Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1883-06-20

of so cents. a large Chicago dealer, who
received ssven or eight carloads from this
city last season, ssys ne has eighteen bales
left over, which is too many by about twenty
| bales. ALSO, that there viii be no 20 cent
hops in that city this year.
The yield In this section viii be less TO
the acre this year thsn last from the old
! wires, as well as rev, but the increased
| acreage will put the total yield 20 about
/ II, 600 bales, or LOCO more thsn last year.
/ TIE vines do not look as vigorous as az the
| same time last yesr. but eloser estimate Of
/ the crop csn &c made in about two weeks,
| when they viii be in bloom. Ia some yards
| the falling of from lat year is now essi.
mated at l, 600 pounds to the acre.
| The Tines in New York were not winter
| killed, as at first reported, and the prospects
now sre of better crop this year than last.
! The w. 81. & II. lie May Report of Lon
don, England, under date of June lat says
/ that there Is a general depression in the mar
| ket there, and Americans have recently de-
clined from twenty to thirty cents It says
The American hops ere now the cheapest
/ in the world, and viii command immediate
attention, as they are the only foe hops left
for the next four months consumption Of tie
world, all the fine English and Bavarian
hops having now been entirely exhausted.
! The hop bine during the past week has grown
very fast, and is now oYeTtakipg the back
| wsrdness OF its first state. There has been a
| fly or two seen in several gardens, but not
/ sufficient to create alarm. Mold has also
been reported from Goudhurst, but this is the
only instance. The prospects on the whole
are favorable" There has been great fal.
| ling off in importsti0ns, for the imports Of
| foreign hops into England the preceding week
were " bales, and for the corresponding week
last year $50 bales.
1t is estimated that there are 2, 800 bales
yet on the coast snd it is reported that one
firm in San Francisco holds LOO bales Of
| these.
There was a recent conferences of hop-grow.
ers and dealers held in Albany, n. Y. Re.
polters were excluded, but au Eastern ex.
change gives the following in regard to the
meeting The admitted facts are that about
forty dealers and growers were st the meeting
| stthose present hold little more thanSalf
Of the hops in the United States outside OF
the brewers hands that outside Of the State
of New York there ara only 8. 800 bales that
the total bales in the United States il d.
| 769; that New York city holds 8, 800 bales,
| against (sboui) %, 500 bales at this time last
year; that Europe is practically bare of
hops; that, at an inside calculation, the
| 5000 breweries in the United States will
| need $1,000 month, in addition TO what
they have on hand, from this time until tt g
| new crop becomes available As this esti-
mate puts the needs of brewers at a., 900 to
| 90, 900 bales, against possible supply of d.
769 bales, the dealers who hold hops pur-
chased at 75,, SOC, SOC and 81, are sure of
large profits if they wait and are wise. But
it is given out that the conferees, so far from
| advising corner" resolved that all orders
should be filed by members of the meeting
at such prices as the goods could be obtained
in the open market. Right here is where the
gift of guessing and specializing may be
given play. The members of that conference
claim to hold 10 $50 of the q, 796 bales of
hops in the United States. They are in
favor of filing all orders at prices at which
the goods can be obtained at in the open
market. If they fill orders by buying of the
| II, 600 bales not in their hands they reduce
the visible supply and keep their 1892 bales
| for as neat little corner as was ever formed.
Certain it is, from all that can be seen and
heard, that no hops held by the Albany con-
ference, have been used since that date to fill
orders. Yet orders have been filled by par
Elephants in that meeting.