New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-04
THE PANICAN THE DINING ROOM.
THE MARKETS ovERsToCKED WITH EXPENSIVE
MEATs-A GENERAL DECLINE IN PRICEs.

MEAT5-A GENERAL DECLINE IN PRICES.
Some -of the leading wholesale provision
dealers were visited by TRIBUNE reporter on Saturday.
who wished to ascertain how far prices had declined,
the amount of business transacted, the present
prospects Of trade. the manner which il had been
affected by the panic. The provision market does not
have been well prepared for the crisis ia Of
its branches especially In respect to smoked meats, with
which IL largely overstocked; ana as a natural
consequence there has been general decline In prices
The prices OF pork FISH, and butter Ihave risen, and
butter is now especially expensive. Sales have
decreased both In size and number, and the
inclination in this direction is most marked
in tho hgh-priced articles OF food, such
smoked meats The laboring classes, large portion OF
which are working less time smaller wages,
thrown entirely out OF employment, buy with
view toward economzmg, and now dispense with those
things which they have been accustomed ito look upon
as Injuries. With many dealers the falling off In sales
seems to arise more from cautious unwlingness to
risk the sale of their goods credit than lack OF pur
chasers. The lack OF employment among the laboring
classes the manufacturing towns will seriously affect
the retail provision dealers people must have food,
but they will not be able to pay for it, and in such
emergency there will DO failures and bust
ness must suffer to considerable extent AlonzO L.
Austin OF and 2O2 Chambers-st said that there
had been general decline in prices though all articles
had not equally affected by It, The greatest de-
cline was in hams which had been selling during the
months for l6 cents per pound but which could
now be bought from lit cents, large hams being
still lower. Twenty thousand hams brought
to this city sale last Thursday and the number Is
increasing daily. There over 10000 unsold hams
stored at Cincinnati but there is demand for them
The difference the decline OF the prices OF hams and OF
shoulders is noticeable. Two months ago they varied
seven cents pound in favor Of shoulders, and they
only vary two The for this is that when credit
is obtained with difficulty and money is not plenty
with the iaboring Glasses, owing to lack OF employ
ment they buy a cheaper quahty OF meat than they
would otherwise. Pork has risen In value, having
ND from IA and cents pound to 10 and 20 cents bur
II must tumble soou Pork has been very in the
narLet but "a full supply will in from the
West aud then there will he decline in the price.
Trade fallen of much till within week or two
Collections hard TO make, for persons who
used to buy for cash now pay down only 20
In partial payments at intervals OF week or ten days
Mr. Austin said that the full results OF the panic had not
been experienced yet and he thought that prices would
fan still lower. There will be, said he. dull market;
will be tight, and there VIII be good supply in
the market all OF which win tend toward decrease in
prices The foreign trade has fallen of 80 that there Ia
very little demand for hams Trade Is not as good as II
was year, anu prices very much lower. especi
ally in smoked meats Men out Of employ are buying
the cheaper articles OF food which will make trade still
duler affect the dealers both and OF the city,
Many are not giving long credits usual. and those
who careful Will undoubtedly pass through the crisis
sir. Roe OF the firm OF Roe & Comstock OF No. ga
Greenwich st. said that trade had fallen of considerably
especially during the pastiweek ana not nearly
good as was last year Smoked meats had fallen In
prices hams that sold for Is or 6l cents sold
for 10 cents aud shoulders which brought 10 cents
pound selling for Fish had changed in price,
but butter had risen considerably within two weeks.
sOme qualities being much i've cents "A pound
higher. Collections difficult TO make. and sales
we've made In small quantities. Paterson and other
places where men had boeu thrown out Of employment
we're buying much less than usual.
Mr.. Spauding OF thg nrm OF A. 4. Spauding Co. OF
No so Eghth-ave said that the prices articles
had fallen. partly owing to the panic and partly
on account OF the market being overstooked.
MacEe than last
year. owing TO the unusually large loss OF fishing
vessels and the small catch this season
salmon lower than they last season. The
re dealers not selling credit they had been
doing 80 that their trade has fallen on Tue prospect
for q good Fall trade very promising till the panic
occurred Mr.. spandiug thought that the prices OF
articles might fall little lower. but they
~ very lear bottom. The export trade OF thus firm