The daily journal. (Salem, Or.) 1899-1903, 1900-02-08
THE HOP MARKET.
Reports From Eastern and Foreign
Markets Continue Encouraging.

Reports From Eastern and Foreign
Markets Continue Encouraging.
NEW YORK MARKET.
Producers Price Current, Jan. ~.
Our country exchanges are talking
agool deal about the low discouraging
prices that are now ruling in this coun-
try for hops, but they do not emphasize
strongly enough the fact that it is the
poor quality of the crop that is contribu-
ting so largely to the low average Of
values.
This appies-not only to New York State
but to Oregon as well, great deal Of the
stock from there having been picked be-
fore it was matured, hence Of most un-
desirable quality. For several years
past IL has been the poor quality that
has d agged prices down. Prices through
out are much the same as last quoted.
Foreign Markets
CANTERBURY.
The market is decidedly firmer, and
fair amount of business has been done
during the week.
WORCHESTER.
Trade commences well with the new
year, and good business continues to
be done at very firm prices, for all desir-
able aud useful qualities OF hops, espec-
cially Tor colOry lots, which are getting
into small compass and command more
attention at iilmer rates.
BoROUGH.
Messrs. W IL. Il II. LeFay, hop
factors 81, Borough High street London,
: n. report: There has been more
business doing during the past week, the
low prices ruling for English hops
tempting consumers to buy.
NUREMBERG.
The indications of stronger market
which we evident at the close of last
year, are now confirmed and as the
home demand continues to be good
prices are creeping up, slowly hut con.
sistently. During the past week quota
ians have hardened, and not only have
slightly highe prices been paid, but the
tendency OF the trade is decidedly in
favor OF further advances.
BEl GUM.
There have been pr ,ctically only slight
changes in the markets Of Brussels.
Alost, or Poperinghe within the past
fortnight, A few days ago there were
signs OF some weakness, and quotations
rectded probably because the trade had
hardly recovered from the effect OF the
holidays Business having now been
resumed. iirmness has taken the place
of lackness and previous higher rates
are nearly re established.
Lupuiuin in Marx Lane Express.
Thus far the progress OF the hop trade
in the now year is somewhat disappoint-
ing. cannot complain of absence Of
demand, which is, j suppose, fairly up
TO the point usually experienced at
this season. But the character OF the
business Is by no means satisfactory, in
as much as brewers, actuated doubtless
by the desire to diminish their outlay as
much as possible, are in general only
asking for low priced stuff and are not
even bic ding for such lots as high as sci
lers are demanding.
Consequently the trade has very little
real life in IL. But, despite these draw
backs, the tone of the market is by N
means weak, as il is believed that brew
erers are not heavily stocked, and must
eventually come forward as buyers,
there is no present reason for growers
who are holding TO lose heart, or to
abate the prices they are still entitled TO
obtain. A comparison between the pres
ent position aud that of few weeks
ago will show that decided improve
ment has been effected in the values
both OF good colored and OF the lower
graded samples.
This has been brought about not by
the ireewill offerings of buyers, but by
the determination of sellers to stand by
themselves and their rights. To some
extent we have seen the results, and
think wa should, therefore, be encour-
aged TO persevere in the same course. ]
trust my friends will not be disturbed If
in consequence OF their iirmness the
trade seems to be getting quieter. A
reaction will certainly set in hereafter,
under which their attitude must be
recognized. Within the last few days |
lave heard OF hops being sold at double
the figures which were bid for them be.
fore Christmas,