The herald., 1895-06-29
THE CONSOLIDATED AUCTION
The Union of Growers and Shippers Is
Imperative
Reports of the Commercial Agencies on the
State Of Trade and the Prospects
for the Future

utulSTS u COHtTOl SdllIOTUld lrulb SdlCS,
and particularly to stop the California
growers from selling to the peddling
trade.
1.-The California growers and shippers
have suffered most disa strously in the
past in the city of Chicago and else
where" said Mr.. Weinstock, because of
the existence of two or more fruit auction
houses which divided the fruit and divi-
ded the buyers, thus bringing the fruit
into competition with itself on the one
hand and making possible combinations
among the buyers ON the other hand. To
overcome this evil, the California Fruit
Growers and Shippers association was
organized this season. for the purpose OF
establishing consolidated auction room
in each city, so that all the fruit and all
the buyers may be brought together
under one roof for the benefit of the
grower. These consolidated auction
rooms are made free and open to all buy
ers. thereby making combinations among
buyers almost imossible-a condition,
however, which the Chicago buyer does
not want. They prefer to bring back the
condition of the past, which was satisfac-
tory to them, but most sorrowful to the
grower.
''Their recent action is indicated by the
telegram, in which they make it plain
that they propose to determine who shall
enjoy the privilege of buying California
fruits in that city, simply shows how i'm
perative it is on the part of the California
growers and shippers to act as unit"
= r y
The Iron Age reports an advance OF
about 10 per cent in BesseMer steel. This
means. Of course, proportionate ad-
vance in iron. Now this advance can re-
suit only from an increased demand. The
larger demand means more ore taken
from the mines. 1t suggests more fur
naces put in blast and enlargement {; op.
erations in the steel works and rolling
mills. All these things are employment
for more workingmen. They are more
money put in circulation to the enliven
ing of the trade. They are stimulant to
every branch of manufacture. The in
creased demand for steel naturally comes
from the railroad companies. 1t shows
that they are making unusually extensive
repairs on their existing lines and ind-
Gates that they are contemplating new
ones.
The demand for steel indeed makes a
PRETTY reliable thermometer of the gen.
eral business and industrial situation. Al
Just suggested.it its increase means railroad
repairing and extension. Now the rail-
road companies keep very even with the
demands which the business and financial
conditions make for travel and freight
transportation. They would not be ex-
pending so much to put their lines in
ness or did not see material increase in
close and certain prospect. Increase of
railroad patronage of course means gen.
eral increase of business and revival of
manufacturers.
4 4 4
r. G. Dun & Co.'S. Weekly Review of
Trade, issued today. says: Business is
ia Il
ing prospects beyond the near future is
little less distant There is more ground
for doubt about winter wheat and cotton
than week ago and threshing receipts
are comparatively low, though the pros
poets for spring wheat are exceedingly
good. The price is a of cent lower for
the week and Is beyond mistake too low
ter wheat are correct. Receipts for the
week are relatively small. but for four
weeks have been 5, 5,166, ID bushels, against
5.794. sos last year, while Atlantic exports
flour included. have been for four weeks
4,9l2, 729, against 7, ,444, ,002 last year.
is steady.
Cotton has fallen 31-16 to cents in
spite of reports of serious injury by rains
in Texas and Louisiana. A slight buy
ing by northern spinners surprises the
market. for their takings have been more
than enough to supply consumption and
returns show great decrease in exports
of cotton goods "a
Speculation has spread even to the wool
market and with an advance of about
one cent in prices. The sales have been
the largest ever known for any week,
40, II, 800 pounds, against 8, s36, 800 in 1892.
In. four weeks of June sales have been
foreign, but in 1892 they were 13, $40, 750
domestic ana 1, 427, 500 foreign. grow
ing belief that the domestic clip is short
and an idea that the coming London sale
beginning July 2, will show higher prices
have been more potent than little in
crease in the manufacturing demand and
the price has risen at all market. Light
weie ehtsand mixed goods hesitate and some
are lower than year ago. but since the
Washington mill opened, clay worsteds
are at q slight advance. Other medium
and better grades are have been stronger
in tone. labor troubles are passing, with
frequent advances in wares. Copper has
Calumet & Hecla for the export at l0s4
cents, which is now quoted while tin is
slow at 14.05 ard lead Mt 3.27%. Iron still
advances, Bessemer selling for 1880 at
Pittsburg. A further advance in
structural forms is expected. The western
demand for steel rails at the advance OF 50
per ton is good. The rise In bar is main
tanned and plate and sheet mills are
crowded. SO it is difficult to place orders
at current prices.
The half yearly report of failures next
week will include about 6, 800 against 7,039
for the first half of last year. and assets
of about SSS, S,0O0 900 against SOL, 57s, 1872
last year. But of the cordage concerns
the aggregate would be nearly % per cent
less than last year and the manufacturing
liabilities 26 per cent less, but included
In il TIE manufacturing liabilities are
about $4,000. 600 against SAL. 376, 100 last
year and the trading $45, 600, 900 against
$52, 345, ,97S last year, while miscellaneous
Liabilities were only $2,700,0O0 against
1885, 072 last year.
Failures for the past week have been
256 in the United States against 214 last
year, and % in Canada against 35 last
year.
4 + Il
Bradstreet's Commercial Review saws:
Dominating business conditions OF the
week are the continuation of large'de-
mand for and further increase in prices
TOR iron and steel. which have surpassed
even the trade. The jump in rail prices
and scarcity of and higher quotations
for plates and nails have tended to pro-
duce temporary scarcity. Improving
wheat conditions have firmly convinced
many in the trade that there are likely to
be fully 425, 000 900 bushels harvested in
the United States in this wear with n