New-York tribune., 1910-01-27
MEATSTILLFALLI
WHOLESALERS YIELD
TO PRESSURE.
All Heartily OUerstocked Be-
cause of Ag1tation-Eggs
also Go Dozen.

~ .stFhe wholesale meat market to-day is
demoralized." one of the largest dealers
said yesterday. ''At least 'demoralized'
is the word / should use. Beef prices
are quoted at about where they were
yesterday-that is. IS to SO. or 81 off
from Saturdays closing prices. But
there is very little trade BY the end of
the week 1 think there will be a consid-
erablo decline all along the line. 1 never
knew prices to be higher than they were
last week On the other hand. believe
that this agitation will blow over in a
few days, and that trade will pick up
again"
Wholesale dealers and retailers alike
made it evident yesterday that. after
five days of comparatively mild agita-
tion for cheaper food the people of New
York City have brought enough pressure
to bear to bring prices tumbling down
from the heights which they reached a
few days ago. Already the price of pork
has fallen in the retail shops, and beef
has gone down in many instances. To-
day the retail butchers will probably be
offering their best cuts everywhere at
two or two and one-half cents lower than
yesterdays figures.
Eggs fell two cents a dozen in the
wholesale market yesterday, meaning a
cut of several cents by the time they
reach the consumer. Julius d. Mahr,
president of the Mercantile Exchange
said that this decline will go on steadily,
and that by the second week in Febru-
x1-in Eo
ures. Butter was quoted at half a cent
higher, wholesale. than on Tuesday.
Nine milk companies in Brooklyn and
Manhattan have announced that milk
will be reduced 10 eight cents a quart,
either on February 1 or at once.
EXPECT CUT IN BEEF.
Retailers and wholesalers agreed that
prices are falling fast. whatever may be
the reason. and that the consumption of
meat has decreased enormously since last
week. A representative of A. Nc
Carthy's Sons, large retail firm, said:
Everybody thinks. and that includes
the wholesalers. that beef will have
fallen off another half or three quarters
of cent a pound. wholesale. by Satur-
day. The big houses have sold only
about Cne-fourth of their weeks supplv
so far, while ordinarily at this time of
The week it is half gone, or rather more
The trading week for the wholesale peo-
pie practically closes on Friday Rather
than carry over the surplus and curtail
next weeks supply they will cut the
price
Already we have put down the steaks
we are selling at retail. cutting two cents
off the higher grades and a cent and a
half off the lower. Porterhouse steaks
that we sold yesterday for 80 cents go
for 20 cents to-day. and chuck steaks
that were ii cents are or 91s cents.
Pork is already two cents below
Mondays opening. wholesale. and it is
going a great deal lower II is now
quoted at 12h cents pound. We have
offered IL cents for several Thousand
pounds for Friday delivery, and several
of the big houses are considering orr
offer. That is a cent and a half off the
present price. BY Friday we expect IN
retail roasting loins. the best of the ncrl,
at 12l. cents. as against Ii cents The
present price"
Inquiries at Swift & Co.'S offices
brought out what was practically an aa-
mission that the wholesalers have
great deal more of their weeks srnr,,.
left on their hands than is usually tha
case.
WHOLESALERS OVERLOADED
"The market seems to be going nm
about as usual" it was said "Often