The daily journal. (Salem, Or.) 1899-1903, 1902-07-15
HOPS
SOLD FOR
20 CENTS
Firm Realizes Big Figure for
Old Holdings
MANY Are Being Contracted
At Above Price

A Wolf ana SOD, Vi oi'''''
Monday afternoon purchased oi 0"'
lem hop agency 50 bales Of 1901 hoPS
ot % cents. This is a remarkaole
egure and is the record price for the
toot crop. In fact II is the largest
price paid for hops in the bale since
1892.
Unusual conditions prevail in the
hon market at this time and the result
Is difficult Of prediction. \
Lilienthal Bros. through their local
agent II. J. Ottenheimer report haV'
ing written, within the past four days
several large contracts for the l9Oz
crop at 20 cents a pound some
growers are convinced that the record
nrice has been reached while otherS
look wise and continue to hold their.
crops exempt from all obligations
Twenty cents pound Is the highest
contract figure offered for hops since
1890. when they went as high as ~
cents
Secretary James Winstanley OF the
Oregon Hop Growers Association, Is
in recent Of adyices from London to
the effect that all old hops have been
cleared up. and that the English crop
for 1902 will not exceed onefourth OF
AN average crop. Mr.. Winstanley ad'
yises growers, who have not already
contracted, to hold their hops, for he
heIleyes stiI further advance Will
be noted in the market, and that good
hons may this fall bring as high a.
50 cents a pound.
May Break the Record.
! A well.lnformed review Of the situa
ton shows that many yards are likely
10 be short in yield It is stated that
I'm one Of the largest Salem yards The
vines have not armed out at all, anC
the owners are solicitous about the
yield.
II is known that many yards had
. larger percentage Of missing hills thi'
, sprlng than ever before, due to th'
4 cold and backward spring. II the pres
p ent promise of showers is made goo'
!. tne Yards will be I'm fine condition 70
the propagation of aphis. The seasoI
q has all the indications Of being a we
=. one. and only lots Of dry weather vii
el fetch the crop through In good ordeI
- About once in ten or twelve year
II ions 20 10 forty cents a pound. A
they have passed the2O-cent mark,
is more than likely that they will b
d Jumping upwards at the rate Of two
@ three cents n jump. The only dang'
MI now is oyerstimulatiOn of new acr
, age and then the collapse from owe
II. production that follows. II the acr
,s age can be held down Oregon he
,e growers have bonanza for mar
rs years to come. Some new acreat
II. will bo needed every year TO make
of for worn out fields. But II Is east
oycrdone,
No one should forget the fact
N. which the Oregon hop pool organic
IN by the Oregon Hop Growers AssocI
ar. tion. through MIR burst and Frank r.
nd ler has undoubtedly been in stimul'
he ing an advance and holding II for q
benefit of the producer The prcsen
~ Of that organization in this state HI
a wholesome effect. and the specu
tors all know that In any event he
ls an organization able TO hold lar
crops. and put them directly in (
hands of the British buyers.
Twenty.cent Hop Contracts.
~ The first 2O-cent contracts covert
u the 1902 hop crop in Marion coun
N we're filed this afternoon. The GO
- tracing firm in each instance is /
lenthal Bros. and the following ,
the contracts;
G. c., J. Il. and NJ p. White,
Monitor. 10000 pounds at 20 cents
'rs q. s. Pomeroy Woodburu, lOt
IN pounds at 20 cents,
ant Foug Poey, Butteyile 10000 pom
at 20 cents.
"A. B. Gearln and a. j. NanWass
hove. ST Paul 10000 pounds az
cents
ln' A. b. Geann and } A. lIamar
to Paul, 10000 pounds, at n cents,
zen .-o-
i've