Los Angeles herald., 1905-02-27
SLUMP MAY
COME IN BUTTER
EASTERN MARKETS ARE OFF.
PRICES DECLINED
Eggs Drop Another Full cent--or-
anees Are a Drug-Fish elut
ls on--Fsncy Potatoes
Firmly Held

Firmly Held
! According to reports In trade
circulars, lively doings may be
expected during this week in
butter. In fact several dealers who
seem well posted say that they expect
slump, as this market will not be
able to stand the strain, as receipts
are increasing with the increase in
green feed. This sudden change Of
front is based on rumors that the
eastern market suddenly developed
weakness and tumbled downward &c.
This caused the cancelling by wire. Of
many orders placed in the north be-
cause no dealer wants to receive a
| large supply of butter on declining
market. This condition is also aug
mented by the fact that $50 cases of
coast butter are expected on the de-
layed steamer that arrived Saturday
and by the receipt of $50 cases by ex-
press and freight. This large guam
tity, equal to about As, 900 pounds will
apparently go on the market with a
rush today. Hence the trade declares
| that If a panicky feeling follows,
prices will hit the toboggan and the
end will only come by some one being
bumped and the rest go into storage.
AS the eastern prices are lower, Ari-
zona and other points that have been
drawing on this market can now, it
is said, be supplied by other centers.
| This will compel local congestion and
further cause a weaker tone to pre-
vail On Saturday, however, the de-
mand still remained good and, as re-
ceipts were small, the supply left over
was not large.
EGGS AGAIN LOWERED. - With
$50 cases of eggs received on Friday
and reported to the produce exchange
Saturday morning, the egg quotation
committee of that body on Saturday
reduced prices on California eggs
1c, fixing the selling price at 22c. I'm
doubtedly the market opens today at
that figure, but it is likely that if
the egg receipts of Saturday and Sun
day should be large the price may be
further reduced. In other words, the
egg market as a whole, as is usual
at this active laying season of the
year, is in a declining condition and
prices will recede until the level of
receipts, consumption and actual
market conditions is reached.
Evidently the eastern markets are in
| much the same condition as the Los
Angeles market was few weeks ago.
as reports from New York say that
some shippers advise that certain
southern sections from which they
have received liberal shipments at this
season last year are shipping to
nearby markets, for the reason that
these markets are paying fancy prices
for eggs and that they can get quick
returns for shipments. The fact that
| traffic has been so badly interfered
with by the storms has caused many
shippers throughout the south to send
their collections to local markets.
These local markets seem to have a
very good consumption, as the prices
are much higher than are usually
quoted at this season of the year.
POTATOES ARE ACTIVE. = From
the lighter receipts it is evident that
the supply of high class potatoes in
northern shipping centers is not large
and that the sorted kinds are now in
! stock. No further great advance is
| anticipated, as many warehousemen
say they have only enough to carry
out the seasons demands. Fancy
spuds are still scarce. The former
choice are now made to take that
grade. Shipping demand is still good
into all ports of the sections reached
by Los Angeles. This excellent grow
| placed lands in splendid condition, has
enabled the ranchers to plant an in
creased acreage in potatoes, and if
the crop is as great as is now prom
| ised from the outlook, potatoes will
be plentiful after June and Southern
California. far into next fall, will not
be such large importer as in former
years Prices hold steady now and
the market will become firmer.
| The situation in onions is a steady
| and satisfactory one, as receipts are
not excessive, the supply being
enough to meet all legitimate reouire-
ments. Fancy rule at $3.25@S.5O. while
others are $500. Shipping is active to
some ports. Farmers say that coming
crops of silver skins will be large and
that the acreage is the greatest ever
known.
FRUITS AND VEGETABLES. = On
Saturday the orange market was de-
moralzed, as forty-two wagon loads
of culled oranges were offered at the
market. Over 500 peddlers gobbled
these and the best families had their
pick at 10c a basket These culls are
sweet. The best oranges were not
above $1.40 box. In this week deal
ers say they expect the orange mar
| ket to go to pieces as picking is
active, stocks are large and the fruit
is ripening fast. Lemons are steady
and grape fruit holds its own.
Winesaps from Colorado are from
storage and job at $1.75 in four tier
boxes; Missouri pippins, $1.75 belle
heurs drag at $1.10@1.25, and all other
California varieties range at 1880
$1.50 box.
In bananas the price is still 4c a
pound, the demand being good, as the
market absorbed eight carloads last
week.
Strawberries from Moneta are i'm
proved and sold at 15c a pint box on
Saturday No fancy Tropicos came in.
| Vegetables were somewhat scarcer;
peas firmer to 5@Sc a pound; string
beans, 10@12c; tomatoes, SO@9Oc a
rack. Coarse vegetables We're a drag.
FISH AND POULTRY.-Agai was
halibut a glut on Saturday. The de-
mand while good, made no impression
on the market
Crabs were plentiful and lobster
scarce, but sold well.
Rabbits were cleaned up. as was
also wild geese, at the close of busi-
ness.
Receipts OF Produce