The record-union., 1892-05-26
COMMERCIAL.
Another Letter Devoted to Hops, Grain
Bags and Freights.
New Crop of Wheat Selling at Reason
able Prices-Hay Lower In
the Local Market,
Especial Commercial Correspondence of the
RECoRD-UNIONl


RECoRD-UNION.l
SAN FRANCISCO, May 25th.
GRAIN BAGS-Afarket continues quiet
Our dealers manifest great confidence in the
outcome OF the maket, and apparently take
no speclal pains 10 urge consumers TO supply
themselves Harvesting is close at hand in
the san joaquin Valley, and more activity
must soon prevail. From best informed
sources we gather information that we have
supplies in sight for present crop purposes as
follows:
Bags.
Brought from last year. 100000
san Quentin Prison makes. 1,5O00o0
Sailfornia Jute Mills makes. 2,doo'ooo
shipments arrived and on way by
sail from 20, 0Ooo 10
shipments on way by steamers. 49,. 4,oOO,ooO
Allowed for later shipments by
4'OoofooO
Total supply. SO 100000
Making a visible supply of $4,000, 900 of
Grain Sacks for the Pacific Coast, allowing
that no loss or detention or disaster occurs TO
any Of the sailing ships. Should either one OF
them fail TO arrive in due season it would re-
duce the supply 100000 to 6,oOO,0O
Sacks. The consumption Of the Pacific Coast
in 1891 was 34,OOO,O0O Bags. California
viii require certainly as many, and PROBABLY
more, than last year. Oregon and Washing
ton as yet have not their crop prospects fully
assured, but no adverse reports have been
heard as yet. There is very little opportunity
to draw supplies from the East. They do not
carry there any large stock of Grain Sacks,
such as we use. If orders go from here they
are at once made up by machines from piece
goods" and with cost and freight overland
cannot be laid down below S]4c9 SIC. There
is no syndicate, pool or combination talked OF
this year The market is open to all. The prin-
hon d. and hOl o
satisfied that the demand will more nearly
exhaust the supply this year than for many
years past Prices to-day are quite moderate
in fact Bags have rarely been as low at this
season for many years past. Spot cash nc
for standard Calcutta is the figure. Now and
then stray parcel is picked up at 73sc eN-
ship, owned by a spcculator who don't want
to carry them. For JuneJuly Delivery 75s@
73lc is the price. The sales of State Prison
production cuts very little figure and they
are parceled out in limited quantities to
actual farmers. At the present time The COM
munity is watching closely for the result of
crops as shown by actual threshing. Should
the increase so confidently expected be real
lied the market for Bags is surely likely to
favor the seller. But, after all when harvest
Ing is well started the yield may not equal
our great expectations.
HOPS-It is much too early in the season to
report anything definitely about crops. In
California everywhere the young vines look
well. In Oregon and Washington much care
will be required to Kill the lice In Eastern
and foreign markets the stocks will be almost
entirely used up before the new crop of 1892
is gathered and there can be but little question
of an early and good demand. Stocks in our
market are so very small in dealers hands
that quotations are nominal and transac-
tions almost stopped. The consumers prob
ably are supplied for this season. No trans
actions of any importance can be traced in
contracts for new crop. 1t is very plain that
buyers would like to secure desirable yards at
l715c, and rumor reports even higher offers
made for favorite crops of Russian River Val
ley.
FREIGHTS-Are steady, but very little do
ing Ships for Immediate Wheat-loadng
could be had at csc p ton, but as one has
= large supplies of old Wheat they have no use
for ships, and hence nothing can be done ex-
cept for new crop loading. For June-July
loading 27s Cd q ton is the rate and for Sep
tember loading 3Os.' There is not that eager
ness to speculate in charters that existed last
year, and which resulted disastrously: the
engagement of ships this season are much
more based on the actual placing of cargoes
abroad Besides the number and situation of
ships this year is vastly different from that of
last year when a few spectators controlled
the tonnage and crowded the rate of freight
for a time to an abnormaily high rate, at a
time when the harvest was in full blast and
carrying capacity most needed.
The relative situation of 1891 and 1892
may be shown SIS follows in tons: