The herald., 1896-04-03
markets OF THE WORLD
LOCAL, STATE, EASTERN AND FOREIGN
REPORTS IN OUTLINE
Opening Of the Local Wool Market-The situ-
alton In Butter and Cheese Eggs Arc
Slow at Somewhat Lower Prices-0ther
nsrkets Steady

Spring clip wool is now coming in rather
freely. The wool of Southern California
will this year be secured in Los Angeles.
thus saving 20 to rs per cent of the cost OF
transportation TO the east. The firm OF X.
kohn & Go. has their securing plant al
most complete down adjoining Naud's
warehouse, and the firm is laying in sup
ply OF grease wool to begin work on. In
addition to some purchases of local f1eeces
there has been secured about 1900 bales
wools are defective, not only because of
the unusually large proportion of dirt in
them, but most of them contain much
burrs and seeds, which are worse than dirt,
for the reason that they are difficult to re-
move. and if not taken out they spoil the
cards at the factories and create defects in
the cloth. The prices now being paid here
range at 4c to sc per pound for compara-
lively good fleeces, and &c to 3 &c for poor
to medium grades. AS it takes about four
pounds Of grease wool to make one of
:coured,, with the cost OF handling added,
over zoe for clean wool. The
sheep and wool industry of the country,
which has languished for the past ten
years, may revive some. BY reports from
the department of agriculture it appears
that SO great decline has been suffered
in sheep raising, the United States at the
end of 895 was back to just where it was
in 1858 as to numbers, but $32, ,0OO, 900
behind as to value of the focks. In the
past three years tho decline amounted to
100000 sheep, or 10 per cent of the
flock. But London paper states that the
drouth of the last year In Australia caused
the loss of 9,5OO,OO0 sheep, and that the
wool clip will be 10000 bales less than
last year. 1t is true that there has been an
overproduct;on of sheep. taking the world
as a whole, resulting in low prices for wool
and mutton, and this in a thinning out of
s~~k Trsk AA-k< n.,AA Al: l.
loss in Australia. coupled with decline of
12,O0O,OOO head in this country since the
in 1884 and 1885, together with
the fact that all meats are tending to
higher level of values, sheep and wool
ought to be better property in the immedi-
ate future than in the immediate past.
Dairy products furnish an interesting
study just at this time. 1t is about the
date when butter reaches it's lowest level of
prices, and merchants begin to put surplus
stocks in cold storage for use in the later
summer months. So far prices are not
quite low enough to warrant doing this,
nor is the condition of the butter such as
to justify it. Indeed there is consider
able complaint about the quality of good
deal of what is coming to market. The
creameries have about revolutionized the
butter trade. When. the dairymen con-
verted all their milk into butter there was
wide difference in quality, the high grades
being really the exception. The people
we're used to good deal of poor stuff and
were not SO fastidious. But creamery but
ter usually runs very even in quality and is
nearly all good. This puts the dairymen
to their trumps to make good butter. In
deed most of those who keep cows now
send their truck to creamery and do not
attempt to make butter. Still there is
some Gairy-made butter, and some of it
of a very low grade. 1t has a hard time of
it in the market, and when gilt-edge goods
from the creamery sell at 20 cents per
pound, mixed store lots gathered up around
the country or poorly handled rolls from
the small dairies are slow at x to 10 cents.
Just now there seems to be some fault in
the condition of the feed or thr, weather,
for some of the most intelligeEtly con-
Quoted dairies are sending in poor butter.
The supply of cheese has been very
small here, for the reason that high prices
for butter have drawn most of tho milk to
the creameries. The lower prices now
ruling reverse this rule, and much of the
milk is going into cheese. SO that in few
weeks we shall have better supply of
superior cheese.
The only noteworthy change in the mar
kets yesterday was drop of half a cent
in eggs. which are yery slow at the feclina