The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-11-16
Local Market Will Feel Sweep
ing Effect of Downward
Tendency in Prices of All
Foodstuffs Within Ten Days
UTAH MEATS WILL
BE KEPT AT HOME
Decline in East Gives PrOduC-
erS Chance to Sell in State
and Winter Supply VIII Be
Heavy at Easier Prices,
DEALERS SAY THEY'RE GLAD

TT UMBLING with the eastern mar
ket prices, the cost of meats ia
salt Lake will he reduced from
; cents 10 cents per pound within
the next week or ten days; and before
the first of the year the High Cost
Of Living" spectre viii have fled from
every one of its haunfs In the high
ways and byWays Of the city's food
markers.
Not only In meats. hut Ia almost
every edible article placed ON the Salt
Lake table. the relief Will be notice
able TO a marked extent.
So say the majority of meat and
grocery men of the city, who. with
the new market quotations in Chicago,
New York and Kansas City at hand,
are already placing heavy orders for
beef and pork at the reduced prices.
The latter part OF next week will see
the first effect on the retail prices of
these two mainstays of the market in
Salt Lake
II was bound TO eome. say the deal
ers. Though the big packers have been
eVading the issue FOR many months,
the supply of the chief staples of the
ing and now is ahead OF the demand.
IL viii continue 10 grow and, follow
ing a natural law OF gravitat ton. the
prices will continue TO drop until the
backbone Of the high cost of living
will have been permanently broken. not
only in beef but in cereals, in fish and
In every other staple which climbed
10 the climax during the past few
years.
The early spring will see a living
price prevailing throughout the mar
ket. free from the abnormal effects Of
the past, il is predicted.
Dealers Are Glad.
And the dealers are glad of il. In
mH1.Hna
make only a certain amount OF profit,
whether the wholesale prices be high
or low. For instance, if turkey whole
sales at - cents the retail price will
be 50 cents, while if the same article
WHOLESALERS at 20 cents the retail price
VIII be Pa cents, making the profit
the same.
one of the most important results Of
the fall in beef and pork prices in the
east Will be the keeping of the local
product at home. 1t will no longer
pay the Utah stockman TO ship his
beef to the Chicago markets and leave
the local consumer 10 race shortage,
as has been the case in the local sup
ply in past winters. As a result OF
this the wholesale price of Utah beef
is not likely TO go as high as cents
per pound, where in previous years il
has been rising TO II and Is cents per
pound wholesale.
Prices start Downward.
The drop in prices began a month
ago in some articles. One dealer said
Yesterday that he had been selling
Utah beef at a price lower than for
five years back. Internationally dur
ing the past six weeks local dealers
have been undertaking the local whole
sale market i'm many articles. A week
ago, while the local wholesale market
was % cents per pound for poultry.
several dealers who had caught the
eastern market on a fall were retail
ing chickens at 20 cents per pound.
The same demOralizing tone charac-
terized the price of pork off and on
for several weeks, hams retailing at
20 cents while the standard quotation
was %.
These intermittent breaks have now
become general and a great Valanche
of supply is sweeping high prices out
Of existence. Rolling westward from
the central markets. this influence viii
strike and control the Salt Lake mar
kets within ten days, effecting an ac-
tual saving to the consumer that will
leave a gOOdly number of dollars in
those bank accounts which had of late
years acquired the habit Of overdraw-
ing themselves each month.
Thanksgiving day this year will be
one Of reality rather than of hollow
mOckery. The very feature of the day
the turkey-Will grace the table at a
price cents per pound less than that
of last year. And every other article
Of food that goes into the making of
the Thanksgiving dinner viii have
been bought at a price which has al
is abroad in the land.