Los Angeles herald., 1905-03-27
LOTS Of BANANAS
IN THE MARKET
DEMAND STEADY AND PRICE
WELL SUSTAINED
Eqq Situation Is Proving Puzzle to
Eastern and Western Dealers.
Potatoes Steady-onions Firm.
Fish Plentiful

bananas came to this market. or these
carloads eight arrived Saturday and
were the belated shipments held east
of Yuma owing to washouts. The frult
being in refrigerator cars is reported
arrived in excellent condition, In fact
some dealers say that better care to
preserve the goods has been taken
than if rushed through on regular
schedule time. AS the market has been
short of bananas for about two weeks
the demand is taking stock very fast
and shipments are reported active.
Quotations are firm at 4c fiat, and as
the fruit is not damaged and ripen-
ing in good form the usual demoral-
ization from peddlers is not in evil
dence at this time. Receipts will not
exceed eight carloads this week.
EGGS ARE STEADY-While re-
ceipts were large of eggs Saturday the
egg quotation committee fixed the SELL
ing price of California ranch at 20
cents. That was the closing price for
last week, and at that figure the mar
ket doubtless opens today? Demand
Is good and prices are reported firm
1t is stated publicly that eastern
10 cents dozen.
EGGS IN CHICAGO-In Chicago the
egg market is still unsettled. There
was decline from 19c for extras and
1Sc for frsts to 16c for extras and 15c
for firsts, which figure was reached
Thursday. J-st now the consumptive
demand is fine and 1t may be that the
reduction expected will be retarded for
several days, but it is thought there
will be lower price next week.
Plenty of talk is now being heard
about the storage deal, but few eggs
have been bought as yet, as most deal
ers are looking for lower price. 1t
has been rumored that one of the
largest houses on the street that has
been preaching a lower price, offered
to contract for 5 cars storage packed
at 16c.
EGGS IN NEW YORK-The sensa-
tional break of &c in the New York egg
market within three days would not
have been sensational had it stopped
at about 1Sc, but when on Wednesday
it dropped to Tic, which is one-half
cent lower than April contracts have
been made at, 1t created considerable
thinking in the trade.
That the coming season will be the
heaviest in the history of the egg pro-
ducing business there does not seem to
be the least shadow of a doubt in the
minds of those New York operators
who are supposed to know. This also
is admitted by the larger western re-
ceivers almost to a man. Representa-
tives OF New York houses who have
spent weeks travelling in the west, as
well as the general correspondence
from the egg accumulators in the pro-
ducing sections point in this direction.
The April egg deal right now is more
of puzzle than 1t ever has been.
The entire trade seems to be wait
ing for the month to close and the
sporting blood among the spectators
Is apparently lying dormant. But
what the eastern receivers think and
what the western shippers idea is of
the situation are two different things
and the winner has been for the past
few years the western shipper who
has been ably assisted by several
plungers who sometimes have made
good and at other times have not.
Last year during the month of April
the price ranged from 171ac to 19c, the
bulk of the stuff coming in at 18hc.
Summing the whole situation up in an
egg shell the eastern receivers expect
the heaviest production ON record and
therefore, much lower price than last
year, and the western shippers, while
they acknowledge the increased pro-
duction, generally believe that the up
ward trend i'm the price of all COM
modities together with the enormous
increase in consumption of eatables Of
all kinds will warrant them in holding
out Tor nlBnef price.
BUTTER UNCHANGED = Receipts
of butter on Saturday, in face of
lower prices, fixed by the butter board,
were large and while the article
moved well. some surplus was reported
and this. II is said, was going into
storage. The output of butter is large
and the consumptive demand is no
greater, hence the natural surplus
must originate. Today it Is said the
receipts may show the usual normal
amount, and IL the coast steamer ar
riVes this afternoon the stock OF coast
creamery will be largely increased.
The fact developed Saturday that for
two past weeks the butter board had
endeavored to lower prices OF creamery
butter, as the membership we'll knew
that the output must force a reduction.
AS to the future of the market the
opinion prevails that lower prices will
follow In order to get from under the
surplus and that this will go into cool
ers. Shipping has been better as east
ernl connections are restored
Cheese remains steady for the pres
ent and seems to enjoy a better posi-
tion. Prices may so lower, but II is
thought that several days win elapse