The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-10-03
Big Coffee King Says That Prices Won't Fall
Herman Sielcken Predicts They Will Soar In
stead-Claims Crops are Short.

years 81 has been. an average price.
Corn has sold below 20 cents and of
late years SO cents has been low
price for it. Should coffee be the
only article in the world constantly to
remain low?
81 have been actively connected
with the trade for over thirty years in
New York. and my experience has
been that no manipulation, no power
of money, has been strong enough to
prevent a decline when the supply |
and demand demanded it. The con-
slant talk about coffee trust and cot
fee manipulation is all buncombe and
the parties inyenting such terms as
coffee trust know it is untrue and the
word is simply used to poison the
minds of trade and try and convince
them that there must be somebody
guilty of advancing the price of cot
fee, when they have predicted de-
cline.
Vatican circles. The result has been
/ Weather Man Is Goat.
ut Is true there is powerful fac
! tor strong enough to advance the price
! of coffee, and to have caused high
! prices of wheat, corn and cotton in
the last ten years, and this guilty per-
son is beyond the control of any hui
man power. 1t is the weather man,
and every merchant knows he is the
only one strong enough to cause and
4 maintain the great change to which
everybody has to submit-consumers
traders and spectators. AS far as
coffee is concerned, the majority of
spectators remain on the bear side.
The exporters in Santos have sold dur
ing the spring and up to within a
shipments. No doubt some of it was
sold by the planters, some of it by
. the commissarios in Santos and some
i of it by the large exporters. AS the
r sellers have not been very fortunate,
. of course, nobody sold really short;
. everybody was covered somewhere,
!. but still all continue to work against
the market.
d THE interior trade of Europe is
e generally very poorly supplied. They
e made an attempt to buy more liberal
p ly in May and June but since then
y they are buying strictly from hand to
IS mouth, and some of them sell the
s roasted coffee for future delivery with
4 out possessing the green article. Judg
al ing from the small deliveries in the
n United States, it must be very similar
% there, and as long as this remains
it consider the market safe. All ad
lc vance, caused by short supplies, b.
Of continued disappointments of this crol
D. and against the wishes of the larg'
majority, is usually sound. ! canno
u help thinking that the average pric
g for 1886 to 1896 will return. For hov
X long do not know, but conditions Il
" Brazil must radically change or els
re prices are apt to go higher. In Brazl
e. the market is not in the same condi
III ton as year ago. when, from tn
Mt middle Of September until the end
rd the year, the entire market in Santo
Id was uniformly held strong, with every
or body believing in higher prices unit
~ the inevitable decline took place
TO Were they all bulls and all loaded W
I'D never could hold with safety.
to "still another question which tn
ne trade has to consider. The tinancla
ke condition of the State of Sac Paul
or and the port of Santos are quite differ
10 ent from former years. They can nov
be compared with the conditions
cotton as they have existed in the las
ten year, compared to the time froI
RS 1880 to 1897 Just the same as
ce former years the cotton crop mad
to be sold when it came to the markt
or Just the same as coffee had to be sol
or irrespective OF price. Today both tn
ly cotton and coffee planters are IN
96 position to sell their crop at their ow
ge leisure The planters and dealer
lid themselves have improved their fina
or cial condition, and money is easier
he be obtained on either cotton or COTE
re whenever it is wanted.
ey 81 have noticed some parties indu
ed Congressman Norris from Nebrasl
er to induce the government to inVes
ret gate the coffee trust, or what else TIT
ra- may call it. In my opinion, ignoran'
ex- as to facts and misrepresentation
he to conditions induced the honorab
it'll congressman to lauEch this investig
err ton, believing in record prices WIFI
I'D values were only half the record pri
in and not more than the average sin
he my first voyage to Brazil. | belle
get that both merchants who were misl
na- by trade papers and circulars a
he spectators who had sold she
8 through the government should he
ate them out of their short contracts.
eat popular slang they were pleading t
ate baby act"