The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-02-19
c@C0<>@c9& 0cGcRC

WilIett Gray s Journal of Feb.
contains the following:
Whatever may be the actual reasons
in the respective countries, II * ap
parent that the coffee crops IN ever,
direction are turning out smaller thar
expected and the hgl1res up 10 dats
confirm forcibIy arguments 70 this e.
feet given in these reports from week
to week. Venezuela ana Hayti were
formerly two of the largest mild
crops. Early forecasts said they would
give large yields this year, hut now il
is known that the coverings which
looked so promising did not turn into
good crops after all, as the Venezuelan
crop viii be less than last year and in
Hayti only about half a crop. 1t
shows that too much attention should
not be given to reports that are too
often biased and premature. 1t is com
mon sense to expect that the coffee
plantations the world over at low
prices for the product, are not in as
good condition as they were kept in
when prices were high, and as the low
prices lasted about ten years it is rea-
sonable to conclude (the same as mat
tiers developed 20 years ago. that the
trees are not in condition necessary
to withstand the stress of weather thew
are subject to, and therefore, year
after year the promises based upon the
coverings turn out disappointing.
The report received here yesterday or
falling fruit in San Paulo is only in
line with this view, and early or pre-
mature predictions of large crops or
small crops for the ensuing season are
too unsafe to follow. For more than
fifteen months past, detailed state
ments of the unsatisfactory conditions
of plantations have come from various
parts of Brazil, which must be taken
to mean that large crops are unlikely
with labor scarce and nigh and money
too difficult to properly attend to the
cultivation.
The trade knows well enough the re-
quirements of consumption of coffee is
all the time increasing. With produc-
ton so much inferior to consumption
it is of great Importance and interest
to properly heed the causes.
Stocks at Rio and Santos are 100000
bags less than year ago. The United
States visible of all kinds about 200.-
900 bags less than year ago. Euro
pean port stocks 100000 bags less,
which alone point to very strong sta
tistical position, apart from decreasing
crops.
The local demand is fair, and reports
from the interior indicate the trade
must constantly buy to keep up to its
requirements. Rio No. Z is at S3sc.
Rio No. 4 at 91sc. and Santos No. at
91sc. to 9Ac., regular store terms.
February options, week ending Feb
ruary L: Highest, go to 6.95; lowest,
$50 to 6.s5; closing, $50 to 6.95,
against last year closing 700 to 7.05.
No. I last year, s 9-16c.
Visible supply of world, in bags, Jan.
], 1906, 1854 ,595; Jan. 1, 1905, 49,,
GIG, 399.
Stock U. s., all kinds, in bags. Jan.
I, 1906, 4,397 500; Jan. /, 1905, 1925
907.~
Stock Brazils in New York, Jan. 81,
3,689,49 bags. Total Brazils in the
United States, 3,911,241 bags. Total
in L. s., other kinds, Jan. -, 81, Q32
bags. Deliveries for the week ending
Jan. 81, 1864 bags, against 146,S37
bags last year. Receipts of Brazils for
week ending Jan. 81, "a, 700 bags.