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Newspaper Page Text
SAYS WE'VE GOT TO GRIN
"The price of meat is going up,
and I don't see anything the
'American, people can do about it
except grin and bear it."
This was the flat declaration of
'one of the heads of Swift & Co.
to a Day Book reporter today.
k This packer would not talk at
all until The Day Book promis
3 ed not to use his name. But what
she said when the promise was
given was a-plenty.
He handed out the. usual line of
-bunk about the packers not being
, to blame, and about that wonder--ful
thing the law of supply and
demand first. Then he got down
a' "Sirloin cuts are selling at 28
-tents a pound with the trimmings
this morning," he said. When
.cthe bone, rind and 'fat 'are. cut
.'away, that brings the price really
eto about 30 cents a pound.
Is Before this winter is over, beef
"probably will be costing 30 tents
"va pound with the trimmings. All
itfther meats and butter and eggs
will go up proportionately.
.1 "The cheapest meat you can
Jjuy today are "chucks" at 12 to,
314 cents a pound, and lamb shoul
ders at 12y2 to Uy2 cents. The
supply of this meat is limited.
IThe next cheapest are from 16 to
s v23 cents a pound.
"Porterhouse steaks, sirloins,
veal, lamb chops and pork chops
:have gonc-Jrom 22 to 28 cents
ia pound,-and they haven't stopped
agoing up yet.
d "Eggs and butter have become
luxuries now, Even the price of
condensed milk is going up. The
ANP BEAR HIGH PRICES
dealers announced today thai:
brands which sold for 10 cents
will be 14 cents next week.
"Everything' in the food line is
higher than ever before, and
everything is gofng higher. One
dollar will buy less in the market
today than 60 cents would a few
"If the packers are in no way
responsible for the high prices
how is it that American beef
which sells at 28 cents a' pound
here Sells for 191 cents in Lon
don ?" the packer was asked.
"I don't believe it," was all he
The Day Book told last Week
how American beef was selling 40
per cent cheaper in London than
in Chicago. The Day Book also
told why. The American beef
trust has to compete withbeef
from Argentina and Australia
over there. It hasn't here.
''There is only one thing to it,"
the packer went on. "Prices are
going up. They'll keep 'on going
up all winter unless unexpected
supplies' come into the country.
"The American supply of meat
is short. The protective tariff of
$12 a carcass on all imported
cattle prevents Argentina, Can
ada, Mexico and Australia from
sendingvbeef ta this country."
"Then if the tariff were lifted
wouldn't it let in enough meat to
lower prices?" the packer was
"No," he said. "If the tariff be
taken off the whole meat industry
would be demoralized, the cattle
raisers discouraged and the
r jfe i-s- -
" " ------