26 Oct 1907
Page 1
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Newspaper
Chicago Packer
Location
Chicago, Illinois, United States of America
Date
Oct 26, 1907
Page
1
Chicago market notes slow activity across storage bags and eggs with April refrigerators offered around 19 to 19 1 2 cents and bids near 13 to 18 cents. Receipts of fresh eggs decline, while beans and grapes show mixed demand and prices. Weather and holiday demand influence veal and potato markets as prices drift and buyers await cooler conditions.
Potatoes show a moderate price drop as Northern white stock ranges from 65 to 66 cents in bulk, with other colors at 69 to 70 cents. Cabbage and cranberries trend higher in jobbing markets, while early blacks and related fruits face limited supply. Apples remain dull with little price change. Michigan stock sells around 4.25 to 4.60, and lower-quality fruit fills most offers.
Chicago reports the nut market in flux as Costa of Inocchio Costa & Co says English walnuts from California push buyers to hold purchases while prices may fall. pecans show uncertainty with talk of a bumper crop doubted. Meanwhile a Grand Jury expected to indict Nathan, former bookkeeper at Marville & Jones Co., for alleged bogus shipments and peculations based on cancelled vouches and other records.
Onions in Chicago show one of the strongest demands this market has seen. Dealers report good shipping but cannot fill orders as prices rise for this season. Immediate delivery sales range from 1.00 to 2.00 dollars per bushel with prospects of further advance if demand sustains. No future delivery sales reported.
In Traverse City, F. Hoffman shipped 1,000 barrels of apples on the steamer Missouri to Chicago, totaling 1,961 barrels this fall. The crop, notably the Soya variety, is strong with high demand and prices, and picking aims to finish by November 1. Potatoes, carrots, and eggs show rising prices, while milk and cream remain more profitable than butter.
M A Reach representing W R Lamia of New York says he has seen strong business in Chicago and the western territories. He reports orders for grapes onions oranges and other fruits, with several cars already dispatched. Reach plans more western stops before returning east.
Poultry outlook notes one half cent rise for spring chickens in Chicago as turkey crops are about one third short. Cold weather may hinder fattening with demand expected to slump ahead of holidays. Grapes remain in steady demand with modest arrivals. New York quality fetches higher prices than Michigan, Shautauqua and Erie brands gaining ground. Concords sell 21 to 23 cents per 8 pounds. prices around 46 to 50 cents per pound.
Cincinnati reports heavy weekly produce trade with large potato arrivals from Michigan plus some from Minnesota and Wisconsin. Prices vary from 65 to 30 cents for early stock, with inferior stock down 10 cents. Onions steady with prime stock moving, cabbage from Ohio rising, Holland seed slow at 15 dollars a ton, kraut stock at 12 dollars, apples plentiful but firm at about 2.00 per barrel, and rutabagas from Canada around 1 dollar per barrel.
Genoa Junction Wisconsin reports contracts for two cabbage storage houses with 1000 ton capacity to handle this season. Chicago and Kansas City buyers finance the project as the cabbage trade expands due to higher prices. Farmers expect an average crop with potential price gains before storage season fully starts. Genoa Junction’s rail access positions it to become a leading cabbage shipping point in the near future.
Oct 26 report shows buyers in Wisconsin unsettled by strong New York state cabbage prices. Holland stock selling at 8 to 8.50 per ton, with Wisconsin farmers paid 8 to 8.50. Trade remains slack, few shipments compared with prior years as industry watcher C A Kerr notes easing demand and hesitancy about future prices.
Kansas City market reports show Florida oranges and grapefruit in light supply but selling fairly well. California lemons ranged around 4.50 to 2.5 per box, Mexican oranges steady, and Western fall apples from 1.75 to 2 per box. Spanish onions offered at 1.40 to 1.60 per crate, while onions and related produce saw limited demand and varying prices. Concord grapes from Michigan and New York sold slowly due to mild weather, with eight-pound baskets at 25 cents.
Chicago reports steady apple receipts with limited active trading. Stock quality ranges from medium to ripe, with choice varieties selling quickly into coolers at high prices. Eastern and western barreled stock bring four dollars, and western box apples vary from one to three dollars and twenty cents, reflecting quality.
Cobden New Jersey reports a light sweet potato crop this season about 50 percent of normal. Early planted crops yield fairly well while late plantings suffered from excessive rain and timing issues, leaving stocks good but overall harvest down.
Oklahoma growers in Raine Mont stock report say the second crop of Triumph potatoes is maturing well in Spencer on October 18, 1907. The Packer is urged as the farmer’s paper, noting ideal weather will likely produce two thirds or more seed this year, per A. G. Keny.
Cincinnati dispatch reports the Queen & Crescent railroad began refunding overcharges on carrots and strawberries after the Interstate Commerce Commission ruling in August. The decision cut 5c above regular freight to 7ic per crate for eleven hour fast service. About 360 cars, roughly 430 crates per car, are rebated, totaling around 41,000 crates and over $1,000 in refunds. Growers and multiple markets will participate. Evansville Tenn and several northern cities are included.
Detroit firm Diamond Bros. files in bankruptcy after potato deal reverses. Referee Harlow P. Davock sets first creditors meeting for November 5 at 2 p m in 415 Moffat block. Stock from Diamond Bros. to be sold for cash on November 6 at 29 Woodbridge street, subject to court confirmation.
The cranberry market in Chicago opened firm with higher prices than last week. A. A. Chaney of the National Art Exchange notes orders pending and implies sellers will struggle to catch up. One car of Blackberries from New Jersey sold at 25 cents. Wisconsin stock moves slowly though demand remains strong nationwide. Next week supply from Wisconsin may improve, but much stock is already spoken for by the Wisconsin Cranberry Sales Co., limiting price relief.
Chicago editors report a push to establish fixed daily poultry quotations along South Water Street as salesmen and commission merchants push for standardized prices before the holiday rush. Shippers nationwide back the plan, citing current price variances and the need for reliable market settlements.
The butter market remains steady with prices unchanged from last week as receipts show little change. Extra tubs sold at 28 cents, firsts at 26 and a half cents, with fresh lots offered at 27 to 28 cents, indicating a healthy supply and steady demand despite higher quoted prices.
A compilation of brief market notices from Indiana to Kansas in late October 1907 notes Indians firm selling onions and potatoes to The Packer, with reader thanks for ad response. Reports include Boonville walnuts, Kansas City market improvements, quiet butter trade, and a correction from J. E. Brewer about storage eggs.
M H Cooley informs readers that potato buyers misinterpreted his October report noting local potato stock will be insufficient. He states 4 or 5 carloads will be needed to meet trade demand and thanks readers for space to set the record straight. Malaga grapes in generous supply at Kansas City with favorable market conditions.
Kansas City Oct 26 The fruit and produce dealers dinner drew nineteen members. F Ralph Hurst led the meeting as entertainment committee proposed a stronger program for December 7 inviting commercial agents of all roads with Kansas City offices. J H Krug named next dinner chairman J E McNamara to assist. Early closing Saturdays discussed and postponed.
Cleveland reports a more active potato trade with mostly Michigan stock that is not keeping well. Sweets, cabbage, apples and oranges show price movements, while butter and cheese weaken. Poultry receipts are poor with few turkeys geese or ducks arriving and storage prices easing as holders cut prices.
Delia of the Queen City Produce Co. earlier known as a Denver wholesale firm at 1535 Market Street was attached for debts Tuesday and shut its doors. The firm, which moved from the retail district after buying out Smith Produce Co., handled fruits vegetables eggs and poultry and reportedly owed substantial sums to local creditors.
W P Hummel receiver explains there are only 3500 outstanding receivers certificates, no bonds issued, and a large floating debt. He argues the factory was undercapitalized, shut down after filling orders, and that with adequate capital and proper management the plant could be profitable, though stockholders likely receive nothing. He offers to provide full information upon request.
Knoxville fruit and track growers organized the Knox County Berry and Truck Growers Assn with about 35 members. Officers named include President Samuel E. Cooper and Secretary Treasurer John E. Lane. The group plans to pack and ship berries and cantaloupes, boost seed selection, and revive local grower interest, aiming to expand membership and increase profits.
Hens and springs markets remain weak with prices down a half cent on change this week. Receipts are moderate for the season and demand is not strong unless prices are concessioned. Broilers turkeys and young ducks show good demand and geese inquiries rise.
Storage drives price shifts as butter falls to 36 cents a pound while Eastern grades rise. Fresh California stock weakens on exchange and street, storage and eastern goods dominate trading. Eggs stay near 61 cents, California flats at 48 cents, and onions and potatoes show varied firmness amid scarce river stock. Watsonville apple shipments reach 88 cars, Tokay grape exports from Lodi set to rise, and California growers protest Southern Pacific discrimination affecting potato haulers.
Chicago reports crippling telegraph stoppage disrupts carlot trade with 26 hours needed for a 25 mile telegram and no quick communication. Dealers discuss opening near South Water street but expect little change. City seen as strike storm center, amid push for a federal settlement before December Congress convenes and possible petitions for intervention.
Cincinnati market reports a very easy week with sluggish demand for poultry. Analysts expect a more active movement next week as prices stabilize and buyers regain confidence.
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