The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-03-19
General Markets Practically
Without Change
ONLY SLIGHT FLUCTUATIONS
Tie Outlook for the Orange Growers
Somewhat Improved
Advlces From the East Indicate an Increased
Demand In the Near
Future

= The week opened with better outlook
for California orange growers, and, while
shipments continue light, averaging only
about thirty cars day, all the indica-
tions point to a largely increased demand
in the near future. The exchange yester-
day received advices from Houston, Dali
las and other Texas points that dealers in
those cities, are returning home from Gal
weston, where they have been in attend
ance on the auction sales of Sicily fruit
that were in progress in that city during
the past week. The information is to the
effect that the dealers are disguised with
the quality OF fruit offered which did not
compare at all with the California product,
and that heavy orders might be antici-
pated from Texas points within the next
lew days. Advices from Boston are also
more encouraging, il being stated that
the supply of Messinas, which is not fully
up to standard, is not keeping up, and
that dealers are beginning to inquire for
California fruit.
For some days past no orders have been
received from Detroit by the Fruit Ex-
change, and Secretary kimball wired to
find out the cause In reply a letter was
received yesterday from . we'll known
firm in that city, which solves the mys-
terry 1t is as follows:
Zone of our commission merchants
here is handling, on joint account, we
think, oranges grown and packed by Seth
Richards, North Pomona, branded Foot
hill. He is offering this stock at conf
dental prices TO all Of our dealers, and it
plays hob with our trade. Is there no
way to put a stop to consigning oranges
to this market?'
Secretary Kimball stated that Mr. Rich
ards was one OF the largest orange growers
in Pomona, and that his action was a
puzzle to his fellow growers. He has a
grove of 260 acres of navels, all in full
bearing, and representing an investment
of at least 100000. He will ship this
year between fifty and sixty cars of fine
fruit, but has steadfastly refused to ident-
ify himself with the exchange movement,
giving as his reason that he does not wish
hands. Mr.. kimball says that the ex-
change, which now controls four-hfths of
the orange crop, is trying to stop the
practice OF shipping oranges on consign-
ment and establish a +. o. b. market at
this end of the line, and that for this rea-
son he cannot understand why Mr.. Rich
ards refuses to join in.
Money opened quiet and easy. with a
fair mercantile demand at unchanged
rates. There is very little call for money
for speculative purposes.
Bradstreet's of March 9th, under the
head Another Drop in Circulation, has
the following: "Still another net decrease
Treasury statistics for February, made
public on the LIST instant. The net de-
crease for the month amounted to 500, 122, :
p58, or more than three times the decrease
for the. preceding month. There were but
two items showing an increase, viz !:
United States notes. which showed gain
of ~, 998, 9l5, and national bank notes.
which showed an increase of 1924, 1862. The
decreases were $37 1921, 81 in gold coin,
$50 in subsidiary silver, 81, 14o 040 in gold
certificates, $3.50, S57 in silver certificates,
81. $50. 525 in Treasury notes Of 1890 and
500, 900 in currency certificates. The
figures showing the changes in money
and bullion in the Treasury show net
increase little more than offsetting the
increase in circulation. viz: $50, 72S, 372.
ing an increase of $42, 100, 1928, indicate
that some of the gold going into the
Treasury was not supplied from the cir
culation.
The figures showing the movement of
national bank circulation for the month,
given by the mptroller of the Currency
show the total amount outstanding to
have been at the end of February $5O4-,
952, 1884, decrease Of $685. $50 for the
months ending Herewith. The portion
of the circulation based on the deposit of
bonds amounted to $l76, 1856, 062 an in
crease Of $50, S13 for the month. but de-
crease Of "a, 56S, 81 for the twelve months
ending Herewith. The portion of the cir
Culation based on the deposit of money
amounted to $2S, 467, 1872, which represents
decrease OF 81 064, 1888 for the month, but
an increase OF 81, 1876, $50 for the year end