MARKETING CREAMERY BUTTER. 25 



reporting agency. This quotation is established by them and is used 

 quite generally by the creameries of Minnesota, Iowa, and other 

 States shipping to the New York market. 



Chicago. — The Chicago butter quotation is published in the Daily 

 Trade Bulletin, which is devoted to the produce markets. This quo- 

 tation is used quite extensively by Iowa, Wisconsin, and other cream- 

 eries selling their butter on this market. 



Philadelphia, — At the close of each daily meeting of the Phila- 

 delphia Produce Exchange a vote is taken by the members upon the 

 condition of the butter market and the quotation for that day. This 

 price is marked upon the board and becomes the market quotation. 

 This quotation is published in the daily and trade papers by au- 

 thority of the exchange as the official quotation. It is used as the 

 basis of sales to retailers and also for purchases of butter from nearby 

 creameries. 



Boston. — The Boston butter quotation which is used as a trading 

 basis between New England creameries and the Boston butter dealers 

 is published in the weekly market report issued by the Boston Cham- 

 ber of Commerce. A committee of the Chamber of Commerce estab- 

 lishes a quotation on Wednesday of each week. A daily quotation is 

 also published by the Boston Fruit and Produce Exchange in the 

 form of a mimeographed sheet, which is distributed to its members 

 and serves principally as a guide for local trading. 



San Francisco. — The butter quotation at San Francisco is estab- 

 lished by the San Francisco Wholesale Dairy Produce Exchange 

 through the bids and offers on the " call," and is published by the 

 Daily Commercial News' as the official quotation for that territory. 

 The markets at Los Angeles, Portland, Seattle, Spokane, and Salt 

 Lake City are influenced to some extent by the San Francisco 

 quotation. 



THE ELGIN QUOTATION. 



The Elgin quotation is established by the Elgin Board of Trade at 

 Elgin, 111. At one time this town was the center of the creamery 

 industry of northern Illinois, which embraced a territoiy known as 

 the Elgin District. The creameries throughout this territory inau- 

 gurated a practice of offering their butter for sale to buyers at meet- 

 ings of the Elgin Board of Trade, which were attended by butter 

 dealers from Elgin, Chicago, and other cities. For a number of 

 years the quotation established for creamery butter by the Elgin 

 board was the basis at which creameries generally sold their butter 

 and also purchased their butter fat. Very little creamery butter is 

 produced within the territory surrounding Elgin at the present time, 

 as the sweet cream and milk supply is contracted for by condenseries 

 and Chicago milk distributors. At present there are a few persons 



