New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-26
COFFEE VALORZAT|ON
Tribune'S Prediction of Higher
Prices Being Verified.

The Tribune's prediction that higher
coffee prices would follow as a result OF
the recent announcement by the yaloriza-
ton committee that the $1,000 bags be-
lieved to have been stored in New York
warehouses had been sold is being ven-
fled i'm all quarters of the downtown
wholesale district. The two main factors
that housewives may not be aware o.
but which are regarded as the CHIEF OBJ
stacles to any reduction OF the present
quotations, are the poor crop or 1917 ahd
the fact that the present visible supply
Of the commodity is now held by few
large coffee interests.
Last year the total coffee crop OF the
world amounted TO Il, 10000 bags. OF when
Il. 40. 600 came from the Rio and Santos
districts Of razil The excess OF pro-
duction over consumption aggregated ON!
lg0 g9S bags, while In the previous year
the worlds consumption OF coffee over
production exceeded the years supply D!
over 100000 bags. These statistics make
IL plain that the high prices or lsl2 anu
1871 are also due to the fact that produe-
ton has been kept down in order TO main
tain prices This Is readily seen py the
average prices for these periods, wheh
coffee sold al liz4 and 1875 cents peund
respectively. while in 1910 the produc'
sold for SIX cents and In 1893 for q.
cents Commenting upon the position vi
coffee an authority yesterday said:
Coffee In the American market Is GER
tain TO enter upon "a new stage OF values
"a as out from ufQcf TIE
shadow Of NalOriZatiOn. That event VIII
have occurred whenever the stocks OF w"
latest distribution from syndicate hoiu-
iugs become more or less completely ap-
sOrbed by the roasters. Then the ques-
ton of prices will hinge on the relation
Of competitive supplies TO the domestic
demand.
Al the prescn; time what is called free
coffee has the largest single aValiaD'
quantity i'm the United States, where BRA "a
I'll stocks and stocks aftoat are Z,i-o'V"
bags That is $1,000 larger than last year
Santos and Rio stocks-2, $40 90 bags
are 81 900 bags smaller tnan year ago
OF mild coffee in this country other IMAM
Brazil we have 225,O00 bags. or slightly
less than 1912. Stocks as Whoie are
smaller than last year.
We are within five months OF the emu
OF the crop year. with approximately J.
10000 bags more To come down 10 MO
and Santos between this ana the emu
of l1lue. lntTt nave tlI'dhN Noih'
TO the seaboard $4,000 bags, and II We
make the crop one Of 1OJD,0U bags We
shall have 1861, 600 bags more 10 come
1t is said that coffee deliveries this year
have been rather irregular. There have
been weeks recently when no more than
1000 bags were taken from New YORK
and New Orleans for interior account
while the second week following. the
roasting market took twice that amount
There has been so much holding OF In
the United States that the scarcity III
hands nearest the consumer has Deeh
looked upon as a bullish factor from the
wholesalers point Of view.
During the six months ended December
81. Europe took about $1,000 fewer bags
of coffee than a year ago and the United
states has taken about 5000 bags more
II is estimated that deliveries are nov
about half million bags short. while
visible supplies We're 10000 bags less on
January ! than the year before.