Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-08-06

parel and of practically all tue
necessities of life may rise to war
time figures here. Importations have
ceased. Until the close Of the war
the people of the United States VIII
be compelled to depend entirely on
their own products
Meats, already high in price, will
without daubt, rise still further Deal
ers in Centre Market today held
very gloomy view of the situation
As long as Argentine beef came
into the wholesale market we We're
able to hold the prices to reason
able figure" said one of the mer-
chants in the market today. 1T is
prime meat and when IL could be
disposed of rapidly was entirely
satisfactory to the best trade. The
big packers had to hold down their
figures to half way meet those OF the
South American shippers.
Now we are threatened with the
entire disappearance of these meats.
There is not a ship on the sea with
such a cargo While only a few of
the dealers in this market bought it,
the rest of us were able by it's very
presence in the market to hold the
packers to some degree of reasonable
ness; but let me say right here that
the packers are not entirely to blame.
There is a decided shortage of live
beef"
Beef sure to Advance.
The merchants declare that they
will not be surprised to see beef adj
vance in a few days to seventeen
cents for native carcasses. The only
possible relief will be in the restric-
ton of exports A great deal of the
beef of America is usually shipped
across the water If this is now held
here the condition may be alleviated.
The price of -four has gone sky
ward in the last thirty days. There
was a slight recession at the Begin
ming of this week. spectators hav-
ing unloaded after Initiating the price
of wheat for September delivery. An
other and more radical increase is
expected before the end of the week.
Flour merchants declare that no
one knows how the market is going
to turn. 1t is entirely dependent on
the possibility of foreign shipment
1t is at present impossible either to
get ships or to have cargoes insured. |
II this situation should suddenly |
anu II ptGdlAiG PDSSlOiC W |
send to Europe the price would again |
rise. On the other hand, if no ships |
can be had, there is bound to be a |
big decline.
The butter market Is also bound |
to be affected Though it is not gen
orally known, a large quantity of the .
butter consumed in this country is
imported. The new tariff permitted
foreign butter to come into this mar
Set under advantageous conditions,
and great relief was experienced.
The suspension of these imports will
cause an immediate increase in
prices.
Delicacies Prices Up.
There is an increase of from % to |
10 per cent. in the prices demanded !
for imported cheeses and delicaeies. /.
Many of these commodities Will en-
tirely disappear within a few days.
II is reported that two firms engaged
in the preparation of caviar have al
ready been wiped out of existence.
II was reported today that several |
belonging TO the Roman |
)ff Caviar Company at Hamburg. I
and containing hundreds of thou
sands of dollars worth of their pro-
luct. had been seized by Germany.
Many of the large department |
stores import their own goods. These
will be seriously affected. They /.
nave been compelled to advance the |
cost on all imported dry goods from
10 to . per cent.
There are no importations now, /
and 1t is impossible to say when there !
will be any" said a banker for dry |
goods houses today. There is no in /
surance obtainable. I can see no end |
to the paralysis of foreign trade
1t was said, too, that II the war |
lasts six months there will be nothing \
imported left in market. No mat !
ter how the prices increase, there will |
be constant demand, and the supply |
will be cleaned up.
Embroideries and silks have aDSo- |
lutely ceased to come into he coun- |
try. Cable messages abroad by COM
merchants and importers |
whose stocks are depleted have elected |
no replies, and they are at an entire |
loss to find a remedy for the slrua-
ton.
1--WE might as well draw the cur
tains and lock the doors" said an
Importer today. Our warehouses |
are fast emptying and there is not |
the least likelihood that We will be |
able to fill them for some time. In |
addition. we are confronted with the |
knowledge that If the war lasts six
months, II will take two years after |
ward before our importations will |
again assume normal proportions. |
Most of the silks, laces, embroideries i
and fine cloths come from Germany, |
France. Belgium and Switzerland.
And there the looms are silent, while |
alike !
are preparing for the business OF
war"
Canned Goods VIII Rise.
That the price of canned goods will |
soar higher and higher on account of
the war is the general opinion of
manufacturers of tin cans. During
the past four days tin has advanced
100 per cent. On Saturday tin was
selling at $500 per ton, while today the
price is 81, 200 per ton. 1t is expected
that the price In the next three days
will even be double the present rate.
The Central Stamping Company's
plant at 591 Ferry street is working at
full capacity at the present time The
officials declare today that they VIII
now purchase tin only as the orders
come in To do this separate prices
will have to be quoted on every order.
The officials of the local plant de-
clare that tin is an absolute necessity
at any price They argue that all OF
the good grade of canned goods are
put up in tin cans made from the very
best grade of tin.
Most of the tin used is brought from
Wales and Australia. The various
timing companies in the State will be
forced to raise their prices, as the
- -.nAorinl ir 1acnd Tor nnaiirR MIR