The San Francisco call., 1905-01-10
THE COFFEE SITUATION.
Position OF the Staple and Its

Position OF the Staple and Its
: Outlook.
The New York circular OF Henry Nordlinger
'& Co. says:
>. las to the prospective position of Coffee
as result of the movement during the next
six months. the last six months of the crop
year. While the port stocsk in the United
e: States arc unusually large it is well known
:. that the interior cities (barring one or two
which have of late begun to buy more freely
: Are very poorly supplied and we do not think
we lean TO exaggeration In our estimate that
the interior cities OF the United States as a
whole carry at present three quarters of
= miLIlon 10 million bags less Coffee than they
1AVe usually been carrying heretofore. From
Europe we receive similar reports but the
position IN E0rope Is even worse in this re-
'speot, that their port stocks are about one and
- half million bags less and their interior
stocks from one to and a half million
bags less than they were a year ago. We
: nave, thersfore, very good reasons to look for
an improved consumptive demand and while
we pat the deliveries for the next six months
e .At only I,SO0, 0OO bags, we expect them to
reach fully eight million bags.
Although We start the second half OF the
:. crop year with visible supply of about the
same m exfent 9G1.s as year ago. we must remark
ply was about 500, 900 bags in excess of what
Il. was on October the year before. This sx
crease in existing stocks will no doubt con-
time and we expect same to become acute
during this and the following months. The
receipts during that time at Rio and Santos,
as weli as those of mild sorts, will be con-
'slCSTdUly less Inan came FORWARD IN previous
years and the deliveries from port stocks
the ether hand are sure to show an unusual
expansion due to the depletion of stocks in
most distributing centers in this country as
well those of Europe. From these ex-
pectod increases in the deliveries we exclude
the month of January. during which the de-
liveries last year reached unusual proportions
:dGe to belated purchases by interior merchants
conditions which prevailed at that time having
been similar to those existing at present.
European houses with hardly excep-
ton. believe that the current Rio and Santos
crop will be in the neighborhood of ten mill
lion bags and their belief is not an unreason-
able one in view of the quantity received so
tar. Had we not followed the causes of the
movement SO closely as we did, we would most
the basis however. of information received
by us from most reliable and disinterested cor
: respondents in Brazil. we are willing to go
'on record that the present crop Will not be
more than about nine and half million bags,
and may turn out to be quite some less
Mild Coffees. the bulk of which usually
come forward during the months of March,
April and May. and Of which last year a
pri5ingly and exceptionally heavy movement
was encountered for the whole period of the
. six months from January June. will show
extent of about and a half million bags.
Reports from Venezuela Colombia Costa Rica.
Nicaragua. Salvador, Porto Rico and Hayti
all to the one effect that a very small
crop has been grown and calculate the
falling off the receipts from those
tries In the aggregate at fully 40 per cent.
tn. the other hand. Guatemala and Mexico
have sent favorable reports and their crops will
no doubt show some increase over last year"