The daily journal. (Salem, Or.) 1899-1903, 1903-07-08
Indications Point to a
More Than Average
Crop
England to Have a Splendid
Yield and Pacific Coast
Conditions are Much
Improved

Aht hNp hioA net 10 oh Nht NSNhhNi
and growers who havs~held their crops
until this time cannot realize more
than GO per cent Of what they were
offered for their hops last November
and the outlook for Improvement in
the market, according to the best in.
formation obtainable in local hop
circles, is very slight indeed. Sales Of
hops during the last few days show
the tendency OF the market TO be stead
lily but surely downward. and there is
no circumstance at this time that
would indicate an early advance, II
one can be looked for at all before
the harvesting Of the new crop be
gins.
Last week several sales at IL cents
were reported. but the market contin.
ued TO grow weaker, and on Saturday
afternoon Lemery Bros, of Gervais,
disposed Of their crop. for which they
refused 26 cents last fall. at 16 cents.
T. A. Livesley & Co. OF this city being
the purchasers. Yesterday afternoon
Horst & Lachmund bought lot Of rs
bales at 15lS cents. This lot was also
a choice one. as good as could be found
in growers hands in the state.
Dealers all agree that the market is
very weak. orders from Eastern houses
are very scarce. and when received
are at such low figures that they can
not be filed. though growers still
holding their crop are anxious TO sell.
The top quotations last evening were
l6 cents, with indications for a furth.
er decline and today the same dealers
offer even less, as they cannot secure
orders at figures given yesterday.
Brewers are not buying stocks at
all. and advices received from New
York City are TO the effect that choice
oregons are selling on the market for
is cents. Deductlng from this cents
freight and a half cent commission.
brings the price of hops here down to
15h cents, and as this a quotation on
a duh market there is little hope for
an increase at this time.
All crop reports from England. the
Continent. New York state and the Pa.
cihc coast are extremely favorable.
and large crop is predicted this year.
unless very unfavorable conditions set
in when least expected. Leading New
York men predict a crop OF from 60.
900 10 10000 bales in that state; re-
ports from California are 10 the effect
that the yards In that state will yield
from $4,000 TO $4,000 bales, while the
hop gardens In England and on the
Continent promise a bumper crop. the
English hops, especially. standing very
well. or course. there are isolated
yards that are promising but a poor
yield this year both in Europe and this
country. These can always be found.
and they are TO be seen here in Ore.
gon. But the backward yards-those
that were backward last spring-have
generally come out nicely. and the
most OF these promise a good yield.
The crop conditions In Oregon and
Washington are very favorable at this
time, and hop men who are well in
formed, and have made extended Wis
It's TO the yards throughout the state
assert that the crop will be no less
than $4,000 bales. and some even place
the yield at 10000 bales, though Others
differ somewhat from this estimate
and place the prospective yield at
much lower figure. But, according 10
the best information obtainable, the
outlook for big crop Is very good, and
this naturally Is a factor in causing
decline In the market, especially n the
brewers generally are well supplied
with stocks and can wait for the new
crop before replenishing their stocks,
as II Is asserted by some OF the best
Informed men IN the trade is the case.
AS showing conditions in the yards
in New York and California, two wen.
informed hop dealers. who have but re-
Gently returned from these states.
were seen. and their statements,
based on observations on the ground,
are Of some value. George DOrcas has
arrived in Salem from Santa Rosa,
California. where he spent the past
nine months in the hop trade. ana he
says the California yards are IN excel
lent condition. and promise a yield for
that state OF al least $4,000 bales. Mr..
Dorcas Is here as the representative Of
Philip Wolf & Co.. Of san Franciseo.
and expects to open an once here tor
that frm.
Mr.. Hugh l.. For. a prominent New
York dealer. who makes annual visits