HISTORY OF THE AMERICAN MENHADEN. 349 



41'S)42c., with buyers willing to pay about 40©41c. Sales of 50 bbls. 

 prime Sound make, at 41c., and GO bbls. light colored, a little off in 

 quality, at 40|c. We are informed that a bid of 44c. from Boston has 

 been refused for a large line of Maine make. 



1877. 



January 3. 



Menhaden oil is very quiet, as arrivals are light, but still dealers 



would not be inclined to buy at any advance. Holders ask 41'S)43c., 



with buyers willing to pay about 40'S;42c. No sales reported. We have 



noticed that the annual meeting of the Menhaden Association will be 



held Jan. 10th, at New York. 



January^ 10. 



Menhaden oil has been quiet for some time past, and dealers would 

 not take hold except at some concession in price, but this the holders 

 were not inclined to grant, and there were few sales for several weeks 

 past ; but within a few days there were sales of 1,000 bbls. Maine make 

 in New Bedford, to go to Boston, said to be off in quality, and we sup- 

 pose the price not to be ftir off from 40c. In addition to this, 408 bbls. 

 sold to come here, and 590 bbls. Sound make sold here ; but we are 

 requested to withhold terms. There was a lot of 150 bbls. offering 

 within tbe past day or two, but was not sold that we hear of. The above 

 transactions would indicate an easier market, but the advance in cot- 

 ton-seed oils may cause a firmer tone. 



January 17. 



Menhaden oil is not changed, but is dull. Holders are, however, gen- 

 erally firm, and look for an improvement in price later on in the season. 



January 24. 



Menhaden oil has been very quiet, and there have been but few sales 



for several weeks past. Prices are maintained, as the stock is light. 



The only sales we hear of are 50 bbls. prime, at 42c., and 75 bbls. light 



pressed, at 46c. 



January 31. 



Menhaden oil remains nominal, as there are no arrivals, no demand, 



and no sales. The advance in cotton-seed oil, however, is expected to 



have an effect on these. • 



February 7. 



Menhaden oil has not moved to any extent since our last, and prices 



have not improved. The only sale we hear of is a lot of 100 bbls. prime 



light at 45c. cash. 



February 14. 



Menhaden oil is dull and the price is quite nominal, as there has been 



no sales in the regular way for some time past. Buyers' ideas are 40 



© 41c. for good Sound oil, while sellers hold for 2 © 3c. higher prices. 



It is reported that a Boston party has bid 45c. for a lot of Maine oil, 



and this was refused. Pressed and manufactured oils are*not changed 



in price, but a small parcel of the former is said to have been sold low 



for cash. 



