The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-18
Inn WHOLESALE MARKET

| a prominent dealer, "and you may be able
to gain some idea Of the demand that ex.
lists for the insect destroyer when ION
you that out Of the entire car NOT ono
pound was brought to our store. II WAS
immediately unoaded in other cars 10 an
orders awaiting 1t and the shipment WAS
quickly eNhaustes." 1t is onfered at ooc per
100 pounds.
The New York Journal Of Commerce re.
views the coffee situations as fofsaws.
The downward tendency TO prices has
/ continued. due largely to the weakness
shown by Brazil. 1t is quite generally nm.
derstood In the trade that early In tho
week large sales were made principally nv
Rio to a prominent local importer of coffee
Tor June.July shipment on tho basis Of 7p.o
cost and freight for Rio No. .. Against
| these purchases there developed consider.
aole selling In the speculative market. At
nrst there was fair buying by the bull In.
! lerestS nut as the selling pressure con-
tlnueu they Withdrew aud prices have
| gradually yielded.
| Not the slightest Improvement Is To he
noted H. the general situation OF the mar.
| ket The crop movement has continu I'd
! large, the receipts at Rio and Santos for
tDe present crop year to date amounting
| " ibsNtl'N'' DuEH, anu l0ulcHtl0nS n0int IN
| total receipts for the season Of close to IL.
| 100000 bags, nm increase Of 100000 ba %
: over the next largest crop. which was mar
| keted during the crop year of 1o00-0l II is
| worthy of note that the worlds visible sun
| ply OF coffee shows practically the same
! Increase as the yield of this crop over last
| thus showing that the surplus production
| of coffee has been allowed to accumula to
AT the principal coffee ports of the world
and has not gone into the hands of the con
! Stunning trade
/ The hope of the market for some time
! past has been based on a possible small
| lO2-O3 crop. As previously noted how.
ever, the majority of the local trnde have
abandoned the low crop ideas which were
| current few months ago. IL being claimed
that tho favorable weather which has been
J experienced in Brazil for the past Ave
| months has largely offset the i'll effects of
the drouth of last fall, and many now he
/ lieve that the Rio aud Santos crops will
I reach at least 100000 bags and possibly
| 12,00o000 bags.
Taking the average Of these two esti.
| mates, or 100000 bags and placing tho
production of mild cofces AT 100000 bags,
which is generally considered conserva
tive figure. the present ideas Of the major
ty of the coffee trade arc for a new SUP
ply of coffee during 190203 Of $3.50 ON
bags. Add to this the Visible supply Of
II. COO bags and the coffee world Is con
fronted with a total available supply for
( 19O2.03 Of 26. SOC, 600 bags. Figuring that
deliveries will reach about the same totn
MS this year, which point to about 1880
Geo bags this leaves total to he carried
into the crop year of 10000 of about IL,
100000 bags.
Added to the weakness Of the statistical
position is the near approach Of the new
Brazil crop and awaiting the marketing Of
this coffee there is general disposition
shown by the rank and fle of the trade e
hold off and await developments.