Daily capital journal. (Salem, Oregon) 1903-1919, 1906-08-16
HOPS
TWENTY
CENTS
Woodblrn Reports Sales at
That Price>A Jump
of Three Cents

Jonn A. Glatt, OF WOODRUFF, con
g tracted today 10000 pounds of hop
: to Henry j. Miller, of Aurora, at q
5 cents per pound. The deal was made
! IN the office OF Attorney Thomas
Brown of this city.
Seventeen cents had up to yester'
day been the best price paid for 1906
Oregon hops. Dealers could not ex-
plain the sharp advance, except on
the supposition that Mr.. Miller want
ed the hops badly, and could not buy
them at n lower price. Some dealers
refused absolutely to believe that
such a price had been paid by Mr..
Miller, or by any one else, notwith-
standing the hop men on the ground
at Woodburn telephoned in that they
had seen the contract. The terms,
according to these eye witnesses to
the document were 5000 cash, $1,000
at picking time. mr Miller himself
returned to the city late last even
ing, but he would neither confirm
nor deny the purchase.
Without the news OF n 20-cent
transaction. the market would have
been In ferment, as orders came
pouring in from all parts OF the
East, though the limits did not per-
NIT of business. Dealers who have
been without business since the
bulge started received orders from
their Eastern houses to buy. Hop
merchants on the other side of the
continent seem to have awakened to
realization that the bumper harvest
on the Pacific coast some time ago
would not materialize. Even In Yak
Ina, where the market has been life
less for the past month, there were
numerous Eastern orders yesterday.
julius Plncus, OF Isaac Pincus a.
Sons, OF Tacoma, who was I'm the
city yesterday and bought 10000
pounds OF Witch Hazel hops from A.
j. Ray a Son. at I'm cents and 40
600 pounds of Yakimas at the same
price, says the Washington crop this
year Will not exceed 5000 bales, as
against $4,000 bales In 1905. Mr..
Pinous does not estimate the Ore
gon crop over $4,000 bales. and be-
lioves II may be reduced to 100. .0O-
bales.
Joseph Harris. OF Salem. represen-
tatlve OF BENJAMIN Schwarz A Sons, |
was at the Belvedere last night and
expressed himself as confident that
the Oregon crop viii be light, and
that high prices will prevail
This market does not reouIre
boosting said Mr. Harris. "It will
go up OF its own accord, am not |
ashamed TO acknowledge that we are
bulls, and, although we have a few |
hops, We are not advising the farm. |
ers what TO do, Every one knows
that the market is ready 20 take all |
the hops that are offered. What bet |
Ter argument for the soundness OF its
position can be advancedg In nv
mind the farmers would beneat
themselves by holding for awhile. as
am satisfied that when the hops are
In the bale they will get 20 cents or
better, They should use different
tactics from those OF last year. and
from the way they are holding ON
now believe they will do So
The latest cables by our house
estimated the English crop az sS5..
GOO hundredWeisht. Last year Eng.
land produced 6s5. 900 hundred.
welSht and the continent l.s6O 600 |
Anndredweigh,. That shows a short.
age this year OF 1890, 600 hundred.
Weight, or 6S6,O0O American bales
4 is said the foreign brewers have n
ArGe surplus left over from last
ear THAT may be the case with
ome OF them, hut two-thirds OF them
'ny from hand TO mouth. and these
VII hook 70 America for a supply. !
IN satisfied that the exports from
ols country viii run TO zoe. .OOOl
Aiea' Where are these hons coming
'omS The prospective American
appy Is dwindllng day by day. and
''her the foreigners or the Amer,.
An consumers win Eet left. The Ore.
On farmer, at any rate. Is going 10
'ont by the situation" l.
one OF the interesting dsys,an.
tents OF the day Was the positive
a'smsn' by an exporter that ,hsra
- 'ore'sn orders now on the mar.
among the news teiephonea dawn q
ON salem last evening was ,ha lm