New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-14
THE BEAN SUPPLY.
ALLEGED sHoRTNEss OF THE cRoP-HoW
rRICEs RULE.

ALLEGED sHoRTNEss OF THE cRoP-How
rRrcEs RULE.
Three men who know beans talked 10 Trib-
une reporter yesterday regarding an alleged snort
ness Of the domestic and foreign crops TINS year
The senior partner Of large importing house
who was first questioned by the reporter sai''
"rhc American. Canadian and European bean crops
are all undoubtedly short this year Inc America"
crop suffered seriously from long-continued drouth;
tho Canadian crop was diminished on account or
late planting and early frost and the European
crop was blighted by prolonged ana heavy' uhsea-
soma Die rain Even II the American crop were ful
this country would still be compelled TO import
beans. The quantity OF beans annually imported
during the last few years has ranged from %""
:, 2iO 600 sacks Of 20 pounds each They came
mainly from Holland, Italy. Austria Hungary ana
Rumania In all of these great Dean-gro"Hhs CEN
tres the crops being short Aside from 'ne INJURY
done by rain 10 the European crops, aHo',ie' s.
cause for their scantness exists In inc lac' '""'
an account or the extremely low prices that nave
ruled in the last few years European FARMERS nav
reduced their acreage and planted other and more
profitable produce. .,
"Tn lss7 foreign beans ranged in price at whole
sale from II TO - shillings hundrehwes"' VI
pounds. cost and freight Included AFTER 'na' 'ie.
declined ttl the price was only shlllngs Present
pr,ces IRE from ~ II shilllngs ana VIII s"ie'' "
considerably higher soon. The bean market !, AZ
two and although the new tariff has changer 'he
spcc,ac duty Of Il cents bushel TO 20 per cenI an
valorem thereby reducing the duty nt,e ldurc
than half present market quotat'ohhS r adj
lion has been more than Offset by the reCmt , -
,.ance in rric.s The imported beans are manly ol
two grales-the pea bean. which Is the siau ",a I'D
bean and the medium beam when y ia.srJi n no,
also w N ehi, MARKET DUTY paid from to
q ~ n b,ishel Of SO pounds. and 81 np9rtru III, ~
beans from 81 ~ 20 81 81 a bushel ne pIIoe ~, -,
i,nnnr,ei hans Is now cents bushel higher Iha
il was at the corresponding time last year WE"
w"I-known bean broker. who was next ques
ehor, ana ridiculed IL strongly that dea;er VINO
srt,e,ri him remarked the reporter That me
broker was evidently short" himself and eager 10
depress prices In order TO cover 20 n argos,
u,nIuce houses in the city. who was next interro-
,,,aJ said There are inIcatiOns that IN" doH'stic
bean crop is short but Just now nuCn ~ U, ,rh
American be,n crop IL grown mostly In Michigan
Wisconsin ana New York. The acreage pianteh tn,s
year IL about ~ per cent greater 'nan I'. , sx
cellen, After that date the long spell OF dry parcn
ing aher set in and undoubtedly Injured the crop
perhaps reducing / by about 10 per cent; nu.
hardly think the reduction VIII be found mnch idrsc'
Than that when the crop is marketed ~
"Of course short crop ana lower customs duties
will stimulate importation, especially from Canaia
glo 90 bags imported In the same year there were
IL oo barrels ana bags Of American beans received
i'm this city don't know what the total crop or me
country amounted 10. but, estimating rousinE "a. al
tlls basis perhaps II would no' be far out OF me
CAV TO place II At 10000 barrels. Marrow beans
which are grown mostly In the western part OF ms
bushe sold down 10 s. a. and within the last month
or six weeks have been from ~ 10 81 10. they are
now 81 10 They were largely exported 70 CUBA unne,
the reciprocity treaty but the Cubans nave linpV9 .
them free az formerly American pea and medium
beans now 81 20 a bushel'