Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-16
THE TRADE OUTLOOK.
A Year of Plenty to Farmers, But
they Claim That
THE MONEY PROFITS ARE SMALL.
Hog Products Weak. With Tendency
Toward Lower Prices.
COFFEES PROMISE TO 60 UP HIGHER
OFFICE OF PIrrsBURG DIsPAToa, (,
TUESDAY, Dec, 10

OFFICE OF P1TTsBURG DTsPATCR,,
TUESDAY, Dec. 10.
Last year was one of short crops to the
farmers of this country, and yet the yield
brought more money to the farmer than
the previous year when there vas bounti-
full harvest. The year 1890 was a year of
scarcity, but producers of farm and garden
products, with lighter work had larger re-
ceipts of money. The corn crop last season
was one-third less than the previous season,
hut prices advanced from 2Sc to sic per
bushel, and the money value of receipts
was increased S1jo,OOO, 900. Oats also
declined one-third in volume, but
prices rose from 23c to 42c per
bushel, and farmers receipts increased
$50, 600. 600. Notwithstanding light crop. The
Weld of wheat last season was only 20 per
cent below that of the previous season, and
prices advanced from zoe to Sac per bushel
Receipts of money were about the same for
both wears namely, S340, 900. 00O
This years yield is even greater than that
of two years ago, and vet prices are little
different from those of last year.
A summary published in the New York
Ereninq Post furnishes some interesting sta
tistics, indicating that the three principal
cereals will be cents per bushel higher
this year than last, and that farmers re-
ceipts will, as result, be increased from
s., ,3OO, 900, 900 to S1,7OO, ,00O,C0 Upon the
most moderate estimate, our farmers will
receive for these three crops $500, 600, 600
more than last year, and $500, ,000, 600 more
than in 1889. 1t is the Northwest which
chiefly profits by this increase, the two
States of Kansas and Iowa receiving one
fourth of the whole; the Southern States do
not share at all in the gain These are
chiefly dependent upon the cotton crop, and
this year the yield is little less than usual
and the prices also less.
The Coffee Markets.
The statistical reports point to an eleva-
tion in prices. Our home markets are very
firm, and, while there has been no advance
in prices, all signs point to higher prices.
Following is the outlook as viewed from a
Boston standpoint:
The tone of the Rio and and Santos coffee
markets is considered firmer Unexpectedly
ut this season. the worlds visible supply has
been found to have decreased during the
past month, when usually it shows an in
crease. Again, it is estimated that fully
one-half of the Santos crop of coffees has
been marketed, and nearly one-half of the
Rio crop, though the crop year has not yet
half expired. Hence it would seem that, in
spite OI the Dlg CTOpa nlaTkeC Is DClng
for all of the coffee, and without the decline
that was generally expected to have begun
before the late autum months. There is no
worlds surplus of coffee, and there has been
none for couple OF years.
Recent reports indicate that statistically
the coffee market has made some gains in
rirmnes>. saturdays New York market
showed gain OF some 10 points from the
opening. The Rio daily cable gave receipts
ut Rio of only 900 bags for the day, though
with receipts at santos of $4,000 bags The
10000 bags for the same time last year.
The market is cabled dull, with exchange at
I'D. The weekly Rio cable gives the daily
average receipts at Rio for the week at
l. 500 bags; shipments to Europe, % 600 bags;
to the United States, 260 0G0 bags.
The New York total visible supply of
coffee is now figured at 46l.S36 bags: same
time a year ago, 96l. $50 bags: same time in
lS,g. 4Si, ,654 bags. The total receipts of coffee
AT Rio on the crop, up to December II, have
been 2024.0O0 bags; same time last year,
l,213s0OO bags: same time in 1889, 937, 900 bags.
In Business Lines,
In the line of hog products general drift
of markets is toward a lower level The
reasons for this are obvious Receipts of
hogs are immense at all live stock centers.
Last week there were received at Western
centers 105, 900 more than were received for
the corresponding week of last year. Re-
ceipIs for one dav in the last week of No
vember at Chicago were $1,000 head, the
largest for any one day in the entire history
Of the yards. Provisions are not moving
as freely as they were a week or two ago,
the effect of poultry and game consumption
being very marked at this time Until the
holiday season is over expectations of pork
packers will not be great. The decline in
bacon and shoulders noted in MONDAYS
DISPATCH is fully justified by events, and
all signs point to a reduction in lard.