The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-08-07
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Conditions OF the Louisiana Sugar
Crop
German Legislators Forbid Specializing in
Wheat-The Dutch Can Horse Heat.
The Trade of Japan

From all parts of the sugar belt come re-
ports of excellent crops. The cane, al
though not exceptionally high for this time
or the year. is very vigorous and the stands
are excellent. The favorable weather has
permitted the planters to lay by most of
their cane in good shape and it is likely
that another week or two will see this work
entirely completed The dry weather.
Wnlle 1t has in some measure retarded
growth. has done the cane no harm, while
1t has greatly aided field work. and should
sun1cient moisture be forthcoming from
now on there need be no fear of lack Of
tonnage by the time the grinding season
opens three months hence. Although SUI
gar culture has been more economically
conducted than ever before, every effort
has been made to secure the best results
from the crop. There has been some in
crease in acreage and the process of manu-
facture Will no doubt be further improved.
There is every reason, therefore, to look
for large yield dlaging the coming season,
exceeding that of last year and equaling
the banner crop of 1894. The present range
OF prices is not encouraging but it is hoped
tnat the influences now depressing the mar
ket Will have exhausted their force before
the louisiana crop is ready for sale.-New
Orleans Picayune.
The German agrarians have succeeded
apparently In persuading the government
to prohibit speculation in breadstuffs in
the Berlin bourse. The provisions of the
act. are not specifically reported, but it is
understood that the intent is to put stop
sale of privileges" but also the buying
and selling of flour and grain for future
delivery. and that this is to be done in
growers.
A majority of these persons entertain
the IDEA that buying and selling for future
toy fN Il
they otherwise would be, and that the en-
forcement of the measure will enable them
10 I, O., OBTAIN higher figures for the grain they
have made huge mistake to say nothing
of the gross injustice of the law
The selling prices Of breadstuffs will con-
tinue as in the past to be governed by the
cost of production, transportation and han
ding. the total due to these items being in
creased by the amount of whatever duty
obliged to import because the domestic
production is not sufficient for the wants
OF the people: and the indications are that
many, Irrespective of duty, will be lessened
in the future rather than increased, in
spite of the, prohibition of trading in fu-
hindered by this puerile measure
1t is too early to say just what changes
IN prices will result from the opening up to
the great transcontinental railroad in Rus
sia.. and the further development of the
agricultural resources of Argentina. But
It may be confidently stated that. as mod
ifier of such result. the prohibition Of spec
ulative trading in breadstuffs in Berlin will
be of no more avail than was the popes bull
against the comet.-American Elevator and
Grain Trade.
A recent report by the United States con-
sui at Rheims France. calls the attention
of the state department to a statement ir
foreign newspaper to the effect that ON
nibus horses of London. when past thei,
period of usefulness. were shipped to Rot
terdam and Antwerp, where they were con
verted into canned meat, which is retaileC
throughout Europe as beef, in sealed boxe.
with American labels. This industry the
consul says. is calculated to ruin the Amer
lean export trade if not stopped as more
than rs. 900 horses are used for this purpose
annually.
In view of the effort to induce the new
Japan steamer line to touch here. it MAY
interest the merchants to know that in 1885,
England sold Japan s65 900 900 worth OF
goods and bought S7,00OO00 worth. The
United States sold that country SO. 600, 00t
worth and bought $4,000 900. The figures
represent silver money.