Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1884-11-15
EThe Hop Market.

EThe Hop Market.
Emmett Wells weekly Hop Circular
THE advance here in New York of two or
three cents per pound without CORE
spending advance in London viii stop eX-
ports at once; while, on the other hand if
bounds, England will continue to take our
hops down to the end of the season. In
last weeks Circular we volunteered lit e
advice 10 our Pacific coast friends concern
ing the storage of their hops in San Fran
cisco. We would now add to the sugges-
tons then made, that it will not be well TO
let those hops remain on storage too long.
Our reasons for giving this advice are !:
First, the season for selling is slip
ping gradually away, two months of brew
ing season having already passed in which
large sales should have been made, and no
doubt would have been made had not
holders held at a figure which precluded
the possibility of exporting the hops with
out loss to the shipper. Second, 10000
bales 1--WE give the lowest estimate) is big
pile of hops to get rid of within ten
months even under the most favorable
holders should lose no opportunity to sell
at home or consign, when one presents
itself. Third, and most important of all,
Pacific Coast hops have not the keeping
qualities that New York State hops have
consequently do not make as good year
lings "a very important matter, especially
with the English brewer, who prefers to
use the American product after it has at
tanned one years age, and for this reason
State hops are taken in preference. Large
quantities of Pacifics can and will be used
both in this country and i'll England while
they are fresh and green, and this is why
we advise holders of such to sell early.
Another thing to be gained By early sales
is saving in warehouse charges which, in
! seasons like the present, of large crops and
limited export demand, is an important
| item. In the remarks set forth above we
| do not wish our Pacific Coast friends to
| think we are cndeayOring to underrate the
/ value of their product; far from ii. We
| simply give these facts for their benefit. and
we believe any hop man of experience will
| indorse all we have heretofore written upon
| this subject, and vOuch for the same as
| being The truth, and nothing but the
truth In the absence of business our
quotations are entirely nominal
| Below is given the New York business
Receipts for The week~............... $50 bales.
Total receipts for the season. ........26, 73l .
! Total receipts for same period last
year l19 -
Export clearances for the week to
Europe l9l5
Total exports Tor the season............. S.96f
! Total exports for same period last
year ,4i6
Imports Tor the Wcek....--.................. :03
Total imports for the season. ...-....... ,0$S
! Total imports for same period last
year ....-.-.. ...--......-....-... 10
The lates advices from London say
The trade passing this week has been
very disappointing, and we have barely
| enough doing to keep values III the ordi-
nary class firm. Choice hops, however, are
not affected, and move off steadily at full
rates. fit were not for our growers stand
| ing SO firmly, the quantity of hops offering
would be too much for the limited demand,
and. unless We get more animation infused
into our market within the next few days
1t looks highly probable that we shall see a
decline in values.
! The last report from Utica y. Y says
| The hop market is as dull as, or dulleT
| than the cheese market No business to
| speak Of i doing here, although few small
! lots have been taken at 20 cents. Pier
Brothers have sold few bales Of German
| hops tu brewers al A. cents. If such hops
az WI ''T,'9'' ~ ''Ii ''4 - nv l'iiIo
OF OWN own here at home, what chance 90
our hops stand competing with them IN IN
England. wien the German can be lald
! down IN that country at y cents? hnmet
| Wells reports That CallfoTmlanS are being
put IN siofehonSes at San fianHsG2-qu
am unheard-of thing heretofore. We don
understand whether they are 10 be held for
! better prices, or whether they are stored
| because there is no present market for them.
ne ia''er seems 10 De the more llhe.S
re had at the East now for 20 cents, but
very few buyers who are willing to take
them. Has anybody noticed that buyers
are not specializing this year? When they
receive orders they have to buy and fill
them. hut there seems to be no stocking
up as in former years Why should Zeal
ers be so excessively cautious2 Can it be