Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-08-24
MILLIONS IN HOPS.

-
trial situation.
New YORK, August 22-In its issue OF
10 morrow BrsdstreeHs presents elaborate
returns as to the growing hop crop in New
York State, where 10 per cent, of the crop
of the United States is raised; from the Pa
cifc coast, where rs per cent. is raised, and
frsm the United Kingdom and continental
European hop regions No hop crop re-
port has been made in New York since that
of the government in 1879, when the total
yield was 2l,6O0,0OO pounds, against q,
500 900 pounds this year, ssper Brsdstreets
reports, and this report, together with ad-
vices from the Pacific coast, where 70 per
cent. OF the hop crop is now raised, against
9 per cent si1 years ago, together with ad-
vices from the Northwest, affords data for
a fairly complete report Of the domestic
crop, and special reports from England,
Germany and Austria are included, which
furnish material for a consideration OF the
worlds crop.
On this subject Brsdstrests says: 1t is
currently estimated by well informed mem
bers of the trade, that of the American crop
of 1884 there are now: In growers and
dealers hands, 100000 pounds; in brew
ers hands, 100000 900 pounds, or total
stock on hand of Is, 100000 pounds. The
new crop oil picked, will be about 10000
900. or total available supply of domestic
hops, 53,4OO,00 pounds. Brewers need, II
euuaEug last seasons, say 2S,5OO,OOO
pounds, leaving surplus tor exports OF
24,9OO,OOO. This surplus is equal to 1885,,
1873 bales of $50 pounds each. The exports
of hops from September, 1884, to date, are
in round numbers $1,000 bales. The an
uual average exports for the past sixteen
ears have been $4,000 bales, although last
ear it reached nearly $4,000 bales.
The Hop Crop of the World
Tor 1885 may then be given as follows: In
he United States 40,400000 pounds; In
II Gland A., 900 900 pounds; in continental
Eu.upe lOO,OOG, 900. Total 1872 1905
Tie stock Of 1884 hops on hand here is -
400. 600 pounds; stock of 1884 hops in Eu-
cope, estimated, l5,6O0 900 pounds making
. grand total Of 2ll, 100000 pounds. This
would show i deficit of 100000 pounds,
out as we have no report Of the extent OF
the Australian and Canadian hop crops
and as no allowance has been made
in estimating the extent of the
Drew for the quantity of beer
now stored in brewers vaults, it is probable
hat there is really considerable surplus
although hardly sufficient to warrant the
present low prices of hops There is also q
possibility that the consumption OF hops IN
some of the European countries has been
overestimated by one-quarter of pound
per barrel. Against this may be set the
fact that no estimate is made of the beer
which is drank or wasted in the various
breweries, of which no record is kept. 1t is
probable that American hops will be liber
ally used in England during the coming
season if they are properly picked and cured
and from present indications 1t is quite like
" that prices have touched bottom.
The General Trade situation.
The encouraging features of the general
trade situation heretofore reported in these
columns have been repeated in special tele-
grams received by Bradstreets this week.
More specific aivices from Boston state that
while the feeling in trade circles is more
encouraging, the gain IN the volume of trade
which has taken place is not large. Still,
it is of significance that at Philadelphia,
Cincinnati, Memphis and Burlington the
leading iobbers record better sales and an
iml roved f, cling in trade circles. At Chi
csgo there has been some depression, owing
TO the decline in the price of wheat, but
otherwise there is no change.
At St. Louis, the threatened strike Of the
Gould road operatives belonging to the
Knights of Labor depressed trade by caus-
ing the Withholding of orders at the interi-
or. At Cleveland, it is wired that trade is
fair for the season only. AT New York,
only moderate average of the report re-
corded above is true. Leading dealers IN
staple lines at New York regard the general
improvement, noticed here only in cotton
goods and wool, as pointing to the usual
excess of demand customary at the opening
of autumn. The necessitated outlay in the
fall is heavier than that in the spring. Gen
eral inquiry fails to find an expectation Of
a continuing revival in trade in the exist
ing improvement.
The sales of wool at the East show nc
signs of reaction from the activity OF the
past six weeks. Prices tend upward, and
he volume Of sales is heavier than at the
like period last year. A clear advance o.
lie per pound since July has been made
on several varieties. In the East business
IN dry goods is fair. The most noteworthy
advance is in bleached cottons, in which
prices have advanced 2. per cent. Brown
sheetings are higher in one or two instances
Stocks Of cottons are relatively small anC
the restrictions Of the output continues.
The Improvement in Iron
| at Pittsburg, Philadelphia, Cincinnati st
Louis and Chicago is mainly in pipes snC
plates, for which orders have increased
there has, however, been considerable en-
thusiasm respecting the gain. The i'm
prov. ment in prices for steel rails reporteC
generally at 81 so to 81 per ton, has amount
ed to less than 81 in reality. The intention
| of the Long Branch conference of steel raj
makers is to put prices mp to $50 per ton
against nominally $27 so. The Rensselaer,
Iron and Steel Works, New York State
having reorganized with new capital, vii
build furnaces and continue work.
The wheat market has been quite de
PRESSED, and within two weeks has declineC
| iOc per bushel, from influences heretotor,
noted. Corn remains partly in sympathy
but relatively 6rDer. Provisions are los
and weak In grocery staples the distribu
ZION of sugar has slightly improved, Will
coffee and tea are behind the same time las
year. Dairy products are irregular, Will
cheese is depressed.
There were $50 failures in the Unite'
State during the past week, as comparet
with $50 the previous week, and with l76
| l79 and 1872 respectively in the correspond
ing weeks OF 1884, 1888 and 1882; A6ou
30 per cent were those of small trader