The Minneapolis journal., 1902-06-28
n o.
LOOK TO 0LE0 LAW
Trade Interested In It's Effect on
Butter.
STEADY PRICES PREDICTED
Canned Goods Attracting Most In
terest In the Grocery List
The Drug Situation.

Interest In the produce trade at the moment
centers in the probable effect the oleomar-
Rarin law will have on the price situation
In butter, when 1t becomes effective next
week. Locally there is feeling that II 1t
&c to have any influence it will not be felt
for some time. and that values on all de-
scriptions of butter will remain about steady
at the present range. Since the passage of
the law by congress there has been plenty
Of time to prepare for its enforcement. Large
corporations that buy butter for consump-
ton in logging and railroad camps have
covered their requirements on low grades for
some time to come and packing companies
who propose TO mix oleomargarn and reno
waited butter, selling it as limitation" have
been In practically all of the western mar
kets and have secured sufficient supplies to
last them for month or longer. Conse-
quenty there will be no buying furry with
the change IN the law. Butter throughout
the week has been on a steady basis for all
grades, and this ia taken as an indication that
it will continue steady. Any excitement IN
the market due to the new law would have
teen felt by this time.
In other lines Of produce, steady market
ID also being experienced. Eggs have taken
. hrmer tone and have advanced 7ac. due to
0 continued heavy demand for storage and
consumptive purposes. Cheese in interme-
date grades is slightly lower. Poultry is
easier on young stock, with hens in lighter
supply and higher. Old potatoes have been
about sold up on choice stock and are a
trife frmer. New potatoes are lower and
In heavy supply. Other vegetables are steady
Dried peas are doc higher per bushel.
Old Apple Season Over.
The old apple season ended this week. New
apples coming forward and are selling on
= moderate basis, but demand thus far has
been comparatively light Plums have been
added to the varieties OF west coast fruits
offered and on a moderate basis. Other
varieties steady. Season for Minnesota
strawberries Is drawing to a close and val
ues are slightly higher. Gooseberries and
raspberries are steady. A good demand for
all kinds OF fruit has been experienced dur
ing the week for the Fourth OF July trade. .
Canned Goods Are Active.
In the grocery list, interest centers largely
in spot and future canned goods. Opening
prices have been made on Alaska salmon,
with red on the same basis a year ago
and pink &C lower in tails and flats. These
opening prices are lower than was expected
owing to the fact that old packing had been
closely sold up and trade has been very &C
tive. Peas. Strawberries and small fruits are
very firm on new packing. Tomatoes on the
spot are steady and futures are slightly
hrmer. Refined sugar Is steady. Coffee is
unchanged >end new teas are flrmer. Cured
fruits without important feature
Position OF Drug Market.
Market Is generally steady. Demand for
ouinine Is for small lots, but movement is
steady and prices are unchanged. Opium is
moving some better in small qualities, with
the market steady. Vanilla beans are in
better demand and the market is showing a
better tone Nitrate of silver has advanced
1c and is firm. In balsams, copaiba is active
In essential oils, bergamot is In particu-
larly strong position. due to the better tone
OF primary markets In flowers, interest cen
ters In new-crop chamomiles. In chemicals,
the only important change is an advance Of
10 IN Rochelle salts and seidltz mixtures,
due to increased price of raw material and q
heavy demand
%
Paints and Oils.
Volume of trade in prepared paints is sat
Efactory for the season OF the year. Lin
seed oil has advanced 1c per gallon, due to
the hrm position OF seed. Turpentine is firm
at 6515c a gallon for small-lot movement.
White lead IN oil and oxide of zinc are steady