Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-10
FLOUR AND COFFEE.
A Miller's Views Regarding the Wheat
and Flour Situation.
NO EXPORT Or SOUTHERN DEMAND.
The Present Upward Movement of Coffees
Promises to Continue.
HIDES REDUCED---HARNESS ACTIVE
OFFICE OF PITTsBURG DIsPATCH,l
SATURDAY, March S, 1890.

|
A representative of one of our leading
manufacturers Of -four. thus puts the situa-
ton OF his industry: SIN long experience
l have not know a time when low grade
flours were such a drag as they have been
the past few months. We have generally
found a market for this class of flour in the
South and Europe. This season there is
scarcely any demand from these sources.
The export demand has been cut off by the
large supplies in Eastern Europe; larger
than the highest estimates last fall. Through
the South the corn crop was unusually large
last season, and the colored people have evil
IDENTIFY not INDUCED as much in flour as in
former seasons. Even foundry flour is in light
| demand. and sells lower than I have ever
known. This is the lowest grade, and is used
in molding, being mixed with the sand to make
smooth casting. Wheat has been relatively
higher than flour all this season. 1t has been
anything but profitable season for millers.
We get very low prices for the offal. Bran has
been lower than hay for the past six months,
thing unknown before. With the low price of
bran and middlings it pays to feed this in
preference to hay. The latter is only used for
the needful roughness in feeding stock.
Altogether the wheat and flour situation has
been different from anything in my experience
stifening in prices of wheat, and flour of the
high grades is firmer. but low grades give no
signs OF Improvement"
Prospects for Higher Coffee.
1t will be seen by reference to domestic mar
ket column that package coffee has at last
yielded to the pressure and moved upward.
The advance of 1ac is in the view of our leading
jobbers far less than the situation warrants.
Green coffees have risen fully lc per pound the
past week, and before the rise packages were
relatively too low.
Said a leading jobber: There has not been a
time for many years when the stocks of coffee
in the hands of New York merchants were as
low as they are at this time. II addition to
this all advices from Brazil point to short crop
the coming season. 1t is to my mind about GER
tain as anything future can be that we are to
have higher priced coffee, and the Hc rise this
week is only the beginning of the upward
movement"
Harness Leather and Hides.
The week past shows Improvement in demand
for harness leather. February's trade was not
up to expectations. and, in fact, fell below the
corresponding month of last year. Since the
lst of March there has been manifest i'm
provement. Orders are coming in more freely,
and Allegheny tanners report that there is no
longer any accumulation of stock. Goods are
going out about as fast as produced. and from
now on there is little doubt that markets will
absorb the entire output.
The weakness Of heavy steer hides for few
weeks past has eliminated in drop of %c.
The decline has been in the air for a month
past, and is at last recognized by the tanners
and hide dealers of this city and Allegheny,
who have agreed on the follo~ing scale of prices
to go into effect Monday, March 10:
Green steer hides, trimmed, IS pounds
and up, per pound. nd......................... 81
Green steer hides, trimmed, so to rs
pounds, per pound. Observation-Disclosures. 6H
Green steer hides, trimmed under 60
pounds. per pound ;......; ..;;....;.;.:..
Green COW hides, trimmed, all weights,
per pound .;:...:.;....
Green bull hides, trimmed, all weights,
per pound. 81