The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1893-01-05
lR GUARANTEED


not sell. When the grower has become
discouraged and sold at low figure, the
dealer ships his hops back to New York
and thus by the removal OF the weight of
surplus, prices in London go up. The
dealer is then ready to sell, but the poor
grower has sold, having been headed off
at every turn.
The result OF this, as one year succeeds
another, is the feeling in the growers
breast that he is not in it for the big
money to be made in hops whether he
ships his own hops or sells at home.
This is the docile temper of the grower
that suits the dealer. When the dealer
has the grower properly trained he can
buy in the yards at his own price and
sell in the markets OF the world at a
handsome profit.
MEEKER's DECEMBER CIRCULAR.
PUYALLuP, WASH, Dec. 26
Now that the hop crop has long since
been harvested and the yield quite def
nitely determined, the all absorbing topic
has been, and is yet, that of the market
Never before in the history OF the trade
has there been so wide difference in
opinion between producers and consul
mers rs has developed within the past
two months as to the value that should
be placed upon the growth of 1892. Con-
sumers have persstently hammered the
price down, while growers have as stoutly
contested any decline.
Notwithstanding that the market has
moved very slowly and growers have
been reluctant sellers, prices have sagged
fully two centsper pound during the peri
cd under review, so that now, for hops
that % cents was freely offered and re-
fused, are selling at 20.
The London market-The London mar
ket is dull and quiet, with free offerings
and buyers holding off, demanding lower
prices
Washington and Oregon - Strictly
choice export hops, Washington and Or
egon, zoe; good medium, 1Sc; second to
low medium, lac Ice. The above quota
tons are based on actual transactions of
1000 bales purchased within the last fort
night. and not less than 1000 bales re-
ported purchased.
Caifornia-The movement in California
hops has been more free, as there had
been nearly one-third of that crop CON
tracted before hafvesting. The range OF
prices there since the market opened has
been from IS to 22l2c, with but few sales
at the latter price.
The future-The future OF the market
is one Of those problems past finding ort.
While we do not now expect 10 see a re-
covery from the present decline, yet We
do not look for any break on the choice
growths suitable Tor export The low
grades on which there has as yet been no
fixed value, it is difficult to even guess
what they will 50 off at; rs vet. no offer
has been made on them.
1t is estimated that about one-half, or
in round numbers 2o,0J0 bales, Of the
California crop; one-fourtb, or about s.
900 bales, OF the Oregon crop, and one
seventh, or 5000 bales, oil the Washing
ton crop have gone forward from the
coast. Thus it VIII be seen that il the
previous estimates OF the crops arr APP
proximately correct there is still remain
ing OF the crops OF the three states:
California ............ ....... .... 10000
Oregon .............. .............. $4,000
Washington ..,.,... .4.. 1900
Total. .............. Ill. ..... $1,000
Fully 10000 bales of these are low
grades, and can hardly he rated as stock.
Growers of Oregon and Washington have
learned lesson this year not soon to be
forgotten. We have crops here at Puyal-
lup, at this writing, that will readily sell
for 20 cents, while others would, if offered,
90 begging at 10 cents or under. This is
caused wholly because OF the manage
nent, or rather in the latter case to the
mismanagement in the care of the grow
ing crops and harvesting.
1t has been practically demonstrated
that we can. if we will, produce as choice
a hop as ever in our palmiest days, when
we were without the pest, if we will but
follow experience and not go off into end
less experiments. We have this conf
dence in the foregoing statement, that we
have now prepared the ground and pur-
chased the poles to set out so acres in adj
diton to our yards at Puyallup and Kent.
The additional cost for spraying need rot
be over one cent per pound and in many
cases will certainly be less.