21 Oct 1911
Page 1
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Newspaper
Chicago Packer
Location
Chicago, Illinois, United States of America
Date
Oct 21, 1911
Page
1
In Chicago the egg market gained as firsts and ordinary firsts rose to 21 to 22 cents. Trading centered on storage stock with several lots in shipping cases posted at 23 to 24 cents, bids often below ask. Receipts remained varied, with Thursday and Friday totals around 3,410 to 4,910. The note highlights continued demand for fresh stock despite ample storage supplies.
New York October 20 Herb Emerson seeks 75000 dollars representing profits on 250 cars of poultry shipped to live poultry men formerly tied to a packing pool. He contends receivers and jobbers undervalued his stock and may sue for triple damages if a settlement fails.
The market notes thin demand for certain eggs and firmer prices for others. Prices ranged from 16 to 20 cents for store stock with high availability of poor to medium quality, while better grades fetched 20 to 26 cents in some cases. Storage eggs moved about 60,000 cases weekly. overall receipts were light, keeping offerings down and prices firm at week’s end.
Chicago dealers report live poultry prices slide further with little profit in handling shipments even as trade remains brisk and a heavy movement continues. Prices vary by item. turkeys and ducks sell steady while small hens struggle and receipts remain ample. Forecasts hint at turkey prices for Thanksgiving with expectations of Texas supplies and potential 10c movement.
New York butter demand remains fair and steady as receipts from May to last week reach 1,311,829 packages, vs 2,814,270 last year. Week end receipts total 42,325, with Monday through Friday varying daily. specials on call Tuesday at 21c for 25 tablets. Extras sell near 30c, lower grades 25–28c, storage creameries 28.5–29.5c, best output around 24.5c, No 2 around 19–20c. Market ends the week firm at unchanged prices.
President Taft declares the lemon tariff will stay unchanged until the Tariff Board investigates and reports. The Interstate Commerce Commission grants an early hearing on lemon rate re opening for November 15, prompting Southern California citrus growers to rejoice. Taft notes Senator Works inquiry on comparative production costs and explains the Board is handling cotton woolen and metal schedules first.
Secretary McNeill reports a strong turn-in for the Nations Poultry Butter Egg Association luncheon next Monday. Congressman Madden will attend, and 30 new members from firms like Blanchard and Meyers, North American Storage, and Beatrice Creamery join the roster. McNeill’s friends push him for president as membership grows to influence the leadership.
Chicago reports a generally top heavy butter market with creamery extras quoted at 29 cents. Receipts rose, and demand stayed light as buyers held steady prices while farmers anticipate a heavy milk flow this fall. Grapes vs wine grapes dispute intensifies in Dinuba California as independents push a $1 per ton price increase against the association.
Chicago reports a severe shortage across seed varieties for gardeners and truck farmers. Yields are forecast as low as 15 to 23 percent in Wisconsin and Michigan, with European crops also tight. Prices rise amid dwindling stocks as dealers race to meet current demand and fulfill contracts.
Market note from Chicago in October indicates onion sets are moving quickly as supply tightens after early reports of a shortage. Dealers report strong demand and limited remaining stock, with prices uncertain as buyers seek available lots.
The case before Master Morrison adjourned with little action as witnesses were sworn and government teams sought documents. Debates focus on by law changes and quotation reporting, with a possible next hearing next Tuesday and speculation on whether the board will be dissolved or restructured.
Chicago reports record potato receipts for the week with 522 cars in three days, yet prices rose despite heavy supply. Demand remained strong from local and distant buyers, lifting values across Wisconsin, Michigan, and Minnesota stocks. Thursday and Friday showed slight firming and then a softer note as traders anticipate a lower market next week.
Chicago carlot prices on bulk pears fell sharply as heavy receipts and ample supplies pushed the market downward. Kieffers sold from 100 to 150 dollars on track for extra fancy cars while common pears fetched lower ranges. Dealers overstocked and buyers held off awaiting a lower market, with many firms already forced to unload at losses. Barrel stock moved slowly from 1 to 1.35 dollars, extra fancy commanding a bit more.
Indianapolis mayor Shank declares he will stop buying potatoes for the public. He asserts his effort slashed local prices from $1.10 to a penny and hints the late crop arrival played no part. The piece humorously credits him with price drops nationwide and references the end of the effort.
Chicago reports a firm cabbage situation with prices rising about 1.50 per ton this week. Wisconsin stock sold up to 11 f. o. b. and California arrivals at 1.75 delivered. Outside demand limited due to rain, but storage plans may begin next week as outlook remains active for season.
Chicago reports question about F R Fender a possible alias of F R Farmelee linked to draft manipulation. Fender claimed to be Grand Forks Mercantile Co fruit manager, traveled from Colorado to Kansas City, then to Grand Forks and Omaha. The Grand Forks firm denies employment. Omaha and Grand Forks agents warn Fender may be heading to Michigan to buy apples for the company.
Chicago reports the accumulation of inferior Michigan grapes has largely cleared this week with a firmer market. Expect remaining stock from Michigan to finish in a few days though some culls may persist. Prices ranged 9 to 11 cents this week, New York fruit selling 13 to 14 cents. Receipts were heavy and good quality, buyers growing more responsive. Higher prices anticipated by large operators moving forward.
Abe Schwartz, who quit business months ago leaving a mess among shippers, has been seen around the yards recently. His press agent claimed Schwartz dropped into the News office this week. It is not clear what Abe plans to launch.
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