08 Jun 1912
Page 1
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Newspaper
Chicago Packer
Location
Chicago, Illinois, United States of America
Date
Jun 08, 1912
Page
1
J D Marshall, long time manager of the Interurba Auction Co city department, has left his post as the firm trims staff. The company, once active with a retail branch at Varick Street, shows dwindling receipts and limited merchandise, with three key staffers remaining amid broader layoffs.
More than seventy poultry, egg and butter shippers and dealers from across Ohio met in Columbus to form the Ohio Butter Egg and Poultry Producers and Shippers Association. They endorsed loss-off egg buying, heard talks on organization and quality pricing, and planned steps for immediate action. Officers were Chas Storer, Frank Wellman, and William Bibler. Next meeting date to be announced.
A fragmented wrap of market notes from New York to Chicago and beyond covers berry and fruit crops, potatoes, onions, butter and eggs. Reports mention big Arkansas peach crops, Michigan huckleberries, and new firms in Chicago, with trade notes on freight rates, plant protection, and regional price movements.
New York egg market reports large stock inflows despite a small recent dip in receipts. Through last Saturday, March shipments reached 2,170,950 cases versus 2,904,060 a year earlier, with weekly receipts around 172,618 cases. Day by day, arrivals ranged from 26,194 Monday to 30,761 Tuesday, 26,277 Wednesday, 19,044 Thursday, and 21,131 Friday. Traders foresee continued heavy summer receipts while Greater New York demand remains at record highs, eating eggs at roughly 100,000 cases weekly. Storage-packed quotes have disappeared as activity slows, with a cautious market tone for fancy eggs and held stock.
The Chicago egg market moved to a summer operating basis as storage stocked eggs rose sharply per the June 1 warehouse report. Prices for firsts ranged near 1 cent, with higher rates for extra grades, while receipts and car lots showed varied bids and offerings across Kansas Iowa and Missouri stocks.
In New York the June butter market shows a weakening trend with prices slipping from 27% to 28 cents on the street while overall receipts for the week totaled 227,100 to 227,709. Demand remains steady for creamery stocks and wholesale buyers, with prospects of higher prices next week if arrivals decrease and market activity shifts.
Frozen poultry prices show firm to higher quotes with milk fed broilers 25 to 30c and corn fed 23 to 27c. large fowl 16c for large sizes and 13 to 14c small sizes. Live market unsettled with eighty fresh cars and roosters 9c turkeys 12c ducks 12c geese 9c.
Chicago reports a weak market as hens remain around 12 cents at stations after June supplies swell. Receipts totaled over 30 cars and 1,000 coops by express through the week with some days showing slight declines, while spring chickens fetch 28 to 32 cents per pound and other fowl remain steady.
Chicago vegetable markets were generally quiet as prices rose slightly causing softer demand. Beans and peas held steady, tomatoes scarce with steady demand, sweet corn firm, and lettuce mixed with variable head quality. Receipts were light and quality variable, with expectations of potential market improvement this week.
W C Kneibes, once failed in South Bend, returned to Chicago from Florida where he had been working for a consignee. Rumors say he plans to work in Michigan again this season but may avoid areas tied to last summer. Shippers in Eau Claire complain of heavy cash purchases then consignments. one shipper says two cars of fruit yielded little return while Franz claims a $400 debt. Kneibes asserts insolvency but claims railroad assets cover debts, though payments to these shippers are not seen.
Chicago potato market sees a go as-you-please week with heavy receipts and lower values. New stock shifts at 1.40 to 1.60 while old stock brings 1.00 to 3.15. Texas stock losses push prices down amid widespread dealer activity. Laredo onion shipments top 4,500 carloads with prices holding steady and forecast to reach 8,800 cars.
Complaints reach The Parker about The Union Commission Co of Springfield soliciting shipments in southern territory with unpaid remittances. Similar issues tied to Western Produce Co and a parent branch prompt speculation J Puglisi may be linked to both concerns, harming reputations in trade circles.
Chicago reports butter trading on a basis of 1 to 1c above Elgin prices amid steady receipts around 32,000 tabs daily. Creamery extras bid 2 1 2c over firsts at 24 1 2c, with packing stock noted at 2c and pockets posted at 20 1 2c. June warehouse data shows a 12,344,100 pound storage shortage versus last year, signaling tighter supplies and cautious buying ahead of a likely big butter run.
From De Queen Arkansas on June 7 officials forecast a statewide peach yield that could set records. The Packer man estimates 6 000 to 6 500 cars with high quality fruit in the main districts despite a poor outlook in northern Arkansas due to cold hail and heavy rain. Shipping should start early July from southern points with Elberta peaches dominating.
In Chicago on June 7 onions sold well with slight price drops. Texas Bermudas fetched about 1 per crate while Wax stock sold around 1.15 for the best. Most receipts kept well though some white onions were rotted and dirty and had to be sold cheaply. About 75 cars moved early in the week, yet the market remained steady with expectations of little further declines.
In Chicago on June 7, berry markets show general price gains with steady sales of Indianas, Kentuckys, Missouris and Michigans. North Carolina dewberries and rooseberries from Illinois and Missouri appear in small lots, while dealers prepare for next week’s heavier Michigan shipments and emphasize accurate case labeling to avoid mixed lots.
Louisville reports minimal potato crop concerns with favorable weather and an expected normal yield. Shipments on two rail lines, mostly white Cobbler Carman and Puritian seed stock, point to a strong outflow of potatoes by rail and boat toward Cincinnati and regional markets. Celery markets in New York show strong Bermuda demand and tight supply with high prices. Bermuda crop short and blight visible. Bangor Maine rail shipments tallied May totals of 56000 bushels. Chicago hearings resume in Government vs Butter and Cheese Board case with further suits anticipated against Elgin and New York exchanges.
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