Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-11-16
PRICES CONE DOWN
ON BEEF AND PORK
Salt Lake Market to Benefit From
Reduction in Eastern
Centers.
BUT IT WILL BE TEN DAYS YET
Local Market Man Tells Why Prices
Have Been SO High and why
They Will Como Down.

That the reduction in prices In beef
and packing house products Indicated
In the market quotations from Chi
cago. Kansas City and Omaha, will
aHect prices of those products in Salt
Lake Is conceded by local merchants
and market men, but it will be 10 days
or two weeks before such reductions
VIII 80 into effect.
AS a matter OF fact the wholesale
price OF beef has advanced on the
local market during the last week. ac-
cording to local dealer: but this Is
due to conditions heretofore existing
winch have kept the price OF beef and
pork SKY high" and which cannot
gins.
c. A. Mintcr. foreman OF the Palace
meat market. in speaking of the situa-
uon this morning. gaid to News
representatives: prices on pork and
packing house goods will fall within
the next 10 days or two weeks In the
local market: but not before that time.
1t will require that length of time to
get rid of the high priced stuff now
on the market. Pork and It's products
should drop from 2ls to cents pound
on this market, The reason why we
have been paying such high prices Is
that the packers OF tho east
bought up the available supply of
and then held It for high prices.
Everything we have been selling here
for several months past has been froz-
EN- stun. or stuff which has been
placed In cold storage. The packers
bought in large quantities at cheap
prices. and as the products would not
spoil, they simply held until they got
tho nr,rRS tbnv tyanfaI I, n.
loaded, The last bacon we bought We
paid 33k cents per pound wholesale,
which. with shrinknge. packing paper
and freight made 1t necessary to sell
the meat for 37h cents per pound by
the slab, or 40 cents the pound sliced,
and there was very little made in 1t
at that. Pork Is plentiful, and has
been, but the packers were able to hold
the prices up and did So.
WILL AFFECT BEEF. TOO.
Reef must also come down. The rea-
son is that tho stockmen must clean
up their ranges. The fact that tine
prices IN the east are down will not
encourage the cattlemen to ship on a
falling market, and 1t will not pay
them to feed all winter and then sell
Mt no better prices than are to be had
now; 80 n reduction in the price of beef
on this market Is Inevitable. The prices
on beef, however, will fall gradually,
perhaps Y to u cent per pound per
week until about 2is cents per pound
has been taken off tho present prices.
Beef costs SIs cents Wholesale. When
the price has got down to the normal
loins of beef heretofore selling at liz
cents will be sold for IS; T-boncs now
bringing 25 cents will sell Mt 20: round
steak now worth Ii cents will 10 at II:
rib boils now selling for sH VIII be re-
tailed for sh. and chuck steak. which
brings now l2ls cents the round may
be sold for TO-"
SUGAR PRICES DOWN.
Sugar Is another article which has
dropped considerably in the last few
weeks. 1t is selling now ut 40 cents
per hundred pounds. or nearly half a
cent n pound. less than during the
summer, and is lower In Salt Lake
than it has been for many years.
Sugar, however, Is one OF the very
few necessities OF life which has not
advanced, as other commodities had.
In fact. it Is from three to four dol
lars per hundred pounds cheaper now
than it was 20 years ago. when the
first OF the local sugar comnanies be-
gan business here. The recent reduc-
tons are general all THROUGH the
United States.