The herald., 1896-10-24
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
The Cranberry Crop the Smallest in
Eleven Years
Failing Off in Postal Receipts-Opening
of the Oyster Season-Kentucky To-
bacco-Resume of the Rise In
Lard-Local Markets

Tnere was Ialllng OIL In the postal re-
ceipts for the quarter ending September
30 of $15O0,000, as compared with the quar-
ter ending in June, and $63, 900 as compared
with the quarter ending September 80 of
last year. While the loss is not large for
the last quarter as compared with the cor
responding quarter of 1895, it has taken
place in the face of the fact that the postal
revenue increases more rapidly than popu-
lation In prosperous years and that there
should have been an increase of nearly
$l,OO0.OOO under normal conditions.
With the exception of two years ago, the
cranberry crop Of 1896 is the smallest in the
past eleven years. and is only half that
of the bumper crop of 1893 New Jerseys
portion being almost complete failure.
special investigation just completed by
American Agriculturist among all lead
,ng srrSSwers rSN :, Including those connected
association, also dealers who have agents
throughout the districts everywhere,
shows, shows, says that paper. that the mer
handled In a manner much more satisfac-
tory to producers than for some time past
with surroundings favorable for better
summarized indicate. total crop. pro-
yiding present outlook is maintained, and
frost holds off until all the fruit is gath
cred, OF only little more than 500, 900 BUSH
els, compared with GAG, 900 In 1895, 410, 900 in
1884 and 900 bushels in 1s93.-Interstate
ITOCeT.
The cove oyster season opens October Is,
as that is the date of the commencing of
the dredging season. 1t Is claimed by some
that the present oyster. season will be a
that both steam or raw stock promises to
be much better than for some years past.
The The oyster industry can well stand
anything but good, as the Industrial de-
preston that has existed in ali sections
,inS Of the country INT apd especially the west
has caused a. falling off in the demand for
both raw and cove oysters. This season,
the struggle for political supremacy Should
cause an influx of orders to this and other
packing .points.-Baltimore Trade.
son promises to be the best in Years. rsi,e The
Western Tobacco Journal says: "There
have been few years in the memory of the
bacco was Housed as free Of damage dam et by by
frost as the 1896 crop, but the crop had got
such start and had such favorable grow
must have been a very early frost that
would have caught it. Had there been
the average season the frosts of last week
year-would have done great damage.
There has been considerable damage in the
dark tobacco belt of Kentucky and Ten
age in the Burley belt, but aside from this
the 1896 tobacco crop of the United States
has had palmer sailing than usual, and
generally the case. AS to the actual out
come of the crop. that is vet to be learned,
but 1t would seem that 1t will have its short
comings and deficiencies, too, judging from
reports to hand"
Lard has taken the long expected ad-
vance which has been .prophesied in this
journal, and is now at least " cent higher
than few days ago. Further advances
are in prospect.
The cause of the stiffening is the light
ening of stocks in the west and the spring.
ing up Of the export. trade: For several
months the export demand for lard was
comparatively small. Stocks were enor-
nous, the outlet restricted, and in conse-
quence the prices dropped until they reach
ed point lower than was ever known be-
fore in the history of the provision trade
Even in the face Of the conditions the price
of lard has been rather too cheap, and the
cause of this has probably been the de-
pressed times. -s rs..l.
The Improvement in the export trade is
not. believed to be speculative. but to
At present lard is ruling over cent lower
than was the case last year During Sep
tember. 1895, the price reached Z cents to
the jobber. but subsequently dropped to
6b cents
It is believed that general resumption
of business would mean even Higher prices
for lard.-Grocery World.