The Indiana State sentinel., 1874-09-22
FINANCE AND BUSINESS.
RUTrER.

OBSERVATION-DISCLOSURES BUTTER.
The New York Bulletin gives the report
of the committee on the butter trade. in
which are the following points OF interest:
The classification submitted first classifies
butter ss eastern and western, and next in
TO extPas, firsts, seconds and thirds of each.
Eastern constitutes the supplies from the
Eastern States, and Western is the product
west of New York and Pennsylvania. This
is Decessitated by the wide difference in the
Qualities and prices actually existing be-
tween the productions of the Eastern $ ates
and the bulk OF those supplied from West
srn States. This method Of grading by ex-
tEas, 6Tsts, seconds and thirds is simple,
prso zeal, and not experimental, it having
been long in practice in older countries.
In regard to the proposition of providing
plan which shall enable sellers Of butter OF
any description to offer it for sale or for bids
at the exchange az called from the list under
The classification, your committee regard IT
as entirely practical, and recommend its
adoption. It is believed that il will greatly
facilitate the transaction of business on
basis open to both buyers and sellers, and
result in establishing a precise and &C.
eurate list of quotations and correct
market reports. 1t will enaole buyers
20 purchase or contract at the ex-
change for any description of but
ter, and thereby check mischievouS specula-
ton In the interior and regulate this ten
sency in New York. Already the healthy
movement of the present State crop Is
checked by these speculative purehtse in
the interior of the limited class OF butter
COW classified here as extras. Without
d0ubi, under the new system these con-
tracts will be made here more satisfactorily
to all o. rites and with less detriment to the
course of trade and the movement of the
crop.
of Western butter arriving at this market
It is estimated that less tran two per cent. is
made on She system followed in the State Of
New York. Ia the Western States. as a
whole tine herds are comparatively small,
and the waters and grazing in many sec
xicns impure. The butter i5 gathered in
small parcels, and reworked together in or
der to have it uniform in character, all OF
which Is more or less injurious to its
Keeping qualities. While great strides OF i'm
pr0venie nts have taken place to the extent of
an enhancement of it's market value some
40 per cent. in two or three years, there is
still room for great progress by the adoption
of the Eastern system and cooperation with
the transportation companies in recon-
mending and encouraging improved faciii-
ties for safe and quick transportation. Al
ready In many dairy sections of the WesteIn n
States qualities are produced nearly equal to
Eastern, and give evidence beyond question
that if made and marketed by the same pro-
cess wonld be quite as good.
THE LUMBER INTEREST.
The observation-disclosures ociation, in
session At East Saginaw, on the 10th, passed
resolutions declaring that the Canadian
lumbermen hold largo lot of pine land
limits at low rates, and without risk of loss
to standing timber by fire, while we must
buy lands at much higher prices and incur
loss by fire. Wages are lower in Canada;
they paw no taxes to support our govern
ment, save duties on lumber, ETC., and are
almost entirely exempt from taxes on their
business at home, while We share the costs
of the support Of town, county, State and
nation.
Resolved. that the reciprocity treaty asked
for by British and Canadian officials would
Crans to men In another country our privi-
leges, wbil0 they have no share of our bur-
dens or risks, and that we earnestly oppose
il as unjust and dangerous to the interests of
the whole country; and that the introduction
Of said treaty for ratification by the Senate,
SO near che close Of the session, makes it
very apparent that its projectors hoped for
the eonsummation of this iniquity before
the vigilance of the people was awakened to
the gravity OF this outrage.
Resolved, That said treaty, If ratified,
would result in the paralysis OF our
industrial pursuits and interests, and
accom- mplish the invigoration of those of
British America; and, whereas, it Is appar-
ent that that there is an overstock Of lumber
now manufactured and on the market,
which fact has reduced prices so low that
manufacturers get little or nothing for tim
Der sanding In forests, and an unpromising
outlook of our financial affairs the coming
season; therefore.
Resolved, That we do hereby pledge our
selves, individually and as an ASSOCIATION, to
use all honorable means TO bring the supply
within the limits of demand, and to that
end we hereby agree TO reduce the manufsc-
sure OF our mills the coming season at least
for the last two years, and that we invite
our brother lumbermen to corporate with
Us in securing the object, provided that the
spirit and practice OF this resolution shall be
general y agreed to among lumbermen.