Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1884-08-01
WHOLE NO. 1O,3e9.
THE HOP MARKET.
The Prospects What Eastern Dealer
Sav-Rfe.

Say-Etc.
There appears TO be a wide variance of
opinion as between the producers and deal
ers in hops. The former are inclined to
the belief that prices this year will range
among the high figures, and base their
ideas upon the reports furnished by lie MAY
and other English hop factors, which show
bad state of the hop crop in England.
The dispatch published in the REooRD-
UNION from New York, under date of the
18th instant, shows that the crop in that
State IS also short. II says THE eighth an
nual picnic of the hop-growers of Central
New York, at Oneida Lake, is now being
held, and l 200 persons are present Views
were exchanged regarding the crops and
business prospects generally. 1t was con-
ceded that this years crop is not up to the
last, when the counties of 0tsego, Madison,
Oneida and Schoharie received s. 900. 900
from foreign countries for their crop. 1t is
thought this years yield will be from one
third to one-half smaller" A dispatch re-
ccived from San Francisco Yesterday has
the following: "A London cable to J. T
Cochran & Co. reports no improvement in
the English hop crop. A great many hop
yards have gone bad The market is \
shade tirmHT. A New York telegram to
the same firm quotes the market as tirmer
and crop prospects more ,unfavorable.'
prominent hop-raiser of Sacramento
county received = dispatch yesterday morn
ing from hondoA. which read sVermin
increasing. At the utIanst, but one-third
of a crop will be secured Acting on this
information, and what he had previously
learned, the gentleman referred to says
that he will not sell a bale OF hops this sea
son for less than S5 cents per pound, and
he will not contract for large amount at
that tigure believing that by November
prices will be up TO 50 cents
On the other side of the question the
New York Daily Commercial BUilctir of July
23d says, in speaking of hops: There is
not the fainteSt indication Of improvement
in the marke'. Neither shippers nor brew
ers seem 10 require any considerable
amount of stock at the moment, and hold
ers are not varying on prices 10 an extent
that would induce either class of buyers 10
anticipate future wants. Whether goods
can be secured ut lower prices than those
quoted is uncertain, in the absence of bust
ness or any extensive offering. That
holders would find it necessary to
make round concessions 10 move
good-szcd lot of any grade is. however,
very probable. As matters stand, all prices
quoted may be considered quite nominal;
and from the standpoint of demand, the
Yesterday lot of 100 bales choice sold be
tween dealers at 2Sc, and that price is top
for cash business here. The MeSSrs Dale
Brothers announce the receipt in Boston Of
the first bale of new crop (lSS4) Eastern
hops on the 22d inst by their firm The
hops were grown by Mr.. L. R. Hayward, of
Easton, Mass, and were purchased by Mr..
John Roessle, prominent Boston brewer.
This receipt is believed to be the earliest
on record in this country for new hops"
The firm of Neubourg & Lagos, of this
city, who deal largely in hops, furnish the
following private correspondence for pub
lication:
NEW YORK; July 10, 1881
DEAR SIRS: There is no life TO our market.
and prices are entirely nominal. Reports from
the hop districts of this State speak well of the
growing crop, The vine is clean and healthy
No lice or honey dew all budded out and some
in full bloom, although not so heavy as last
year. Estimates of the yield are conflicting,
though all agree that it will be lighter than last
year. The cable reports of the English crop are
the same as in our last. The London market is
dull and inactive, with the prospect of a decline
in price. Yours, etc. DOLE u MERRILL,
A and i6 Pearl street.
CHICAGO, July 10, 1891.
DEAR SlRs: Your favor of the sth duly re-
ceived and contents noted, and we thank you
for the information contained. We do not at
present feel like contracting hops at so cents, as
our correspondents in England and papers from
Kent county indicate considerable Improve
ment in their hop gardens, which has had the
effect of reducing prices there and in New York
from to 10 cents Estimates from your coast
place your crop at about 20 600 instead of $1,000,
as you have it, and we look for tolerably low
figures in October and November We arc in
communication with the brewers here and find
there is a general feeling against making con-
tracts at present. We hope TO hear from you
Whcn there Is movement. Yours truly,
E. JONES & Co, CD Wells street.
CINCINNATI July Dist
DEAR sIRs: Yours of the 18th inst at hand.
We are surprised that you should speak of S0c
for contracts. On the exact date of your letter,
July 18th, we received q telegram from San
Francisco offering us contracts of Sacramento
at 25c. We did not, however, take any. We do
not care to contract anything at present figures.
Perhaps by the time this reaches you you may
be able to offer us something lower; if not may
be later just before picking. Keep us posted SIS
to the California crop and market Very re-
spectfully, A. LEHMAN K Co,
10 Court street.
HUNTSVILLE tN ". July q, 1884.
DEAR SIRs We would be pleased to havo
you advise US the lowest price you viii sell US
from three 70 five carloads of choice or prime
Sacramento Valley hops, crop of 1881 October
next shipment, draft three days sight against
shipment. The growing crop in this State is
looking well, and with continued favorable
weather we may reasonably expect surplus OF
over one hundred thousand bales for export if
the crop on your side comes down as heavy as
anticipated. Yours truly,
BRrDeE, BARRIER & Co.
r. j. Merkeley has full force of men en-
gagged in gathering his crop at the Com
stock ranch, on the Yolo side of the river.
ten miles above the city lie is also pick
ing at his ranch below this city, but the
crop there is not so far advanced Mr..
Lovdal, near Merkeley's home ranch, will
commence picking in few days, and in
less than two weeks all producers on the
Sacramento river lands will be gathering.