Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1907-11-01
CHEAPER MEAT
IS NOW ASSURED.
COST OF LIVESTOCK IS LOWER AND
PRICES WILL TAKE A BIG
DROP.
RETAILERS MUST REDUCE.
Middle West Is to Benefit by the Going
Down of the Price Of All
Meats.

CHICAGO, ILL.,, Oct. pa general
reduction in the retail prices of meats
was prophesied for the middle west to-
day. 1t has grown out of the present
financial situation, according TO some OF
the big packers, and will be OF substan-
tial benefit to consumers.
The first cut in packers prices was
announced in Omaha, where 1t was re-
ported at night that Edward A. Cudahy
of the Cudahy Packing company had re-
duced the prices of all meats 10 per cent.
and that a still further reduction was eX-
pected.
In explanation Mr.. Cudahy said he be-
lieved the time had come Tor general
and substantial reduction IN the cost OF
living if the average citizen is TO snare III
the country's prosperity.
Il believe" he said, there Will be an
immediate decline all along the line OF
produce and staple supplies necessary TO
human life For some time we have
been buying cheaper and we think we
are justified in selling cheaper. The con
sumer will get the benefit, as the retail
ers have promised to pass the reduction
along. 1t will mean saving to every
man, woman, and child in the country
Sioux Falls Follows Suit.
City dropped into line with the same
cut, though the order has not been re-
ceived officially in the packing plants
there St. Joseph was not so confident
of a decline. The general manager OF
one of the plants there SAID if there was
decline it would come without any
radical cut.
Representative retail dealers in this
city said the cut had not been felt III
Chicago yet, but the consumers would
feel it in various ways soon. The stu
alton at present appears to be that much
of the meat used by the consumers is
taken from the coolers" and is not sub
ject to the tiuctuating daily market price
Of undressed beef When that stock is
gone the benefits of the low trend will
be felt. Substantial cuts have been
made in the prices of pork and ham.
Retail Prices to Be Reduced.
Local packers said that the low trend
of the price of live stock probably would
continue for some time, and necessarily
would cause a reduction of retail prices.
The price of live stock has been go
ing down for some time, said Max j.
Sulzberger. vice president of the
! Schwarzschild Il Sulzberger, land the
price to the retailer has been less for
beef within the last few days. In hogs
there was a cut of 10 cents hundred
| last week. OF course, the retailer will
| not get the advantage Oh lLliS cut AOA
sixty days or 50, as the finished product
will not be ready until that time.
The price to the retailer is based al
ways on the cost of the live stock. and,
! as | do not see any prospect for higher
| prices within the near future, l should
! think a general reduction will be felt
| in all meats soon"
Louis f. Swift, president of Swift &
! Co. said:
The trading in livestock has been
weak of late, and this has caused a
| drop of about % cents n cattle during
| the week. OF course, this cut means that
| the retailers should sell cheaper, but, of
| course we do not have anything to do
with that. There is nothing unusual
about the cut. There has been a large
supply on hand at the yards, and the
| price has dropped accordingly"
| A representative of Armour & Co.
| said:
Live stock has been cheaper during
| the last week than for some time, but
! the retailer will not receive a lower
| price for some time, because the cheap
| livestock has not been turned into the
| finished product as yet. l do not think
Armour 4 Co, intend any general reduc-
! ton all along the line"