The herald., 1896-08-15
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Low Prices Being Made for New Crop
Raisins
The Iowa Antl-CIgarette Law Knocked Higher
Than GlIderoy's Kite-An Eastern
Paper on Japanese Steamers

The scare regarding the shortage of the
new crop of California raisins has not
amounted to much so far, although it is
practically certain that It will little later
The prices on the new raisins have already
been made, and they are considerably lower
than was expected. The opening figure on
crowns is 2$4 cents; crowns, 81 cents,
and crowns, 3s4 cents, all fob. In So
pound boxes. These prices are lower than
even those which the old goods are now
ruling.
The old crop of raisins is we'll cleaned
up, hence the high prices. OF late raisins
are the only dried fruit which has shown
much frmness. The same firms which have
quoted prices estimate the new crop at
300 carloads as against 1900 cars last year.
This Is scarcely more than SO per cent. The
first shipments of the new fruit will not
reach here until October, as the season vii!
be unusually late. Advances in the new raj
sins are looked for later..-Philadelph
The anti laws are having hard time
OF It, Iowa RECENTLY passed an anti-cigar-
United States Circuit Judge Sanborn
has decided the law unconstitutional, and
ordered released on writ of habeas cor
pus Donald McGreSor, dealer of Cedar
''The law was passed by the Iowa legisla-
ture and prohibited absolutely the man.
ufacture or sale of cigarettes within the
state or their Importation into the state.
McGregor was arrested for importing ci-
garettes and selling them in the original
packages. and an application for a writ
of habeas corpus was made to Judge San.
born. The attorneys for the petitioner
rested their arguments on the decision of
the supreme court of the United States
in the famous prohibition case that went
up from the same state some years ago,
after the prohibition law was enacted
there.
THAT decision is to the effect that the
federal constitution having delegated to
IN 10 on rnvaa
between the several states. the legislature
had no power to prohibit the importation
of liquors into the state or their sale in the
ney-General Remley argued that the legis-
lature had power to prohibit the importa-
tion and sale of cigarettes, and cited other
authorities to sustain his view. Judge
Sanborn followed the decision of the SUI
preme court and granted the writ
The New York Maratinie Register COM
mentng upon the establishment of Japan
ese steamship lines from between the orient
and this coast, predicts for that country
a rival of Great Britain and an element of
the greatest Importance in advancing our
own commercial supremacy That paper
says: 1T is essential from every point of
view. no less for national security than for
national prosperity, dignity and prestige.
that wei develop and expand to their ut
most limit the latent but unsurpassed ship
building resources of the United States.
and that we should build. own and operate
the ships that carry our commerce. Hence
we again say that We should keep our eye
lifting in the direction of Japan and antc
ipate any further inroads into commerce
that OF the Atlantic, and in which the Unit
ed States can be and ought to always be
supreme. Are our Pacific coast people
unequal to this emergency?'