The evening world. [volume] (New York, N.Y.) 1887-1931, 1920-09-27
FLOOD OF BUTTER
IS POURING IN, BUT
PRICES REMAIN UP
Values Ruled by Bank Ex-
change Instead of Supply
and Demand.
BIZ p. @. FOY.

special Food Expert Evening World.
With millions Of pounds OF cream
cry butter flowing into the United
states from Europe. South America,
Canada and New Zealand, it might
naturally be expected that prices
would reflect the increasing supply. A
year ago the United states was ex-
porting millions OF pounds Of butter.
while az present tho rate Of exchange
has precluded business in that direc-
lion. Nearly i.5OO,OOO pounds OF butter
was unloaded here from foreign
steamers last week, and yet there was
an advance in the wholesale price Of
cents a pound. II the laws OF
supply and demand were in operation
there Is no doubt that values
would adjust themselves. one OF the
leading distributors OF creamery but
ter In the Wholesale district, when
asked last Saturday 70 reconcile the
present conditions in the butter mar
ket with a year ago, replied. "Our
banking system n responsible Tor the
nigh prices OF creamery butter; Dor
rowers at the banks we're compelled
70 keep 25 per cent. OF their loans as
a balance, and money cost s per cent.
and II the wholesale market on freah
creamery should fall below the cost OF
storage tho banks would demand a
margin from the merchants: In fact,
ne butter story Is the sugar story
told over again"
The Wholesale market on butter
went up 10 g. "a a 63c.. while most OF
the leading merchants In the whole
sale district expected lower prices
The consumers we're compelled 10 pay
ssc. 90 Zoe. a pound for fine table
creamery last saturday, while some
stores we're charging $50. to 65c. for
tho same grade.
Tho eftoyts Of the large beef packers
10 maintain the recent artificial prices
on fresh meats were shattered By the
expose In The Evening World last
week, and MOI only did prices drop 2
cents p0und m the average grade
u steers but then was considerable
quautty unsOl, Cost Of the retail
markets sold rib roast from medium
steers az 38c % i2c a pound. while
alrloins and round cuts were retalled
al Csc. TO 4sC. Common grades Of Dot
roasts, stcwing and boiling meats
were neglected. although offered at
frUn Toe % l5c. a pound. or from one
third 20 one-half the cost OF the whole
steer.
The manager Of one OF the large
retail markets on Third Avenue gave
mo scarcity and high cost Of fuel as
the underlying cause Of the neglect
OF good, juicy cuts OF mead, and said:
At tho present cost Of coal. or even
gas, u costs the average family as
lnuch 70 prepare roast or boiling meats
as they can save on the price This
gompels the average butcher 70 get
Ma entire cost out Of the tender cuts
% meat"
The demand for New Zealand
,amb last saturday was quite gem
eral an over the City and most OF the
etai.ors lowered their prices. Legs
u New Zealand lamb were retailed
AZ &c. In Washington Market and
chucks ~at lSc. TO t5c, RIB lamb
chops We're sold al from SIC. 10 Soc,
according 10 location
The advice given In these columns
io housewives 10 substitute some
cheaper meat food for pork chops
during the present Interval OF high
prices, was heedod and there was
cry little demand Tor pork chops at
no retail stores, and some Of the
'argc packers on Tenth Avenue were
Oferiug Ions al 81 hundrd
pounds less than the asking price last
Thursday and could not sell out.
The manager OF large retail market
on West l35th Street. relating 10
The service rendered consumers by
Tho Evening World. said: Advising
housewives % meats that are high
and scarce gives them a chance TO
think Of somO cheaper meat ana
makes IL better for us as well as
for them"
An extensive trip through the Jew
sh residential district last Saturday
night disclosed the benefits derived
from pushcart markets In the matter
~ salvaging over1-ipe fruit as well as
distributing good fruit cheaply. AZ
ter shutdown on Saturday tho stores
opened Mp for business. but Il was Q
o'clock before the kosher meat and
poultry shops opened for business.
Meats were sold al &c 10 &c a pound
for the ordinary cuts and 32c 10 s5c
FOR The best cuts 81 plate steaks. The
Hebrew Feast OF Tabernacles com
n0nccd az sundown last night. and tho
stores were open an day Sunday.
FHcasec fowls were retalled al 5sc
To- Soc. but springers were sold az 4Or