New-York tribune., 1907-10-30
MEAT NOT GOING DOU1N.
Cudahy's Omaha Reduction WI
Not 4fect Ne7c York Prices.

Those citizens who glowed with pleasure yester-
day at the announcement made by Edward A.
Cudnhy in Omaha that beef would be reduced in
price by about 10 per cent should prepare for dis
Illusion. The fact is, according to the heads OF
wholesale firms in New York. that the Eastern
meat eaters viii be obliged TO pay the same old
price. The only silver lining TO the cloud is that
according to the present outlook, there Is little
probability of an increase over prevailing prices
The statement by MIR. Cudahy, who is head of the
big Cudahy Packing Company. caused furry
here. for he said that the 10 per cent reduction
would be immediate in Omaha and would strike
New York about the end of the week Down at
the branch of the Cudahy company at the fag end
OF West 18th street close TO Tenth avenue. Mr.
Christian, the manager. sent out the compre-
hensive reply: "I don't want to talk to any re-
porters. I've nothing to say about meat"
The Western report, however. was emphaucaly
discredited by L. Kirscheimer, general superin-
stendent of SchwarzschiId & Sulzberger There is
a MISUNDERSTANDING he explained Omaha and
ST Louis are the for the handling of Texas
and Colorado beef The animals are lean and
rangy and their meat is used mostly for canning.
II doesn't come to New York. Here we get what Is
called prime beef. and there is no reduction In the
price of that. There isn't likely to he any change
in the price from the way the supply and ship
ments look Just now
IF Mr.. Cudahy is correctly quoted in the dis
patches ne is Of the opinion that there will be
drop in meat because of financial conditions.
tnlnh. however. that whatever change there may
be will affect only the sort OF meat that is used
for canning. I could not tell whether eventually
the financial condition would bring about any
duction in the price of meat. Such a condition
would not last long at any rate"
Walter Blumenthal. president of the United
Dressed Beef Company, OF much the same
opinion. There must be some mistake" he said,
or else drop in prices is the result of local
Gitions In the district that supplies the Omaha
yards We doing a normal business here, and
foresee no change In prices. Certainly prime
beef such is shipped 10 New York, has not
changed in price for than two weeks
The Eastern manager for Swift & Co. said that
II the Cudahy company should reduce prices
it would not have apprecabIe effect on the
Eastern markets, and that he believed the reduc-
ton would apply only TO the canning meats.
Another dealer in speaking of prices said: The
price Of wholesale is always in proportion
the price the hoof. For the week ending
October o. 1906, beef the hoof averaged 5.34
cents a pound while dressed meat in the same
period the average SIS cents pound. For
the last week this year beef the hoOf has
eraged 5.56 cents and dressed s9s cents. Thus,
you see. there has been a fraction of a in
crease a pound Within the last month there has
been "A drop of about One-haf a cent pound in
the price of Texas and Colorado beef the hoof.
but this has not Influenced the New York market.
because that meat is not handled here"