The daily journal. (Salem, Or.) 1899-1903, 1901-12-31
HOP
PRICES
STTFFER
American Market May Be-
come Better than the
British.
History of the burst Hops
Pool and How it Will be
Handled.

Hop men are still hopping. Salem
buyers are out late and early catching
the uniformed at slight advances.
There we're only about 1000 bales left Is
growers hands on Monday morning and
indications are prices will not go down
again soon in Oregon. Brewers who
need hogs will have to pay fancy prices
in this country, as those held by specu-
lators and dealers are in firm hands,
and those held that are choice by grow
ers are also well-6nancsd. Statistics
show that a million barrels more beer
was brewed in the United States the
past year than ever before. The fact in
prices ia this couutry are better todsy
than in England, where the business
and financial depression is affecting the
brewing trade. 1t is generally admitted
that the burst pool formed by the Orr
gon Hop Growers Association made Il
better for all hands, and II it is success,
next year may see that pool the pre-
dominant factor.
Interview With Mr.. FeIler
Francis Feller OF Buttleville, elected
TO accompany the hop pool, was in the
city Monday, preparing for his trip to
London. He now expects to start some
time next weak. The length Of his stay
is undecided. He was elected at a recent
meeting OF the Oregon Hopgrowers' as
sociation TO the represent the growers
interested in the pool formed by NJ. II.
Durat, and to accompany the latter to
London to personally oversee the sale Of
the hops There we're two thousand
two hundred bales of Oregon import
hops consigned to this pool, and
they were shipped about two
weeks ago. The agreement made when
forming the pool was that the grower
should be advanced nine cents per
pound for his hops by Mr.. burst. The
hops should be shipped to London for
market and one Of the growers should
be selected to accompany Mr.. burst,
who will pay for his transportation both
ways, and furnish him $40 per week for
living expenses while in London until
the hops are sold. Mr.. burst lie allowed
four cents out Of the nine cents advanced
TO the grower for the purpose OF paying
these expenses. Whatever price Tor
the hops is offered Mr.. Durst, he
can not make the sale unless it is sane
toned by Mr.. Feller; and II Mr.. Feller
can secure q better price than Mr. Durht,
he can sell the hops without the latter's
consent, providing he wilt refund TO Mr..
Durst the total Of the nine cents per
pound advanced and five per cent per
nnnum interest By allowing four cents
per pound 70 Mr.. burst, the hops are
shipped and their storage paid for six
teen weeke. II they are not sold by that
time, the grower must pay ll9 cents per
bale per week for storage.
Mr.. Feller would not estimate the
prospective price OF hops in the London
market, but providing the American
price would warrant the expenditure
and a better profit could be made
he can return the hops to America 10
dispose OF them. To assure the growers
nine cents per pound for their hops they
must be cold in London at l3 cents. Any
price above what will be divided among
the growers, in proportion to the amount
of their claims in the pool.
IL has been said there was discord re-
garding the pool, between the assocla-
tion aud Messrs. burst and Feller' Inc
oauae Of this was as TO the name by
which the pool should be known. The
association desired 1t to be known as
the Oregon Hop-growers association
pool, and the others claimed that tue
association members we're not the most
active and not so we'll represented ana
wished to call the pool that OF the ore
Ron hopgrowers. The matter oil Whe'ner
the association should be longer nam
tanned was also under discussion. The
executive committee Of the association al
present 10 VIM. IL. Egan, Jas. Winstan-
lev and nj. l.. Jones. Mr.. Feller Is Tea-
surer and has served in that capacity
since the association was formed '"o
years ago. He has been asked to accep'
the Office for another year, and Will pro,
baby be re elected at the next annuSl
meeting on Jan. 10.
The association was rather unfortunate
In lie early history. The hrsI yeai
of lie organization, hops were SOLO
by the association for the yaHou'
growers, and commission OF oO cehu
per bale was charged. Other receipu
aggregated q sum of almost $780, Whic'
was in the hands Of the treasurer. Las
wear the association purchased lh
supplies for the growers, prineipai''
twine for stringing the hops in the yaiu'
The bill for this was 800, and when M
Feller Was asked 10 issue cheek 10 "
amount It was impossible for hun 70 .
In Salem, so instead OF drawing on 'n
association funds ia the Gilbert oanS
no gave his personal check Tor III
amount on Ladd & Bush, expecting
replace it from the other deposit o
his first visit o the city. The pay
ments from the growers for the twin
we're then made 20 the secretary, wa
deposited the amounts with 1loe'
BTos. for the association, the treasure
having nothing TO do with the money