The morning call., 1893-08-06
GOOD FOR FRUIT.
The Produce Exchange in
a New Role.
EXTENDING IT'S UTILITY.
Three Energetic Merchants Appointed
to Incorporate an Important
Interest.

The Produce Exchange is making an eff
fort 10 bring within its scope the dried
fruits, nuts, honey. canned fruit and SIM
liar industries of the State for the pur-
pose of developing them.
For some time past the question of ex-
tending to these important commercial in
terests the same benefits that grain OBJ
tainS from the exchange has been under
consideration. The advisa bility of incor-
porating all produce business. and thereby
broadening the exchanges field Of useful
ness, was debated and committee con-
sstlng of II. Kahn, A. B. Field and E. Nj.
Judson was appointed by c. S. Lau-
meister. president of the exchange. to in
veStlgate the question and report its con-
illusions at future meeting.
Produce men say this movement will
have good effect on their business if 1t
succeeds. The dried-fruit industry in par
ticular has suffered from not having GER
tain commercial standard TO regulate the
value of goods as in the case OF cereals
and other classes of merchandise. Under
this proposed scheme standard would he
established. Prices would be set accord
lngly, and business transactions would be
safer and more satisfactory.
The dried-fruit industry is an important
Ouc Ill OhHtUIuld. III 1901 SulpuCuGs W
the East reached A, 954. $50 pounds; in 1892,
So. 49, $50 pounds. In 1880 exports of dried
fruit brought about 100000, while n low
they amount to 100000. This, of
course, is wholly independent Of green,
canned and citrus fruits.
The idea of this action" said E. NJ
Judson. sis to put dried fruit on Change
as wheat, beans or peas. etc, that is, you
take your samples there and sell your
stock. 1t Is also to encourage the dried
fruit men to operate on change and 70
increase the exchange business in general.
Here We have such houses as Porter Bros.
Field d Stone, Schacht, Lemke q Steiner,
the California Evaporating Company. who
should 40 business on change"
"W hat effect would this action have on
the dried-iruit industry" was asked.
1T would improve 1t TO this extent: II
we had anything TO Offrr, instead of doing
business through brokers and paying them
a commission or running around among
the merchants to make a sale we could 90
TO the exchange and sell in regular hours
from our samples. That would facilita te
the business so much that many would 90
into IT, and then it would be better for all
concern ed"
II. Kahn, another member of the CON-
mittee, said 1t would not only facilitate
the business, but help it very materially in
many ways. 1t would be necessary 10 ap-
point an official inspector, whose duty
would be 10 see that fruits conform to q
standard. He would establish grades and
prices could be m de accordingly.
AT present each house makes Staud-
ard, or what is commonly called type
samples" with a set price. Should il
happen that few bags of dried fruit in a
carload were below the sample Eastern
BUYERS take advantage of that fact in a
falling market to reject all on technic-
ality. But under the proposed plan East
ern buyers would have to buy through
brokers in this city on standards fixed by
the eX hanee. instead of purchasing
through j,bbrrs. Then all objections
to the purchase would be proven ted. Tech.
nicalities would cut no figure.
The exchange members, he con-
Guided, ware heartily in favor of the
propoSition. as 1t promises to make the
exchange more general In its transactions
The dried-fruit industry is increasing al
the time, and present prospects are that &
on the market this season"