The daily journal. (Salem, Or.) 1899-1903, 1903-08-06
Hop Market
is Quiet

The hop market has quieted down
since the last of last week, when
burst, the California hop dealer. ere.
ated a little furry by taking the farm
ers' pool for the London market. For
a few days following that deal there
was considerable inquiry for hops,
and the dealers were all busy. but
now the market has again subsidized,
and, while the quotations are still up
to II cents. and even a little higher
for strictly choice growths, there Is
very little doing. There are still
about 200 bales of last years hops in
growers hands. but these are gradu'
ally going out. and the trade Is In
hopes that the olds will all be or the
local market before the new crop
comes In.
The prospects for the new crop are
very good in fact the yield promlset
to be larger than was expected ear
lier In the season. but. as is often the
case, the pests are threatening the
growing crop To some extent. Lice
have appeared In many yards, and
honey dew Is showing itself, owing 20
the weather conditions. The more
careful and watchful growers are be,
ginning a vigorous campaign OF
spraying, and the outlook is very good
for prompt checking OF the threat
ening evils. BY vigorous onslaught
on the pests the growers hope 10
keep their yards clean. and produce
a fine grade of hops for this years
market.
From other sections of the country
the reports all indicate good crop.
and the probability Is that this years
production will not be far behind. the
quantity thrown on the market last
year and the only question now will
be the quality.
The Waterville Times and Hop Re
porter of last Friday in discussing the
conditions in that section of New
York state. says
The weather for the past few days
has not been altogether favorable tc
the growing hops, but no special com.
plant has been heard. II was feared
that lice would thrive under the
weather conditions, but we do not
learn that they have increased to any
great extent. Some are inclined to
think that the yield will be greater
than expected two weeks ago. but as
far as We can discover the vines are
not armlng vigorous or arming out
especially well, only In the yards that |
started the season under the best con F,
ditiOns. There will be many yards !
where the yield will be far below the |
average, There will be more hops |
than last yee~, but not as many as in |
1901. The estimate OF the state IL
still generally put at 10000 bales by
the best posted hop men The only |
sale reported is six bales by Wallace
Hayes at 1SIsc."
The Producers Price-Current. OF
New York, of last Saturday, has the |
following TO say OF the condition OF
the hop market. and the outlook for |
the crop throughout the hop growing |
sections of the country:
Considerable activity has been re.
ported on the Pacific coast. Export |
ers have bought a number of lots, and |
some dealers have been making pur- !
chases. Prices were advanced lsc, |
the best lots now commanding 16hc. !
Dealers have also been more willing |
to contract for the 1903 crop. and are
bidding Ice; farmers seem TO be un-
willing to make many contracts un'
der l1c. The Oregon and Washing |
ton crops are doing we'll. but Califor |
mia Is still suffering from dry wealth.
er, and there is no probability that
the yield in that state will be more !
than 45Q00 bales. In New York state
the yards are looking well. aud there
is promise Of a good many more hops
than last year English cable and :
mail advices report heavy washing Of
the vines. but the yermin are still /
present in considerable quantities. |
The estimates of the English crop /
are now from 400 900 to 425 900 cwt.; /
the general opinion Is that the former
will be more nearly correct Germany
expects 20 grow as many hops as last
year. but Austria will have less The
fact that exporters have been buying
our hops at this season Of year has
had a stimulating effect and, with
purchases by our local dealers OF 800
to 400 bales on this market. mostly
prime brewing hops at 1Sk@l9c the
feeling Is a trihe firmer at the close,
and choice lots OF both Ssate and Pa
eiflc coast are quoted at 20@2lc. 9th
or grades range from l9c downward.
VIII buy one OF the best meals on
the Pacific coast: that is II you 90 20
On Gfafo