The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-30
FRESH MEATS
HIGHER OR
LOWER?
Opinions Divided.
Some See Cut in Price
as Shipments Increase.

Representatives of all local wholesale
commission firms that handle the dressed
beef. lamb and pork of the big western
packing ho6ses said today the prices or
all fresh meats were q little higher TINS
morning, because of the unusually hsnt
from all markets between Bur
faio and Omaha, and that receipts OF
cattle on the hoof at Chicago and other
Strengthening centres n also very light.
They said they did not believe the state
ment attributed to Edward A. Cudahyi OF
the Cudahy Packing Company, OF Omaha,
that the company mas reduced prices OF
fresh meats 10 per cent, for at the
Cudahy agencies In New York this morn
ing the prices were higher than they were
yesterday.
one wholesaler asserted that the prices
of meat was not so high now, except for
what was called in the trade fancy
meats and that the price of meat used
by the great mass of the people is mod
crate. An independent wholesaler salu
that prices had been inflated by the big
hackers, but that he believed that the
tightness of money and the serious
financial troubles last week would nave a
tendency to reduce prices to wnolesa,eas
and to the retailers and consumers. Re
tailers said they paid an advance OF nifty
cents a hundred this morning for meats.
At the office of the Meyer g. Bush Com
pany in Ward street, who do a large COM
mission business for Western packing
houses, It was said that the tendency was
to a raise in the price of all meats, because
The supply now is not equal to the demand.
M. H. Maggie. a big independent
dealer in Ward street, said that IN
his opinion a reduction In prices
must come soon, because of the tight
ness of money and the general dull
ness of business, which, in his judgment,
the country would not recover from for
eight months or n year, possibly not until
after the next Presidential election. he
declared that the prices of all meats have
been and are inflated, and that when ship
ments from the West Increase in volume
there will be n fall in prices.
james Bathgate, of the Newark Beef
Company. agents for swift & Co, of CHI
cage, said that prices are high now, and
there was a slight advance this morning
because OF the light shipments of dressed
meats from all points from Buffalo to
Omaha. He said growers Of beef cattle
we're also holding back shipments 10 the
big packing houses, but he thought the
need Of money may soon cause an increase
In the shipping of cattle to market. and
then the shipment OF dressed beef and
lamb and hogs to the Eastern markets
would increase in volume and cause a re-
dCction In prices. How soon this would
happen nobody could say now.
At Armour & Co.'S local house, in
Lackawnnna avenue, near Broad street, II
was said that the general line of fresh
meats were fifty cents higher on a hun
dred pounds this morning and fancy meats
81 higher, caused by light shipments from
the West. He said there were only 1i,000
cattle in Chicago this morning, when there
should be q, 900. and only 1900 hogs, when
10000 to $500 are needed on a Wednesday
there to supply the demand.
William s.. Ayres, one Of the oldest re-
tailers In Centre Market, said he paid
fifty cents more per 100 pounds for beea
this morning than he did Monday. He
pointed to roast beef and steak at sixteen
cents a pound, and said that was not such
a high price, and that the meat was good
enough fer anybody to eat. There is a
great deAl printed about the very high
prices of fresh meats. but | claim that
prices are not so very high"
Retailers in Broad and other streets said,
however, that prices are high, and many
Of their customers have been and are eat
ing less meat than they generally did.
They said there should be a reduction in
prices by the big packing houses, which
are piling up great fortunes, and by the
wholesalers, who were getting rich also.