Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-05
FEATURES OF TRADE.
Heavy Steer Hides in Light Supply
for the Past Few Weeks.
CANNED MEATS ARE ON THE BOOM.
European Wheat Crops Short, and Our Sur
plus Is Sure to Be Needed.
AIMED MEATS ARE ON THE BOOM.
THE OUTLOOK FOR THE COFFEE TRADE
OFFICE OF PIrrsBuRe DISPATCH, I
TUESDAY, Aug. 4.


TUESDAY, Aug. 4.
There has been a notable decline in re-
ceipts of heavy steer hides in this market of
late and a corresponding increase of buff
hides. The average weight of hides received
during the summer months is uniformly
below that of any other period of the year
Very few heavyweight beeves are slaugh-
tered for Pittsburg markets at this season
of the wear. This class of cattle is reserved
for fall and winter, and farmers who hold
them are diligently engaged in adding all
possible weight. With the splendid grazing
everywhere and prospects of cheap grain. it
is strange that farmers should crowd so
much half-fatted live stock on to our
markets as they have been doing of late
Speaking of the heavy run of light hides
leading dealer in this line had this to say:
eSummer hides are cleaner and smoother
than these received in winter. Cattle fed in
the stall will naturally gather more filth
20 their coverings than those which are per-
mitted to rove at will in pasture fields \
well-fed bullock does not necessarily yield
heavy hide. My experience has been that
medium steer as n rule throws OH as gooo
a hide rs any. 1t is true that a half-fed steer
will not yield first-class hide in any case,
and it is equally true that a well-fed one
will not necessarily yield first-class hide.
Tho breed has very much to do with the
quality of the hide. Some breeds contribute
most OF their feed TO fat. Others contribute
largely to the hide. At this time ou[ re-
ceipts of heavy hides are light, and are likely
to he until fall, when heavy beeves viii be
ready for market
Canned Meats Booming.
The canned meat trade is now at its best.
The season YVES slow 10 open up on account
of cool weather in May and June, which
proved dampener to summer outings. But
July fully made up for lost time, and the
amount OF goods handled here for that
= ~ dc Dr-sa ,,,
general are Is per cent higher than they
were last season. Corned beef has the lead.
Said a representative of this industry: "Our
sales for JULY showed an increase of 1000
cases over the corresponding month of last
year and the increase for August which is
our last month"; promises 10 be still greater.
The picnic season is now at its height, and
will be for q month to come, and notwith-
standing the delay Of trade caused by the
cool weather of the early summer, we are
confident that our trade for the season will
be 30 per cent larger in volume than it was
last year
Wheat Shortage in Europe.
"The London Financial Times has made an
estimate of the shortage of the wheat crop
of the various European countries. 1t esti-
mates that Great Britain will be obliged to
import l5OOOO,OOO bushels: that France will
need, in addition 10 her own production,
100000 bushels; while Italy will require
49.0l0G00. and the rest of Europe certainly
S5, 100000. As the Yield in Russia is much
less this year than formerly, it is estimated
that not over JOS COO OF bushels can be looked
for from that country; and that the rest of
the 400 GG0 O00 bushels needed will have to
come from India and the United States.
And even taking all the surplus weeat of
these two countries there will still be q
shortage of some 100000 bushels: SO the
present outlook is that there will be sharp
demand for every bushel of wheat we are
able to export. Wheat is already pouring
into Chicago in excess of any previous year;
and will soon be leaving our seaboard at the
rate of 5000 00J bushels a week. Ali shipping
room has been engaged for the next two
months"
The Coffee Crop.
The Boston Herald has this to say of the
situation and outlook in this line Of trade:
THE market on coffee is firm and trade is
good. Tile position statisticalfy, does weaken
somewhat, though not yet in the way of
mild coffoes, as will appear below, in regard
TO Santos coffees. The New York market
closed the week steady and unchanged. The
Rio cable gives receipts for the day of 5000
bags. and of Santos 1000 bags. The stock of
Rio on hand is lS9,OOO bags, against 10000
bags at this time last year. The New York
total visible supply is now 294, l03 bags: same
time last year, SS9, ,490 bags; same time in
lsS9 429, ,5J2 bags. The total receipts on the
Rio crop up to July 30 were 356OG0 bags;
same time last year, $4,000 bags: same time
lSs9, 100000 bags. The total receipts of
santos on the crop have been but 81, 600 bags,
ago. and III, 600 bags for the same time in
lssa. Hence the position of mild coffees is
firm on this lack OF Santos
The weekly Rio table gives the market
steady, with exchange down to l6d. The
daily average of receipts for the week has
been u, 800 bags. The shipments to Europe
have been S0O0 bags, and to the United
States GOO bags. Haracaibos are very firm,
with the recent strong prices fully sustained
Hochas are firmer with the market believed
to lie advancing. Javas are very firm in
deed.
The stocks of coffee in the chief ports of
the United Kingdom, and the principal Eu-
TOpean centers on July !, compare TOR two
years as follows, in tons:
1S9l 1890
United Kingdom ports. IL 200 1SC0O
European centers. q, 400 l04, 800
Total, Observation-Disclosures. 75lOO l22, 100
The latest estimates of the new crop of
coffee in Brazil range from $500 600 to 425O,-
Coo bags for the Rio district, and $3.50 900 to
uO1 600 bags for the Sautos-some late calcu-
Ia lions placing the total as high as 9,0OOCOO
bags.