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Show PRODUCE MERCHANTS WILL LOSE HEAVILY H - PHILADELPHIA, Feb. 2. Accord- H inp to a statement mado today by C, H M. Drake prosldent of tho Phlladolp- Hj hia produce exchange speculators, In H second grado butter In New York and Hl Chicago have been unable to find a H market for nil of their cold Btorage B hearings and will bceompellod to ship H 3,000,000 pounds of tho product to H Europo to save themselves from ab- H . aoluto H v Mr. Drake said thai ono largo specu- H ' lator In Chicago would loso about H $350,000 on 70,000 tuba of higher grado R butter purchased last spring for 31 H I and 32 cents a pound Today It la H selling at an averago wholcsalo price H of 25 cents a pound. H Mr. Drake uoid a speculator who fl had shipped five carloads of western H eggs to Phlhidalphla. had. lost heavily. H Tho cges cost J.he shipper, Mr. Drake H said, 21 centa a dor.on and ho got only B 16 con to wholesale In this city. |