The herald., 1897-09-12

+ + +
A recent article in the Wholesale Grocer
Of Chicago gives an elaborate account of
fight which Is alleged to be waxing warm"
between the German Fruit company and
the Los Nietos and Ranchito Walnut
Growers association, in which account 1t
is stated that the Germain Fruit company
has authorized its Chicago agency to make
sales at " cent under any quotations the
association may make. In reply to this
article, the directors of the association
referred to are anxious to have it under
stood that 1t takes two parties to make
a quarrel and so far as the association
Is concerned it has no fight on hand with
anybody. It is also denied that the Ger
main company was ever a member Of the
association.
With regard to the walnut crop Of this
year, the Chicago Grocer quotes as fol-
lows: The total deficiency of the crop
will be about fifty cars, and the yield of
hardshells will be but one-fourth of last
years. but the quality Of the nuts will be
nne. The present estimate is from 100 to 175
cars of ten tons each. The low freight
rate to the east (s1.3O being the present
rate) and the shortage of the Grenoble crop
has created an active demand for the Cali
fornia product. The walnut growing dis
trict is not confined to Los Nietos, which
produces about one-fourth of the entire
crop Of the state, but Whittier, Fullerton,
Anaheim. Orange and several other places
grow walnuts of the best quality.
rtotn a;t1 <cy
disappear, says Thomas Magee. The owner
has 1t in his own hands. and it is, there
fore, subject to his own failure and mis-
takes only, and not to the errors or the dis
honesty of others. Land is the source of
all wealth, and has been everywhere the
sheet anchor Of independence and fortune.
It yields as high an income as anything
that Is absolutely safe can, while the ad-
vance in value taking one year with an
other, amounts of itself to handsome in
come in the majority of cases and to an
independence in many cases. The largest
combined fortunes in the United States
have been made through real estate invest
ments; the shrewdest men have unf1inch-
ingly stuck to it and have never been
disappointed. Real estate cannot fail and
cannot disappear. 1t especially commends
itself to persons of small means, for the
advances in values which occur in 1t are
larger than in any other investment which
affords absolute safety and security.
The worlds available wheat supplies (not
including Australian stocks) amounted to
sc, ,913, 900 bushels on September 1st, or 573,
900 bushels more than on August l. 1897, the
net expansion being the outcome Of q
total net August decrease in American
wheat stocks of 1,O27, 900 bushels in the face
of an August increase of stocks afloat for
and in Europe, amounting to 100000 BUSH
els. This is the smallest September 1st
worlds total recorded, and represents a
decrease since January 1st last of z, ,25O, 600
bushels, contrasted with shrinkage in
eight months of 1896 Of 1881, 900 bushels in
worlds stocks, which on January 1st were
S0.00O.00O bushels larger than we began with
on January 1st this year. The like falling
OFF for eight months of 1895 was more than
5000, 900 bushels, but we began the year
with 100000 bushels more wheat in sight
in the world than on January L. 1896, and
l5.000,000 bushels more than on Janutry l,
1897, In 1894 the worlds draft on wheat
stocks during the first eight months was
only SS.000.000 bushels, and We started on
January 1st with heaviest supplies on
record. like comparison in preceding
calendar years shows smaller totals of
worlds wheat stocks for January 1st, and
moderate Withdrawals therefrom during
the first eight months. pointing to a pros
pect for a surprising exhibition of strength
on the part of wheat prior to January 1st
next.
4 4 \
BY the provisions of the German insur-
ance law, accident insurance is furnished
by the German government direct to G9O.-
1856 employees in the naval, military, postal,
railway transport. forest and building serv-
Ices. Trade associations take care of &, 400, :
21S Industrial and 12,2s9,415 agricultural
laborers. Fishermen, domestic servants
and all persons carrying on small indus
tries alone, or with the assistance of a few
apprentices only, do not come under the
operation OF the law.
\ \ 4
The price of linseed oil has been reduced
; cents per gallon on American oil. This
puts tho price at IS cents per gallon in lots
Of flve barrels or more and SO cents for less
AAnu A~v~- - 10. an 49, a.. g.