Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-11-20

SAN Francisco, November IA, 1884.
For the past ten days hops have been
a secondary consideration public in
terest has been conferred on the election,
and until the result is officially declared
We do not look for any business the
market has remained fairl, steady !;
prices have not been changed, except in
buyers minds; several lots have
changed hands lately at full figures IL
cents was paid this week for 100
bales Russian River what sales have
been made thus far have no sigpifi-
canoe ON the future Of the market !;
some growers sell every year with the
harvesting ef their crop, while others
sell through the force of necessity but
the great majority Of growers have no
thoughts OF selling at present. and are
perfectly centented to wait until brew
ers are forced on the market to buy.
That time has got 10 come, aud the
longer II IL put Oh. the greater hardship
IL will work on brewers, for the rule is
when every one wants TO buy, sellers
have pretty much their own way about
prices.
What a strange condition the hop
market at present presents, as compared
10 this time year ago, when out of
1900 bales produced oa this coast over
81, 900 OF them had been sold and shipped
out OF the country at prices ranging
from l61S TO 49, cents, and that too in
face of the facts that England and New
York State combined had produced
iO6,30O bales more than they have this
year and furthermore, stocks of year
lings are less now than they have been
for the pas. quarter of a century. Il ia
true the Pacific Coast has raised more
hops this year, bat not over 10000 bales
more, which will show net shortage of
production in England and America of
S6 800 bales; and still further, Euoland's
needs last year were $1,000 bales import
ed from America, aad they are none the
less this year and it is clearly evident
that she will be obliged to import this
year l5l 600 bales 20 supply her demand.
Where are they coming from? Ger
many cannot supply them, as she will
have no more for export than she had
last year aud yet in view of all these
facts growers have constantly drummed
in their ears, There will be a surplus. !.
You had better SELL" And il they offer
their growths no one will bid over III
cents for choice. aRd excuse their offer
by saying there is no demand; and why
is there no demands 1t ia simply a
combined effort all over the world to
keep brewers Que of the market. thereby
creating false impression that there Is
a surplus, and force growers 20 sell at
the bare cost of producing.
Why dont the advocates of a large
s,srpiss show their figures and give SUB
stantlal authority as TO their genuine
nessg The crops all over the world
have been harvested and the result is
known. They cannot do it; talk is
cheap commodity, but we have yet to
see any figures that will materially
| change any statements that we have set
forth for the past seven weeks, and You
may rest assured IL 10 no fault of our
opponents. We still contend that we
| are right Ia our expectations of higher
prices; bow soon il will come we cannot
tell, but 1t Is bound TO come, and we con-
tinue TO advise growers not 70 sell any
hops at present prices; We say 10 you
earnestly ans honestly To hold them, and
bear IN mind this: that II hops will
bring In cents now. they will not
bring any the less next spring. should
anything arise in the future whereby
our statements are incorrect, we will ap-
prise Jon Of the fact as soon as 10 comes
20 our knowledge.
Prices remain nominal. Receipts for
the week, SCI bales.
J. T. CooHRAs 4 Co.