The daily journal. (Salem, Or.) 1899-1903, 1903-10-08
HOP
CROP
SHORT
And This the World
Over, Prices are
Firm
Local Quotations Remain at
From % to Is Cents
Baling Is Practically
Finished

The hop market for the past few
days has been quiet, and, while one
or two sales have been made this sea.
son at a shade over % cents, they
were exceptions. of the best quality,
in small lots, and secured to fll spe-
cial orders, and not because the mar.
ket was advancing. The local quota.
tions remain at from 2S to 25 cents
per pound, and few sales are being re.
corded, for the reason that orders for
the past few days have been scarce,
while growers seem to be In no hur.
ry to dispose Of their holdings at the
quotations named. A few sales are
being made from day to day. and one
was reported yesterday, where a good
sized lot of choice hops changed hands
at % cents. Dealers are busy secur.
ing samples. and In a short time II Is
expected that the hop market will
open fully, when many growers will
let go their holdings Nearly all the
hops are now baled. and large quaint.
ties of them are daily brought to this
city for storage in the Southern Pa.
cific warehouse.
The Waterville, IN. " Times, in
It's issue Of last Friday. says Of the
hop market in that section OF the
country;
The hop market continues in a very
satisfactory condition. with a little
business doing all the time at 29c and
soc. p. Carter, Deansboro, sold %
bales at soc, and George Burgess,
Cassville. 65 bales at soc. The N. ].
st. John lot of 60 bales was sold this
week at 20 cents. A buyer said today
that he offered 31c for a choice
growth, and wanted 1t. but the slow-
er refused. II has been rather dry.
until the rain OF yesterday. for the
growers to bale their growths."
The New York Journal and Bulletin,
Of last Friday, has an interesting ar.
ticle on the hop market, and shows
that the supply OF hops TO meet the re.
quirements OF the trade for the cur.
rent year will be somewhat smaller
than last season. Following is the ar.
ticle:
The markets on the coast were gen.
orally reported as holding firm. with
choice Oregons at 25c and Sonomas
at 25@25hc; a sale was reported OF
300 bales OF Sonomas at 25c and II
was understood that other sales were
made, but particulars we're not given.
The market up the state was strong.
Dealers we're picking up occasional
small lots of desirable grades at 500
3lc, but as a general rule growers held
for higher prices. and this checked
business. The local market was frm.
a limited amount OF business was
transacted IN medium grade 1903 Sac
ramentos at 26c and 27o. II was stat
ed that the principal buyer OF State
hops for the English market bid To-
cal dealer 3Sc for choice grade OF 1903
State, but the bid was declined and
SAC named as lowest Latest mail
advices from the Continent report a
strong statistical position. The total
1903 Continental crop was varlously
estimated at 655,O00 TO 7l5,OOO cwt.,
and the consumption at 735 900 TO
7s5,00O cwt.. which would Indicate that
the Continent could not possibly spare
hops for export The United States
crop is variously estimated at from
5000 to $1,000 bales larger than last
year. More than offsetting this in.
crease, it was figured that the i'm
ports will be 10000 bales less than
last year; exports 1900 bales more
and reserve stocks are 10000 bales
smaller. thus showing that the supply
Of hops TO meet the requirements OF
tbs trade for the current crop year Ii
10000 70 50OOv bales smaller than
last year,
I