New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-08-08
BUTTER QUOTA11ONs QUESTIONED.
CONTROVERSY BETWEEN THE "PAn MEN" AND THE


CONTROVERSY BETWEEN THE PAIL MEN AND iHr
EXCHANGE.
A controversy has existed between the sew
era branches of the butter trade for some time past
respecting the accuracy OF the Official quotations sent
out by that institution Charges OF naccuracy are
made against the Exchange quotations by the pan
men," the commission merchants VINO seh INC nue.
grades OF State butter principally To the grocers Vi TINS
city The Exchange fully represents the other
~ the bu,ter cheese. and egg trade including Inc
regular commission trade in these articles "hoh 10 "e
renresented in the Committee on Quotations.
Harding Hayden q Co., produce commission '"ei'
,.rts and extensive "pa" butter dealers OF WASH
,ngton at who are among the compainants vi 'ho EA
change quotations. say that last Winter WHICH 'ne p'
ulators had bought up all the butter they co"'' o.
was to their interest to quote prices as hgh as
the Butter and Cheese Exchange reported 90 eeu'' %
legitimate quotation. although not one package !"
hundred was sold those figures and not one ouye "
- hnd,od would nav Them as there in the mar
bot at that time an ample supply, which the ownu.s
were anxious TO dispose OF at % ccnts. -, The Ey.
sentatons embracing these facts were n" oncsted TO
cbauGe and the members were requ.fs.ou Of
explain how 1t was that TINS pesular
though exceptional. was indicated and HITTER con,
no attention paid TO the appeal anu ,i,ne in the
,nncd RI bo quoted firm" with better ieeline ~
market all the time tnog tf me Interest Of the
persons TO keep prices down so that ty u mated
nc only 70 and 81 cents although nearly an Tue
"pai" receivers in this city nave pee % ,ants nor
selections 10 tne ErOCtIF
nonnd last Winter they quoted every tniht, ,radc
lions aud fancy selections 10 ' they onoted Sc
lertons -" giving, however, the highest prizes o0
| from the grocery any other trade ,o.a % thu
on the other hand the officers and lne i 5oes NOT
Exchange saw that the Committee on llOtatl9ns ,y
r;ye ont quotations arbitrarily, but generdiy % &c
Them TO the vote of the members present; as ter II is
consdrrable acrmony growing out OF the
suggested that TO avoid further occasion 0i ,ha
only quotations covering actual TRANSACTIONS On h
Exchange be given out There Is some prospect Va '"
| plan beng adopted. . $500, ,,.o,r e,ms vere
| formerly members OF the Exchange. Ihef p,nc,pa
grievance and reason for withdrawing was the aiempe
of the Exchange break up the old system 'ieu ny
Orange County system" OF advancing or rcuucs 'no
urice of butter cents at time aud not Iss. -. 49,
MANY pro,ers of the city strenuous thdt s - .
fem be retained, and the pailmen claim Snat II IL
more satisfactory the darymcn. The men OF we %
change put IL that when butter Is worm lnory una. o
cents 1t may be worth 80 or %. and not So put o
| paiImen" would advance IT at one step 10 3d. Win
Similar method, IN a reverse way. In the reduction Oh
| prces when the market Is overlooked --,-... .,
| II comes 10 pass I'm the Issue between the paImeh
and the Exchange that there Is an actual difference
tween the quotations for the finest grades put OUT py inc
Exchange and the prices at which butter 10 Sens ~
the hest known "paimen" who are powerful eieneh'
| in the trade and have grocer Dacklns