Barclay Perkins financial results 1917 - 1939

That'a another real click bait title. I don't know how I conjour them up.

It was a wet weekend in Amsterdam. Very wet. Persistent rain with the odd burst of stair-rods and occasional taunting splash of sunshine. Not much to tempt me out of doors, I got stuck into some research. The hands dirty, back-breaking type of work. Looking for financial reports in the newspaper archive.

It's not what you'd call exciting. Not particularly difficult, just time-consuming and tedious. They're not hard to find. Companies issued their annual report on pretty much the same date each year. What's annoying is the inconsistency of the figures they report. Sometime the gross profit, sometimes the net profit. And sometime they'll say it's the net when it's really the gross. Sorting out which is which isn't a barrel of laughs, either.

But I think it's worth it. Because it's told me quite a lot about Barclay Perkins as a company between the wars. The most obvious is that they were financially healthy. That helps me to understand how, despite falling output during the 1920's, they managed to remain an independent company. This might help to explain, too:

"Brewery Share.
The capital of Barclay, Perkins, Co., the London brewers, was originally in Ordinary shares of £100 and Preference shares £10 each. In 1911 a reorganization had to be arranged, and the Ordinary shares were written down in nominal value to £1 and the Preference shares to £4 each. There are 10,200 £1 Ordinary shares in issue, and are mostly held privately. Occasionally a few shares come to the Stock Exchange and at the moment 20 shares are available, for which the market is asking £97 10s. per share. Last year a dividend of £8 per share was paid. This accounts for the high price asked for the shares by the market, but it should be realized that this dividend is equal to 8 per cent, on the original capital."
Western Morning News - Saturday 26 June 1926, page 9.

With a small number of shares, privately held, it would be extremely difficult for an outsider to control of the company

Here are all the figures*:

Barclay Perkins financial results 1917 - 1939
Year	operating profit	net profit	brought in	carried forward	dividend Ordinary shares	to contingency reserve	contingency reserve	to provident fund	barrels brewed	net profit per barrel
1917		£150,059							426,170	£0.35
1918		£295,643							247,089	£1.20
1919		£366,484							325,965	£1.12
1920		£395,511		£99,415	6%	£250,000			464,033	£0.85
1921		£217,152	£99,415	£56,498	6%				393,045	£0.55
1922	£314,678	£232,003	£56,498	£34,463	8%				348,576	£0.67
1923		£235,691	£34,463	£41,592	10%				293,728	£0.80
1924	£273,327	£161,063	£36,492	£36,795	8%			£8,160	303,676	£0.53
1925		£198,194	£36,795	£48,230	8%			£8,160	329,464	£0.60
1926		£272,246	£48,230	£58,896	8%				317,628	£0.86
1927		£254,127	£58,896	£52,609	8%			£8,160	306,682	£0.83
1928	£292,475	£224,858	£52,609	£68,267	8%			£10,200	306,300	£0.73
1929	£279,504	£209,760			11%	£10,000			300,569	£0.70
1930		£305,740		£63,190	11%	£20,000		£8,064	394,016	£0.78
1931	£407,879	£308,359	£63,190	£66,203	11%	£25,000			395,779	£0.78
1932	£303,394	£249,359	£66,297	£66,381	8%	£25,000		£5,610	353,736	£0.70
1933	£272,988	£171,327			6%				312,739	£0.55
1934	£327,137	£225,705		£51,836	8%	£100,000	£207,108	£5,797	348,267	£0.65
1935	£335,607	£234,640		£52,127	8%	£10,000		£5,707	356,832	£0.66
1936	£349,562	£249,109	£52,127	£67,485	8%	£15,000			378,084	£0.66
1937	£347,446	£251,200	£67,485	£70,626	8%	£20,000			386,700	£0.65
1938	£344,645	£244,200		£70,525	8%	£20,000			406,310	£0.60
1939		£213,432	£70,525	£74,580	6%	£20,000			404,777	£0.53
Sources:
Aberdeen Journal - Friday 22 June 1923, page 11.
Aberdeen Journal - Thursday 23 June 1927, page 10.
Aberdeen Journal - Wednesday 19 June 1935, page 14.
Derby Daily Telegraph - Saturday 22 June 1929, page 11.
Dundee Courier - Monday 22 June 1936, page 2.
Dundee Courier - Tuesday 23 June 1931, page  2.
Dundee Courier - Wednesday 20 June 1934, page 2.
Dundee Courier - Wednesday 21 June 1933, page 2.
Dundee Courier - Wednesday 23 June 1926, page 2.
Edinburgh Evening News - Friday 17 June 1932, page 3.
Hull Daily Mail - Wednesday 19 June 1935, page 6.
Western Morning News - Thursday 21 June 1934, page 9.
Western Morning News - Wednesday 23 June 1926, page 7.
Yorkshire Post and Leeds Intelligencer - Friday 22 June 1928, page 17.
Yorkshire Post and Leeds Intelligencer - Friday 23 June 1922, page 15.
Yorkshire Post and Leeds Intelligencer - Monday 20 June 1921, page 11.
Yorkshire Post and Leeds Intelligencer - Monday 21 June 1920, page 12.
Yorkshire Post and Leeds Intelligencer - Monday 23 June 1924, page 15.
Yorkshire Post and Leeds Intelligencer - Monday 23 June 1930, page 15.
Yorkshire Post and Leeds Intelligencer - Saturday 20 June 1936, page 23.
Yorkshire Post and Leeds Intelligencer - Thursday 21 June 1934, page 15.
Yorkshire Post and Leeds Intelligencer - Thursday 22 June 1939, page 15.
Yorkshire Post and Leeds Intelligencer - Tuesday 21 June 1938, page 14.
Yorkshire Post and Leeds Intelligencer - Tuesday 28 June 1932, page 16.
Yorkshire Post and Leeds Intelligencer - Tuesday 30 June 1931, page 15.
Yorkshire Post and Leeds Intelligencer - Wednesday 23 June 1937, page 16.
Document ACC/2305/1/711/1 in the London Metropolitan Archives

Intersting that the years where they made the most profit per barrel were during WW I. They'd really struggled before the war, as many brewers had. Even Snowden's 1931 emergency budget doesn't seem to have made much of a dent in Braclay Perkins' profits.

The average dividend between 1920 and 1939 was 8.2%. At a time when there wasn't really any inflation, that's a pretty good return. If you could get hold them, Barclay Perkins' shares were a good investment, with a steady, reliable return.





* After the writing down of the Ordinary share value from £100 to £1 in 1911, up until 1928 the dividends mostly look crazily high - 800 or 1,000%. I'm giving them as a %age of the original share capital as it gives a more realistic picture.

It's official

I'll be in the Northwest this November:

7th – 8th November Seattle
9th – 10th November Denver
11th – 12th November Portland
13th – 14th November Vancouver
15th November Seattle


I'll be pushing my brilliant book, obviouly. And other stuff. It's not all 100% worked out. More like 0.0015%.

Er, buy my book:

The Home Brewer's Guide to Vintage Beer.

Imperial Stout

That's not really what this article is about. Just the title of a random advert. The one you can see below.

Why am I writing this article? Because I need to write one quickly, if I'm honest. I've been so busy felling trees in the newspaper archive forest that I've little time for writing. At least that's my excuse. A renascent social life isn't helping.

But there are other reasons. Partly it's providing evidence for the non-dominance of Guinnes Stout after WW I. I can never resist plugging away at that one.Which has just reminded me of something else I noticed. The difference in strength between post WW II British and Irish beer.

Remember the summary of WW I gravity restrictions I published a few days ago? In May 1919 average gravity in Great Britain was 1044º and 1051º in Ireland. It struck me that more recently there had been a similar difference in the average strengths. In the 1950's,average gravity in the Irish Republic was about 1046* while in the UK it was 1037º**. So an 8 ppoint difference as aopposed to a 7 point difference.

Getting back to my original motivation, I also want to show how Guinness was a very different beer in 1925. And that there were plenty of British Stouts with similar specs.

First, the price list that inspired all this:

Evening Telegraph - Thursday 29 January 1925, page 4.

Slightly confusing the way both "pints" and "Imperial pints" are specified. It implies some are reputed rather than Imperial pints, though I thought they'd dropped that nonsense by this period.

Now here are the specifications of those same beers:

Some Stouts of the 1920's
Year	Brewer	Beer	Style	package	OG	FG	colour	ABV	App. Attenuation
1925	Barclay Perkins	Stout	Stout	bottled	1053.9	1015.4		5.00	71.43%
1925	Barclay Perkins	Imperial Stout	Stout	bottled	1060.3	1016.1		5.75	73.30%
1925	Barclay Perkins	Imperial Stout	Stout	draught	1060.3	1020.6		5.14	65.84%
1925	Barclay Perkins	Stout	Stout	draught	1054.8	1012.8		5.47	76.64%
1925	Barclay Perkins	BS Ex	Stout		1072.2	1025.5	300	6.18	64.68%
1925	Barclay Perkins	BBS Ex	Stout		1079.7	1029.5	230	6.64	62.99%
1925	Barclay Perkins	OMS for bottling	Stout		1050.9	1017.5	260	4.41	65.59%
1923	Guinness	Extra Stout	Stout	bottled	1054.2	1016.2		4.93	70.11%
1921	Guinness	Extra Stout	Stout	bottled	1059	1020		5.05	66.10%
1922	Guinness	Extra Stout	Stout	bottled	1054.7	1021.5		4.28	60.69%
1923	Guinness	Extra Stout	Stout	bottled	1054.2	1016.2		4.93	70.11%
1921	Bass	No. 1	Barley Wine	bottled	1094	1032		8.06	65.96%
1927	Bass	No. 1 Barley Wine	Barley Wine	bottled	1105	1035	70	9.13	66.67%
1925	Whitbread	LS	Stout		1057.0	1020.0		4.89	64.88%
1925	Whitbread	CS	Stout		1050.9	1017.0		4.49	66.63%
1925	Whitbread	S	Stout		1058.1	1019.0		5.17	67.27%
Sources:
Whitbread Gravity book held at the London Metropolitan Archives, document number LMA/4453/D/02/001.
Thomas Usher Gravity Book document TU/6/11
Younger, Wm. & Co Gravity Book document WY/6/1/1/19 held at the Scottish Brewing Archive
Whitbread brewing record held at the London Metropolitan Archives, document number LMA/4453/D/09/118.
Barclay Perkins brewing record held at the London Metropolitan Archives, document number ACC/2305/01/611.

What I specifically wanted to point out was the low degree of attenuation of Guinness Extra Stout and how it's very similar to that of British Stouts of the same general type. The average attenuation of the Guinness samples is 66.75% and of the British ones 67.66%. After 1950, when Guinness Extra Stout in its modern form appeared, that shot up to around 85%, giving birth to Dry Stout.

There may be some more of this type of stuff. Depending on how rushed I am.





*1971 Brewers' Almanack, pages 102 - 103.
** 1971 Brewers' Almanack, page 45.

Whitbread bottled beer in the run up to WW I

Bottled beer was big business for Whitbread, even before WW I.

Which explains why I keep coming across adverts for their bottled beer from all over the country. Like this one:

Morpeth Herald - Friday 17 March 1911, page 11.

Morpeth in North of Newcastle - about as far away as you can get from London and still be in England. It imples that Whitbread's bottled beers had just about mational distribution.

I can't help wondering what Nourishing Ale was. There are only two beers that fit the bill gravity-wise: 2PA (a slightly weaker version of their PA) and X Ale. I'd be inclined toi go for the latter.

This table shows just how important:

Whitbread Draught and Bottled sales 1901 – 1938
	total draught		Bottling		Burton
Year	barrels	%	barrels	%	barrels	%	Total
1901	538,097	73.63%	188,525	25.80%	4,153	0.57%	730,775
1902	546,043	72.92%	198,812	26.55%	3,975	0.53%	748,830
1903	552,383	71.00%	221,651	28.49%	3,998	0.51%	778,032
1904	546,402	69.40%	237,522	30.17%	3,379	0.43%	787,303
1905	538,584	67.67%	254,373	31.96%	2,983	0.37%	795,940
1906	526,766	64.32%	289,898	35.40%	2,361	0.29%	819,025
1907	513,881	61.49%	320,140	38.30%	1,749	0.21%	835,770
1908	477,470	58.97%	330,767	40.85%	1,459	0.18%	809,696
1909	456,638	56.14%	355,212	43.67%	1,481	0.18%	813,331
1910	446,477	55.72%	353,534	44.12%	1,325	0.17%	801,336
1911	459,908	53.81%	392,899	45.97%	1,564	0.18%	854,371
1912	464,539	49.95%	463,938	49.88%	1,548	0.17%	930,025
1913	436,095	51.17%	414,661	48.66%	1,415	0.17%	852,171
1914	418,402	49.38%	427,455	50.45%	1,415	0.17%	847,272
Source:
Whitbread archive document number LMA/4453/D/02/16

By the outbreak of WW I, 50% of Whitbread's sales were in bottled form. That's a huge proportion, far, far more than the average. Which makes it all the odder that Whitbread insisted on bottle-conditioning its beers.

All that bottled beer meant that there were loads of empty bottles knocking around. Which other bottlers were only too happy to use.

"OTHER FIRMS’ BOTTLES.
PROSECUTION OF BIRMINGHAM COMPANY
An interesting case under the Merchandise Marks Act was heard before the Stipendiary (Lord Ilkeston) at the Birmingham Police Court to-day.

John Bailey, trading as Barrett’s Country Bottling Company, 240, St. Vincent-etreet, Ladywood, was summoned for selling four bottles of ale on 12 September to which a false trade description had been applied.

Mr. P. Sandlands (instructed by Messrs. Duggan and Elton) prosecuted, and the defendant was represented Mr. Simmons.

Mr. Sandlands stated that the prosecution wae taken at the instance of the Birmingham and District Mineral Water Manufacturers’ and Bottlers’ Association. On 12 September the defendant's carter delivered to Mr. Q. S. Grubb. Icknield-street, four dozen bottles of ale, and of that number no fewer than four of the bottles belonged to Whitbread and Co., brewers and bottlers. The bottles bore a special label of Barrett’s Country bottling Company, but they also had the trade mark and name of Whitbread’s impressed upon them, and stoppers bearing different brewers’ names. There was no excuse for the defendant using the bottles belonging to other people. Messrs. Whitbread spent no less than £12,000 every year renewing their stock of bottles.

Mr. Simmons admitted that a technical offence had been committed the defendant, but contended that there was no intention to defraud.

Mr. Bailey gave evidence, and said when he took over the business in 1912 he had 1,234 gross of bottles in stock, more than sufficient to carry on the business. He had given instructions to his men not to take or use bottles belonging to other firms. The label he put on the bottles did not bear the name the brewer of the beer he sold.

Another summons was heard against Mr. Bailey for selling three bottles on the same day bearing the name of R. White and Sons, mineral water manufacturer, who it was stated, spent £20,000 on renewing bottles.

A third summons was also heard in respect of the use by the defendant of stoppers belonging to R. White and Sons in bottles containing his beer. This it stated. was the first case the the kind in Birmingham.

The Stipendiary fined defendant £5 and costs on the first summons, £2 and costs on each the other two summonses, and £5 5s special costs.

Three other summonses were withdrawn on the payment of costs."
Evening Despatch - Wednesday 30 September 1914, page 4.

It must have been annoying to spend all that dosh on bottles and have someone else use them. Although there was a deposit charged, it was often less than the value of the bottle. Which means the brewer lost out if the bottle wasn't returned.

With the resurgence of proprietary bottles, it's a problem that could reapper. Except those bottles aren't usually returnable. I can only think of one returnable bottle that bears a brand: Westmalle. And that does get re-used, without complaint, by other brewers, notablt Westvleteren.

Did Guinness dominate Britain after WW I?

There was an article about WW I in the last issue of Beer written by Brian Glover that's got me a bit irritated.

Bit of a specialist subject for me, WW I. Most of the article isn't too bad, if a bit vague at times. But its towards the end here I had the red mist descend. Because he said that Guinness dominated the British Stout market after the war, mostly because restrictions on beer poroduction hadn't applied to Ireland.

Just two slight errors there. First Guinness didn't brush aside all competition after the war. Second, restrictions did apply in Ireland. Not as strict as the ones in the rest of the UK, but restrictions nonetheless.

This is a summary of the restrictions from the final war years:

"April 1 1918: Output for quarter reduced to rate of 11,470,000 standard barrels. The extra 20 per cent. offer withdrawn and 33 1/3 per cent. for munition areas reduced to 10.4 per cent., equal to 1,120,000 barrels, leaving total output at rate of 12,590,000 a year. Conditions changed by provision that average gravity of all beer brewed shall not exceed 1030º for great Britain and 1045º for Ireland, and that no beer shall be brewed below 1010º: and prices fixed at 4d. per pint below 1030º, and 5d. per pint for 1030º to 1034º. Food Controller imposed a special charge of 25s. per standard barrel for a munition beer brewed under his licence. April 23 1918: Duty increased to 50s.

Jan. 1 1919 : Statutory barrelage increased by 25 per cent., making annual rate of total output 13,260,000 standard barrels. Gravities raised 2º both for Great Britain and Ireland.

Feb. 20 1919 : Food Controller stated that "it is being constantly represented to us from Labour and other organisations that the shortage of beer and spirits is a cause contributing to the unrest in the country. I hope very shortly to be in a position to allow a considerably larger additional output of beer, and of better quality, than that recently sanctioned."

April 1 1919 : Beer duty raised to 70s. Statutory barrelage increased by 50 per cent., and gravity raised to 1040º in Great Britain. Special charge of 25s. per barrel for munition beer abolished as from April 30 1919.

May 23 1919 : Statutory barrelage further increased by 45 per cent., bringing total output up to rate of 26,000,000 standard barrels a Year. July 1 1919: All restriction on volume of output removed, and average permitted gravity increased in Great Britain to 1044º, and in Ireland to 1051º."
"The Brewers' Almanack 1928" pages 100 - 101.

Proof Guinness didn't tak over the UK Stout market? Well there's this table:

Guinness Extra Stout sales 1912-1930 (barrels)
Year	Britain	Ireland	total	UK Production	% Guinness
1912	913,659	674,868	1,588,527	36,476,000	2.50%
1913	1,022,077	736,563	1,758,640	36,296,000	2.82%
1914	1,070,814	731,511	1,802,325	37,558,767	2.85%
1915	1,122,784	641,346	1,764,130	34,765,780	3.23%
1916	1,135,902	581,577	1,717,479	32,110,608	3.54%
1917	621,374	369,201	990,575	30,163,988	2.06%
1918	613,295	347,753	961,048	19,085,413	3.21%
1919	1,029,235	565,870	1,595,105	23,264,533	4.42%
1920	1,732,881	798,493	2,531,374	35,047,947	4.94%
1921	1,591,908	786,688	2,378,596	34,504,570	4.61%
1922	1,254,920	724,894	1,979,814	30,178,731	4.16%
1923	1,205,468	696,582	1,902,050	25,850,701	4.66%
1924	1,315,325	640,974	1,956,299	27,381,316	4.80%
1925	1,347,174	583,730	1,930,904	28,665,729	4.70%
1926	1,215,179	544,008	1,759,187	28,524,797	4.26%
1927	1,203,003	520,923	1,723,926	26,824,387	4.48%
1928	1,120,955	508,483	1,629,438	27,064,583	4.14%
1929	1,213,481	508,158	1,721,639	26,329,639	4.61%
1930	1,380,691	493,669	1,874,360	26,936,316	5.13%
Sources: Statistical Handbook of the British Beer & Pub Association 2005, p. 7 Brewers' Almanack 1928, p. 110 Brewers' Almanack 1955, p. 50 “A Bottle of Guinness please” by David Hughes, pages 276-279. Note: UK production figures adjusted to include Guinness output for years 1922-1930

That doesn't look like Guinness swept all before it in the 1920's. Their market share was pretty stable throughout the immediate postwar period.

This table compares sales in Whitbread pubs of their own Porters and Stouts and Guinness and Whitbread.

Whitbread sales of Porter & Stout 1929 – 1938 (barrels)
	Whitbread Porter & Stout	Guinness & Bass	% Guinness & Bass
1929	85,779	45,595	34.71%
1930	151,008	50,064	24.90%
1931	143,619	45,245	23.96%
1932	126,467	37,977	23.09%
1933	121,436	39,192	24.40%
1934	122,220	41,528	25.36%
1935	123,269	41,773	25.31%
1936	123,880	41,344	25.02%
1937	127,374	41,353	24.51%
1938	127,575	39,077	23.45%
Sources: Whitbread archive document number LMA/4453/D/02/16 Whitbread brewing records

It's clear that Whitbread's own Stout outsold Guinness by a factor of at least three to one (that's assuming there's almost no Bass in the combined Guinness and Bass figure) and possibly as much as five or six to one.

Maybe that was just Whitbread. Let's take a look at how many Stouts were being brewed in the UK in the 1930's. Here's a random selection from a single year, 1935:

British Stouts from 1935
Brewer	Beer	Price	size	package	Acidity	OG	FG	ABV	App. Attenuation
Allsopp	Milk Stout	9d	half	bottled	0.06	1049.3	1013.8	4.61	72.01%
Anglo Bavarian	Stout	6.75d	pint	bottled	0.07	1053	1019.8	4.29	62.64%
Ansell	Tonic Stout	8d	pint	bottled	0.07	1050.5	1011	5.14	78.22%
Ansell	Milk Stout	5.5d	half	bottled	0.07	1060.7	1018.1	5.53	70.18%
Barclay Perkins	Stout		pint	bottled	0.11	1051	1018.2	4.24	64.31%
Barclay Perkins	Imperial Stout	6d to 9d	pint	bottled	0.13	1061.8	1014.2	6.20	76.97%
Barclay Perkins	Stout	8d	pint	draught	0.14	1058	1012.2	5.97	78.97%
Cannon Brewery	Cannon Stout		pint	bottled		1041	1013.4	3.57	67.32%
Charrington	Toby Stout		pint	bottled	0.06	1044	1016.5	3.55	62.50%
Charrington	Anchor Stout	7d	pint	bottled	0.06	1035	1014.1	2.70	59.71%
Courage	Stout	8d	pint	bottled		1048.9
Courage	Stout	7d	pint	bottled		1036.5
Eldridge Pope	Double Stout		pint	bottled	0.07	1044.2	1013.5	3.98	69.46%
Fremlin	Milk Stout	8d	pint	bottled	0.06	1048.8	1020.2	3.69	58.61%
Fremlin	Oatmeal Stout	7d	pint	bottled	0.06	1041	1015.3	3.32	62.68%
Friary Holroyd	Double Stout	7d	pint	bottled	0.06	1043	1017.2	3.33	60.00%
Hammerton	Stout	8d	pint	bottled		1047.4
Hammerton	Oatmeal Stout	8d	pint	bottled	0.05	1048	1017.3	3.97	63.96%
Ind Coope	Stout	8d	pint	bottled		1037.5
Mann Crossman	London Stout	8d	pint	bottled	0.07	1048	1017.8	3.90	62.92%
Mann Crossman	Milk Stout	5d	half	bottled	0.04	1044.6	1022.9	2.79	48.65%
Meux	Stout	8d	pint	bottled		1045.6
Meux	Stout	7d	pint	draught	0.08	1047	1016.7	3.92	64.47%
Northampton Brewery	Jumbo Stout		pint	bottled	0.05	1043	1024	2.43	44.19%
Raggett	Nourishing Stout	10d	pint	bottled	0.07	1056.3	1019.3	4.79	65.72%
Reid	Stout	8d	pint	bottled		1046.1
Simonds	Milk Stout	10d	pint	bottled	0.07	1055	1018.3	4.75	66.73%
Star Brewery, Eastbourne	Stout		pint	bottled		1039.9
Style & Winch	Stout	7d	pint	bottled		1043.0
Taylor Walker	Stout	8d	pint	bottled		1035.3
Taylor Walker	Nourishing Stout	7d	pint	bottled	0.05	1033	1015	2.32	54.55%
Tollemache	Oatmeal Stout	7d	pint	bottled	0.06	1045	1015.7	3.79	65.11%
Truman	Eagle Stout	8d	pint	bottled	0.07	1040	1010.2	3.87	74.50%
Truman	Stout	7d	pint	draught	0.07	1048	1011.2	4.78	76.67%
Watney	Stout	7d	pint	draught	0.10	1046	1008.9	4.83	80.65%
Watney	Reid's Family Stout	8d	pint	bottled	0.08	1047	1012.6	4.46	73.19%
Watney	Reid's Special Stout	9d	pint	bottled	0.08	1055	1013.7	5.37	75.09%
Whitbread	Stout	8d	pint	bottled		1047.1
Whitbread	Stout	7d	pint	bottled		1039.6
Sources:
Whitbread Gravity book held at the London Metropolitan Archives, document number LMA/4453/D/02/001.
Truman Gravity Book held at the London Metropolitan Archives, document number B/THB/C/252.

They're just the ones Whitbread and Truman tested, so they're mostly beers from the Southeast. You can see that many breweries produced multiple Stouts and both in draught and bottle form. Ones in the 1050's would have been direct competitors with Guinness Extra Stout.

There were literally thousands of Stouts brewed in the UK between the wars. I've never come across a brewery that didn't make at least one. More typical was two or three. Barclay Perkins brewed half a dozen.

Guinness did not drive British Stout into extinction between the wars.