Norwich bulletin., 1911-01-17
Food SpecuIators
 Badly Squeezed
MUST NOW DIseoReE AT A TIRE.
 MENDous LOSS.
PHILADELPHIA WHOLESALER
Says the Question of Congress Asking for Reason of High Cost of Living Has Been Answered.

Philadelphia, Jan. 16.-Commission
 | merchants of this city today not only declared that prices of stored foods were about to fall sharply. but that spectators back of the provisions in cold storage had been badly squeezed, especially in butter, and would now disgorge at heavy loss.
 Burning Question Answered. Congress has been asking for the
 1, reasons of the high cost of living. Speculation and storage of food prod
 ucts is the answer. The specula-
 tors have not been satisfied with stor- ing the surplus of the country to take care of it's needs in time of demand,
 but have been dabbling in the neces-
 l sary supplies.
 This statement was made by the head of large wholesale firm which
 | htndles great quantities of butter,
 ] poultry and eggs.
 Big Fall in Butter and Eggs. Butter of the prime grades is six
 cents pound cheaper wholesale than
 | it was this time last year. Eggs, fresh gathered, have for sev- eral days past been commanding 53
 cents a dozen wholesale, a drop of fom one to two cents in ten days. Eggs of the grade known commercial
 l ly as prime have dropped in the same
 period three cents, to g cents a dozen wholesale.
 FleaSinq FFediction.
 The prediction now is that there will wholesale prices of butter and eggs, as l the stocks of the storage houses are
 put upon the market.
 l Wholesale meat prices are also ex- pected to decline shortly in ssympa- 1 thy with the lower prices for dairy and
 poultry supplies.
 Drop in Butter Prices.
 l Chicago, Jan. 16-A belief that mill l lions of pounds of butter and eggs, now 1 held here in cold storage. were about
 1 to be thrown on the market, helped to cause a drop in wholesale prices of both today. Elgin butter, quoted at 1 29 cents & week ago, today was placed at 27 cents.
 Prices set by the Chicago board
 where the knowledge that fresh sup
 plies will be placed in competition with | storage goods is more keenly felt, showed greater break. There has been no equivalent decline in retail l prices thus far. The publishe ea~state- ment that the cold storage houses were
 going to be rid of their contents before May l, in order to make room tiIfs years product, resulted in an order by Dr. Benjamin Perry, chief food in- | spector to food inspectors to take spe- cial steps to prevent tainted eggs or butter reaching customers. Food in- | spectors were ordered to examine every | case of. goods and confscate all eggs 1 that were in doubt.
 No General Drop in New York Retail Prices.
 New York, Jan. 16.-There was no general drop in the retail prices of eggs and butter in New York city to- day, notwithstanding the announce l ment of iobbers that they had made decided cuts.
 In isolated cases eggs were offered from three to five cents dozen cheap CT than last week, but the reduction was not general and there are so many grades of eggs that it was hard to strike an average. The retailers de- clare wholesale prices for butter and eggs were unchanged from those of last week. New laid eggs brought wholesale today 34 and B cents; good storage eggs, P and 25 cents: finest creamery butter. 2e and 2S cents. and good creamery butter 22 and % cents. Retail prices varied as to the locality.