Show OGDEN ARMOUR EXPECTS MORE REDUCTION SOON CHICAGO Nov 1 16 J. J. J Ogden Armour said the tho whole tendency in the prices or stock yard rard products was toward a lower schedule He also said the descent would be gradual and warned the public from front too hastily accepting the belief bellet that a drop from the thc highest to the lowest prices was due The packers' packers prices to the tho retailers are based entirely on what we have to pay for our live animals said Mr 1 Ar Ar- mour Generally sp speaking prices are lower loel and I believe they are working toward a a. still lower level The present situa- situa ion ion is the tho result of tho the enormous corn crop and of previous hl high h prices that stimulated every everybody ody to raise livestock The Time public is getting the benefit of I political conditions and should get further further fur fur- ther tiler benefit as the increased supply of livestock reaches the market The recent high price of or meats and packing house products cannot be at attributed attributed at- at in Iii any way to the packers nor norto norto norto to an any combination of ot persons or firms engaged In the packing house Industry It has been due to conditions that developed from froma a scarcity and a a. high price for corn which is the basis of or tho the supply of ot livestock live live- stock Conditions in livestock raising are bigger than any packer or set fet o oZ pack pack- ers The packers 10 o lower prices Our prices are arc based on what we have havo to pay for livestock ll and tho the sooner the people and tho the world at large realize that tho the better It will be for everybody |