The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-12-10
the month, both for immediate and future re-
Quirements
NEW YORK, Nov. 2s.-lRothbarth Sons Cir
GUAR The 1891 crop of the United States ia es-
tinated a. folloys:

~Ss"a .....-..-....-.....--.-..- Zll,out
Asthough the beer trade was Glow during the
summer, IL seems safe 10 calculate on an in
creased production of at least 1000, 900 barrels
over me hgures OF the last revenue year. The
ish trade was good, anu the phenomenallv pros
porous condition of the country will doubtless
nave an appreciable influence upon future busi-
ness.
Estimating the beer output, therefore, at
o-,o uVo barrels We require 177,577 bales of hops
OF $50 pounds, on the basis of a consumption of
one pound per barrel. This gives a surplus of
'S,z<3 pales, leaving out of account the small
remnants OF previous crops which were left over
al The end OF last season.
The exports and imports at the port of New
York compare with last year for the same period
as follows
Bales
Exports, September to November 81, 1891 1851
Exports, september 10 November IL 1890. IA, iol
Imports, September to November q, 1891. s04
imports. september 10 November Il, $780,. 1916
The total exports last season from New YORK,
Boston, Philadelphia. Baltimore and New Or
leans were 1864 bales of lso pounds, and we
imported 11-267 bales of about 40 pounds. The
exports from September /, 1891, TO date from
Baltimore and Philadelphia are about 1900
Dales. Our imports this season VIII probably be
insignificant, owing TO the high cost of German
hops In The primary market and the high duty,
which latter is naturally n considerable barrier
when prices in America rule low.
turning 10 the situation abroad, we find that
In spite OF the very poor teer business in
Europe this year, and In spite of the stringent
money market, the failure OF the crops, and the
consequent commercial depression, foreign
brewers have not lacked the courage to buy
hops very heavily; that the bulk OF 1891
English and continental crops have passed out
oil the hands OF the farmers In England the
crop is virtually in possession of the brewers,
nut there are, as usual, good many hops held
In Germany BY spectators, and this is some
times an element OF weakness
The English crop is now officially estimated
at i56.Tl6 cwts of l12 pounds. The annual re-
qnirements OF Great Britain are put at 10000
cwts., and the brewers went into the new season
bare OF stock. Even supposing therefore that
English brewers carry over no surplus hops into
the 1892 crop England will need the equivalent
OF about 10000 OF our American bales. This
shortage viii. no doubt be largely met eventu-
ally by importations from Germany, but the de-
Inand in London ut present Is for American
hops, and exporters are outbidding the Ameri-
can brewers on the New York market for choice
grades.
Our adyices from the Pacific coast are to the
effect that three-fourths OF the crop in Cali
fornia and Oregon is already bought up; there
is still nearly half the Washington crop unsold,
but il represents the tail end ana is mostly in
ferior in quality. AS long the export demand
continues we may look for gradually advanc-
ing market, but should this movement cease
decline is anticipated The disposition of the
hop trade just now is to be very conservative,
and dealers are not holding much stock in ex-
cess of their orders American brewers have
bought sparfngly as yet, and are still holding
off for lower prices. Choice hops are, however,
even now getting scarce, and it may be well TO
remember that taking one year with another to-
days prices are quite moderate. From a sta
tistical point OF view the market is healthy, but
the future will be governed largely by the situa-
ton in Europe.