The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-11-08
The Cofee situation.

The New York circular Of Henry NoTdlinger
GO. says;
p-esent crop season is that the world consumes
1l1rt Brazil coffee than is being produced,
nct mere matter u a Few hundred thousand
Lses az was ne case iast year oIt a. teas'
: rN0o00 20 20o0 eco bags more. This state
ueut on our part az the present time may ap-
pa strange when We are race 10 race win ne
biggest visible supply the world ever mad
IT, causes which brought about this state OF
Efatrs are that Brazilian crops nave oeen
rushed forward 70 shipping ports during the
pas four months az an eNrraoroinarlly rapid
= .-. altogether about 500 GOO bags BraZl
ccree GucludIng Nictorias and Bahas) have
come into sight during that time, being an
unusually large percentage OF the crop Con-
sumption although somewhat backward, has
taken lis usual quantity OF about 3, $50. 600
bags l- Brazil coffee The difference OF 2
added 10 the visible supply. Had the Bra
Eian CROPS not come forward such
tra1rdinary rate, We would not have the pig
visible supply which Is now staring US In the
gao. but the coffee would have existed on
fhe plantations just the same although IN
lare~ h Tie wear. Il would then not have
been felt 10 the same extent however, because
s l0nEer period ~ consumption would have
ac-ed as e fair onset.
The period Of heavy receipts at Brazilian
shipping ports is now at an end and con
month becoming more acute later The
monthly increases in the visible supply Of
the world have likewise now come 10 close
1ol me present crop year, ana CONTINUOUS oe-
creases VIII occur from now on in a more or
Af-s acceUtl6ted degree
There are 20 come forward at Rio and
bantos during the next eight months about
10000 bags and possibly :, 800, 600 bags
che latter maximum hgure). against a
prospective consumption OF Brazil Coffee for
that period OF about :. 750. 900 bags. II must
therefore. appear clear that the time for
substantial uplifting Of values is at
hand. II X has not already arrived
The United States more than any other
country has bought freely o. the current crop
while Europe has been very backward this
year ~ making Ter purchases. The time is
nov approaching when the Brazfliaus viii be
able 10 take care Of the remainder OF their
crop without assistance from consuming
countries. Purchases OF large blocks will
therefore not be SO readily effected from now
O.. European port stocks of Brazil Coffee al
The present writing are about ]. $50 COO hays
smaller than they were at the same time last
year and the aioats % Europe are about half
million bags less both u which we think
ar strong features for the market
When we come 70 consider the prospects
The lsla-oo crop indications that the
entQs crop VIII not be any larger and pos
sl-y gooe deal smaller than the present
on, while The Rio crop that is the crop pro
c-'e1 in the states of Rio and Minss prom
ls-s 20 be a good deal larger Il Will take
rl.T four 20 Eve months vet Tor the bean "a,
ca Pc had until then
have again received reports from ser-
ere mild Coffee producing countries the sum
t- substance 81 which are that there will
less mild Coffee produced this year ana next
pan mere has been for the past few years
- te basis ~ this Information we caIculate
-e lllai worlds production for 1904 O5 10
slt 10 lS.75oO0o bags. against a total
production o. 16 500 900 bags FAST