The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-10
DUSTON WHOLESALE MARKET

TO 2 close The finishing run took place
| IT, pSo flhco, where the last Of the Val
ls! output Was sacked and failed rnr.
nius me total amount of tho harvest IA
g rua $500 sacks, There have hecn
been aS large as this year but pcrn, I i,c'
I"ie Mith 50 big price. AT tho nresnn,
Rlcyallng price The crop Is cstinated ~
i9stCoooF ~ Ont Of the 200.Oop sacks about
It9,Wn bags are The small white and tbc
ealance the small pink or California hoen
~ iiar about 10000 sacks have been son,
ton 'a and 'SNl sHy going principally to BIOS.
Of mis- u ve Nv aolk a large percentage
government for the army. Severnl largo
shlpplng firms have received contracts ara
urN now preparing 10 MI tho order.
The Williams Flash company NJ New
York report on cotton seed products. There
mas been some slight improvement In the
ucmahd for cotton oil during the past week
nut this refers moro TO crude than n does
10 refined. this latter grade stlll beng
utterly neglected The reason for this is
That there is no export demand; In fact,
lhe demand at the moment for any grads
or cotton oil Is coming entirely from the
shlu 'ompounders and they naturally pre.
ut 10 buy crude. The demand for this
laiter, however. Is more or less spasmodlc
At first one buyer enters tho market md
puIs few tanks and he then withdraws
or reduces his hid, lie Ia followed then
~ some one else who docs likewise, SO
!hat the market Is alternately duh and
tneh iairly active. on the other hand,
inc mills are Offering rather sparingly and
TAKE 1t All in all, there does not seem to
pc anything In sight to cause any sharp
decline NJ the moment While. on The
other hand n lard holds Its present price
or advances stlll further. oil will sympa.
,inze WIN such an advance. but the on
IRE situation Is dependent entirely on the
course OF lard
We quote tho market at the close as
steady; prime yellow 42c asked. 4lc bid;
mills, 35Ac ~ ~ '"'
In MONDAYS New York Commercial Mr.
6 A. Washhurn Of Los Angeles says that
Eastern iobbers in California olives have
lost confidence in California growers
p,cEling processes on account OF the many
methods used and the lack Of stability
Of prices. lie summarizes the evils of the
Industry IN California as follows: Alb
sCence Of a good uniform system in pre-.
par.ug the fruit The excessive expense
OF selling individually the finished product
when manufactured nv the growers. and
the consequent instability of prices or tbe
absolute necessity of dependence on the
dictates of public mil Absence of or
ganzation whereby the grower is denied
that close touch with the trade necessary
to success.
Mr.. Washburn urges cooperation For
the past three years the trade has paid
the importer in Los Angeles from s. 10 TO
SO a gallon in advance, to depend on
the size of the package. for what is
claimed 10 be pure quality Of italian
olive oil
BY tho tariff act of 1897 an import tax
of soc gallon was imposed The torn
and the importers price are the same to-
day. but within the time mentioned he
California pro duct has declined from S3.O
to SIS and always to meet foreign COM
petition an argument Of the jobbcrs that
has not vet lost its effect upon the IN
sUspe.ting grower.