first because of the pork famine (1895) and then because of the politically motivated customs war in Serbia. The joint-stock company, which lost its importance for these reasons, was finally wound up in 1911.
The First Hungarian Pig Fattening Joint Stock Company was established in 1869. The fact that the pig trade and pig fattening was one of the most important commercial activities in Pest at that time contributed significantly to its foundation. The local centre was Kőbánya, where the first pig-fattening farms were set up as early as the time of the Revolution and the War of Independence. The First Hungarian Pig Fattening Company had between 100 and 130 thousand pigs in its stables, with an annual production of between 600 and 700 thousand pigs (the record in this respect was set in 1894, when 904,710 pigs were raised).) It is mainly thanks to the joint-stock company that Kőbánya was the most important pig trading market in Central Europe in the second half of the 19th century, and was world-famous for its exemplary fattening farms, its sanitary facilities and its logistical links (railways). In addition to the numerous water wells, the accommodation facilities were equipped with water supply, food stores, two steam mills and hostels. The growing export turnover of the joint-stock company is shown by the fact that in 1877 the plant was extended to the Üllői road, making it capable of accommodating 180,000 pigs. From 1883-1884 the name of the joint-stock company was changed from the former and First Hungarian Pig Fattening and Loan Advancing Joint-Stock Company to First Hungarian Pig Fattening Joint-Stock Company. This is evidenced by the fact that the national pig show was held within the premises of the joint-stock company in 1885. The development of the joint-stock company was uninterrupted until 1894, as is shown by the change in the profit measured in Forint over time.
The construction of a railway on the south-eastern outskirts of the capital for industrial purposes to serve the pig farms in Kőbánya contributed significantly to the development. To this end, MÁV set up a separate wing line in this direction, including the Kőbánya-Hizlalda railway station. In addition to pigs, the industrial railway also transported fodder, manure and sand. The prosperous business was blighted by the swine fever of 1895. This destroyed the pig fattening in Kőbánya to such an extent that the production was reduced to between 100 and 200 thousand pigs. By 1906, the latter was almost exclusively supplied by Serbia, in addition to the former domestic market and Romania. For political reasons, the first years of the turn of the century also saw the end of the Serbian market. This was due to the outbreak of the tariff war between the Austro-Hungarian Empire and Serbia, which began in 1906 and lasted for five years. The Monarchy's aim was to suddenly close its market to Serbian goods, since Serbia's foreign trade was almost entirely linked to the Monarchy, forcing Serbia to its knees. However, the opposite happened: Serbian agricultural exports did not decrease during the years of the tariff war, although exports to the Monarchy fell dramatically. Thus, the tariff war was more detrimental to the Monarchy, and the tariff war, which was called the "Pig War" because of the cessation of trade, mainly in the pig market, also helped Serbia's economic independence. The share price of the joint stock company fell during these years as a result of this process.
The Kőbánya pig market closed down in 1916, having become unprofitable due to steadily declining profits. As a result, the joint-stock company was dissolved in 1911 and liquidated in 1912-1913.
Sources
József Galántai: The First World War. Korona Publishing House. Koron Korona, Budapest, 2000.
Great Hungarian Compass 1875-1911.
Press material 1869-1916.