The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-05-07
BAD BREAK in
BUTTER and EGGS
WARM WEATHER AND IN
CREASED PRODUCTION RE-
SPONSIBLE.
No Grass Butter Has as Yet Reached
the Local Market-Eggs Are Show
ing More of a Loss in Gambling
Than Formerly-Poultrya and Meats
Are Weak, Too Much Poor Stock
Now Coming.

The gain Of last week in butter has been |
more than offset by the sharp declines or
the past few days. New York opened the
game by showing a drop of cents in
one day on the price of creamery extras. |
and this generally demoralized the whole |
list in all markets. The southern butter
producing states are now forwarding the
full grass product, and the outlet Is too
limited to even care for receipts, much
less allowing receivers to hold values any
where near former figures. Taking cold
blooded view Of the general condition from
q disinterested observation of the facts, 1t
looks like q cheap year on butter. During
June the production Is away above con-
sumption, and this surplus has to be cared
for in some way. In past years, there
seems to have been enough speculative
talent with money to buy in these goods
and hold for a profit. But late expert
ences have been disastrous. and while
there are still a great number who are
wiling to invest, the paying basis for the
goods will have to be considerably under
that Of 1908 or even previous years. The
movement Of butter during the week into
retailers hands has been comparatively
moderate, as such buyers usually lay
down on the market when values are on
the decline. This has allowed more or
less Of an accumulation on creamery
makes in local boxes. which will take
some time to clean up without cutting
values too sharply. Dairies while not In
proportionally as heavy supply as cream
cry makes, are weak and do not move out
satisfactorily to the trade. No rolls and
prints of fancy quality are now coming,
but few lines Of choice are bringing
shade better than packing stock prices
from bakers. Packing stock Is holding up
surprisingly we'll, but it is hardly safe to
buy on a basis Of present quotations, as
lower range Is more than a possibility so
long as present disturbing conditions rule
on tops.
The decline eggs for the week aver
ages about 80 cents per case The small
number who have been putting stock into
coolers have about gone their limit on
high priced eggs, and have settled back
TO see what May prices will develop. Re-
ceiptS are fairly generous, In fact, are
showing a considerable increase over April
figures. The warmer weather is already
increasing the shrinkage on current re-
ceipts, but ought not to be serious for
some time to come.
The cheese situation fails to develop
any favorable features. Brick has been
high, but Is settling down to more rea-
sonable basis, best goods being now quot
ed at IL cents. Stocks Of twins and flats
are not cleaning up very fast, and there
is nothing encouraging for the present.
Poultry is rather quiet. Receipts have
been moderate, otherwise values would
have gone to pieces before this on all
lines. Young ROSTERS are becoming
SldSSy, WHIe turkeys are mostly thin and
unstable, except to hotel and restaurant
trade. Quotations on dressed have been
withdrawn. as live are preferred. Dressed
meats are weak, especially so on any lines
except extreme tops. There has been ar
over supply all the week on veal with 6
lower range Of prices on the entire list
Milk lambs are slow, and values de.
clned sharply the fore part Of the week
Some state fish are now coming and the
D. demand Is ample to care for good sizec