The San Francisco call., 1904-06-07
THE COFFEE TRADE.
Samples of the NezU Crop ShoaO a
Verv Small Bean.

The New York circular OF Henry Nordlinger
& Co saws OF the Coffee trade:
pected 70 be late one because Towering set
in an q very late period last fsli. An eNcep-
tional long spell 81 hot and dry weatner
brought about a quick ripening Of the cherries
and with u an early crop ,-,,,
Samples OF the first Of the new crop which
were recently received here show a very smali
bean. which is a sign that the crop naturea
more cherries than l. usually required 10 HieA1
up the we.ght q bag o. cones, once, r.i,v well
Informed of the early matlrl.s .. : ne & Al --,,s -
nov waiting Ter new crop CorIee 70 move IlYIe
freely 20 shipping ports IN order 70 ootsla IAN
E0ocs 10 advantage, II pelhs tnolsHa 1.iae .sae
Brazil viii not be able 10 take care OF @ N
heavy receipts during The nrst tnEee 70 9s lqos
as a rule one-han 10 five-eighths OF the crop
is received ar Shipping ports aIo tha5 coI.iii.is
sarlos iu Brazil viii be bound 70 s elNsri ne s
hulk of these receipts 70 consuming markets - at
whatever price may then be obtainahle ms
waiting policy on me part ot consuming ILL., s
l-ere has resulted in a considerable reduction
a stocks In most ri them. and We believe that
the invisible supply lstocks hello IN the interior
81 Europe and The United StaUes) is now much
smaller than 81 has been at any time IN recent
years European port stocks of BrSzil s'ofiee
ere also smaller than they were on July last
year. fhese markets are therefore N oetteI t
shape than they were last year TO make their
usual purchases OF new crop
List wear Europe took 10000 bags from
Rio and ssntos during July 70 oet2oer go opt i5 oi
fs,- ~. es-i, Tert "a The season are a factor
Which must he taken into reckoning
while "a is stin uncertain what the size ot
the cron wllI be-. there are several inolcations
- fn- Instance The premature rpenlng oi
the cherries the smallness u the bean, the
relatively small receipts in Rio and Santos ana
fra conlrarative absence OF pressure on the part
"a F5-az'r to make sales FOR futures shipment
Which lead us 90 believe that the Brazil crop
win be smaller than the average estimate
ROW .,
Trade in this country has been very dull
and our friends in Europe report similar
though NOT quite as bsd state ~ affairs there
This fu-lness has now prevailed 70 more or
less accertuated degree for the extremely long
period az nearly four months. and ar long as
rms absence OF demand continues we may en-
counter a dragging market.
..AfHf Cofees are IN plentiful supply, but
are frmly held. not only here but IN EuroIe-
the producing countries carry very small stocks
- he present time Several Of the Central
American cfops are reported 70 have been
erfnre5 out In their entirety. so that there
-fT he much Jess ~ these kinds coming FOR
ward during the next fiscal year than in the
ur-eseut one. II Is claimed by some very vel
informed PARTIES shat the receipts Or mild
r--~lre fr the United States curing the next
se,er months viii he 30 10 80 per cent less
frqn they were during the same period last
wear II this proves 70 be true % viii have 2
beneficial influence on the general statistical
faII''