Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-09-22
FARMERS
Getting THEIRS
SMALL CROP OF LAST YEAR
ALONE HELD As CAUSE.
NO COFFEE TRUST exists?
Tho Yield Now Growing Has Nothing
To do in FIXING Price OF
Berry On Hand.

Have you noticed the advancing
price Of coffee in Tulsa?
Well, don't be alarmed, for the raise
Is general every wherc-and the big
coffee exporters say that still higher
mark is to be reached soon.
That the advance in price is due
to crop shortage in Brazil. and a
return to normal conditions Tor cof-
fee farmers who have been reaping
small profits in the last few years,
according to both coffee retailers and
Wholesalers.
Denying the existence of coffee
trust" and couclsely explaining the
real reason for the advance in price
of this much-uscd staple, j. j. Sohtten,
ST. Louis representative of Crossman
4 Seilken of New York, the largest
coffee dealers in the world has made
public statement from Mr., Seilken,
which, In part, is as follows
THE advance in the coffee market
has been due solely and alone to the
small crop last year, and II the trade
has been looking back, when prices
were low, they were obliged to buy
at the advance which existed last
year from July 10 December. Then
We had u decline from January TIL
May and at lower prices the trade
mover buys. following the advance of
trade papers, which. since five years
have been preaching a decline and at
| tributlng every advance to manipu-
latlon and speculation.
| Il claim the history OF coffee, as
well as any other produce which
grows out OF the ground. proves that
nobody in the world is able to sue
cessfully manipulate and advance
the market. unless conditions favor
IT, All the wheat deals. all the cot
| ton deals and all the sugar deals
failed when conditions of supply and
demand were against it.
The coffee world has accustomed
| itself 10 base the values OF the current
crop on the out turn of the grow
/ Ing crop, and as long as that is the
/ case the coffee merchants and spec
ulators will buy on future prospects
or discount a probably large crop
( doomed to failure, unless the pros
poets calculated upon turn out as pre-
dicted.
The best informed importers and
/ experts in Brazil. with whom / have
/ friendly and intimate relations are
now advising chat the current crop
will be below 100000, and some
say not more than 100000 for San
tos and some below 100000 for Rio.
/ As to the growing crop. no figures,
so far. can be mentioned until we
have a substantial Towering, which
has not yet taken place; but every
thing points to small crop. My per-
sonal belief IL II viii be below
| 100000 but | have no figures to
so on except the reports Of the con-
dtions Of the crop since February
As the Santos crop decides the fu-
ture. we are likely to have a pro-
orged season Of higher prices The
exact advance can be measured by
tho exact size ar tie probable figure
.t beth Rio aud Santos. and before
rlbhlc figures can be named we will
have To w..t at least six or eight
yeoks
The iso6-o1 crop. the record crop
star q ir Towering In July. and ccu-
tlnued TN No,cuber and for hor-
vesting there was an absolutely drv
season. the next year from May tim
october. so that every bean which
had grown. could he collected and
sent TO the market"