Elk City mining news. (Elk City, Idaho) 1903-1913, 1911-11-30
INFORMATION ABOUT COFFEE.


The following extracts are taken
from circulars issued in four of the
well Known coffee markets of the world.
The first extract is from circular is
sued to F. Nortz & Co., Havre, France,
from their representatives in Brazil,
and is translated from French.
"The stock of Brazil coffee in
Havre is today 1,s62,311 bags. The
Valorisation, or rather the banks, hold
1,527 900 of it. There remains, there
fore, actually at the disposition of
| legitimate trade, 1881 bags of Brazil
coffee. There is not a trader in the
Interior of our country who has not
in bond in Havre either S, 20, 500 or
more bags bought long time ago. If
all these small and large holders united
10 withdraw from our bonded ware
houses this coffee, what would remain
as visible stock at Havref There would
remain very little-Nothing. And at
sea-afloat from Brazil to Havre-
to say, Nothing. Are you astonished
now that Brazil is firmf Brazil knows
that $4,000 bags of coffee per day are
consumed in the entire world; it knows
that Europe and America are short of
countries than Brazil have finished;
that the stocks of these kinds are
bound to diminish from now to the
month of April, 1912, and it knows
above all that the consumer is at its
Mercy
Second extract: Carey g. Browne s
Fortnightly Circular, dated London,
August &c, 1911:
"The Brazilian market appears to
be in a serious condition. There is
not much business passing C. f., and
vet values are kept very firm with an
upward tendency which gives the i'm
preston that there is some agency at
work which it is difficult to guage
The daily receipts are also surprisingly
small for the season of the year.
Third extract: R. C. Wilhelm & Co.,
line. New York, who have been, as
finn. constant "bear,' or at least
verv conservative in his views with
regard to the market going higher.
From the following extract it is easy
TO see that they have changed their
position more or less:
"The market is very firm, and every
indication points toward the situation
: being strongly dominated by the pow
ers who are now in control, forming
virtually a trust, and we understand
their predictions are for prices to be
= several cents pound higher. We have
s not been believers heretofore; never
t theless. we see so little coffee around
e that we realize the. conditions"
Fourth extract: c. E. Bickford &
Co., San Francisco, Cal, have the fol
lowing to say with regard to Central
America coffees:
cit is our belief that the Pacific
Coast buyers have anything but normal
stocks. and the total of firsthand sup
a ply coffee in San Francisco today, with
e all the Central American Republics
practically cleaned up, is less than H.
900 bags, all told-or, in other words,
e Hess than two weeks normal roasting
needs. With desirable selections of
mild coffees obtainable in New York
at less than Is "a to 16 cents. and
from Geographic advices, we are led to
believe that nothing desirable can he
obtained at less than 16 cents, it is
t little wonder that local dealers have
9 seen fit to buy here during the week
!. as largely as they have. The point that
/. we wish to call your especial attention
to is the fact that mild coffees, which
a are almost essential to blend with Braz
l1l1an cOHPcS. TO Insure Il SOiutWhdt bhi
. formitv in your roasted output, will
in our opinion, be exhausted before new
Icrop coffees. which cannot be looked
for in. quantity for six months are
s available. This wears Brazilian croI
e is undeniably extremely poor in quail
G ity. due to the abnormal weather con
lditions existent in that country, ant
from the daily circulars of the New
u York Coffee Exchange you will find tina
unusually cold and rainy weather j
g still prevailing there, which is mos
o dangerous omen for the coming crop
Messrs. Nortz & Co., of Havre, writ
us that they are in receipt of cabl
] advices from Mr. Barboze, ST.. of thu
firm of Barboze & Co., whom they con
slider one of their most reliable inform
l. ants, that the September Towering /
most unsatisfactory. and does guaran
tee that the next Santos crop will no
Isurpass a maximum of from eight t
~ nine million bags. The Pacific coas
l. has no alternative now but to loo
largely to Brazil for coming needs. ant
lif the writer were a buyer, from al
S, advces we are in possession of, h
would not under any circumstances pun
: chase a single bag of cost and freigh
II coffee until such a time as the qualit
| of this crop is better determined, and
l above all not until such time a
) cost and freights could be purchase
L at a figure somewhat nearer the spo
I worth of relative grades or growths
/ We are issuing this circular with tn
view of acquainting our trade with on
side of the coffee situation. We hav
not selected these extracts from circr
lars issued by the radical "bulls,' bu
II have endeayored to obtain circulars an