The herald., 1895-05-30
lun & Co.'S Report of Local
Business Indications
THE OUTLOOK IS HOPEFUL
Suggestion Looking to Organization of
Produce Exchange
A Pair OF Denver Dealers Buying California
Lemons and Repacking Them to
Sell as nessina Fruit

L. W. Burnham, local representative of
Dun e Co., furnishes the following re-
garulng local trade matters
The month clvses with hopeful indica-
tons. Advices from eastern trade CEN
tars are encouraging. Prices on staples
have an upward tendency, with more
general confidence and improvement in
demand for most lines of merchandise
aud our securities are finding a ready
market abroad. The most pleasing fac
tor, however, is the voluntary INCREASE of
wages by several large manufa curing
concerns.
Local retail trade has been good and
aggregates u considerable increase over
May, 1894.
Jobbers report good city trade Country
orders a little slow but collections i'm
proving, and altogether business for the
month has been satisfactory.
Orange shippers are having rather dis
eouraging experience Just now straw
berries have for the present taken the
place of oranges for breakfast fruit in the
middle west, thus lessening the demand,
but latest Il vices are to the effect that
tine great Michigan crop will soon be out
OF the way. when better demand is ex-
pected.
Eastern demand for produce is only fair
with prices rather weak. Would 1t not
be wise plan to organize a produce eX-
change in Los Angeles for the purpose of
concerted action in marketing the prod
ucts of our soil?
There have been thirteen failures dur
ing the month, with liabilities aggregat-
Ing $4,000, and assets of .$29.2i6. 1t
should ue said. however. that about $4,000
CT these liabilities represent failures that
rnn Nv rad lNrtFv - h,,e
being placed on record through desire
tc seek relief in the insolvency court.
4 4 =
The meeting Of the board of directors
OF the fruit exchanges was held yesterday
and routine business only transacted.
NO change was made in prices of the or
anees now held by the exchange mem
bers. Orders arrive with less frequency
than might be desired, but the mem bers
and managers still hope to make a fair
clean up of the crop before the season
concludes.
well authenticated report came to
town yesterday that two dealers at Den
yer had gone into the lemon business.
They have evidently taken their cue from
the success attained by those dealers
who Tor good many years past have
made good money by selling California
wine under French labels and American
cotton seed oil under a European trade
mann, qua lne urIlCle be
'deux refinees' olive Oil. These Denver
dealers have taken carload of California
lemons. unpacked the fruit and repaoked
in Messina boxes and are selling it as i'm
ported Messna lemons, and as reported
to their own profit and the satisfaction
of their trade.
4 Z 4
Hay continues to bring good prices,
but III another week or two there Is very
likely to be drop. The market is now
largely. and not too pentifully, supplied
by hold-over stock and the hay cut by
small ranchers who haul to market as
fast as their crop is cut. The big ranch
ers are now cutting and stacking prepara-
tory to hauling, and when they come
into town the market seems likely to re-
spond with a decided drop. According
to present indications however, the pres
eent promises to be good hay season,
both as regards output and the prices to
be obtained.