Estancia news-herald. [volume] (Estancia, Torrance County, N.M.) 1912-19??, 1919-10-09
BEAN DOPE
(From the st. Louis Bean-Bag
for October.)

er dull month IN the Dean
market, buying being slow and
very restricted. The prom
inent cause alleged for the
cessation of buying has been
the newspaper talk Of seizures
of foodstuffs in store, coupled
with wholesale grocer and
Gamers holding off in buying
in the face of a slowly de-
clining market.
Buying has been of a most
pronounced hand to mouth
style, no one seeming willing
to stock up for more than
their very immediate require
ments. Of course the effect
of this kind OF buying must
be felt sooner or later, and
wiseacres who have often hit
things right in the past pre-
dict a rise within a few weeks.
Stocks in the hands of the
wholesalers throughout the
country are said to be
very low, and with the fall de-
mand which is almost certain
to come as it has in years
past, we look for brisk selling
in larger quantities than or
dinary. By larger quantities
we do not mean export orders
of shiploads at a time, but
rather heavier buying from
the smaller wholesaler who
buys a hundred bags to car
load at a time. He must have
to supply his trade and at
their present attractive prices
he will buy a little heavier
than formerly, as the price is
probably as low as it can go
safely.
In a discussion of the trend
of prices a prominent bean
man writes that while the
market seems declining he OBJ
serves that every small lot Of
fered at a lower price is
quickly snapped up by some
of the larger operators, whose
faith in the future Of the mar
ket is still strong. Prices have
been called weak and declin-
ing for several weeks now, but
without any great decline as
a whole, the real holders OF
beans preferring to carry the
stock until the demand picks
up again.
No charges of boarding are
likely under recent rulings OF
food administration officials
so we hear from the, West
Coast, as the supply of beans
cannot be said to be boarded
in that at no time has the
price asked by owners ever
been strongly over the market
and almost every owner OF any
stock at all is constantly max
ing sales and reducing stocks
Export sales in any quantl
ty have not been reported, al
though we are, reliably in
formed that one or two fail
sized deals are still being con
sidered and will likely g
through at any time. Th'
element of uncertainty that il
felt today in the market ha
been the dominating charac
teristic of the market for tn
month.
Very little buying, eithe
export or domestic is neede'
to start prices up again, an
while it may be many moon
before beans can be said to b
soaring in price" they ca
double their present figur
and still offer a profitabl
purchase for the housewife.
Tausend and Maloney, 6
Grand Rapids, Mich, have il
sued a very interesting circl
lar. Figures they have con
piled from Government r.
ports and other sources sho
the total or the estimate
1919 crop added to the carr
over for this year, or stock
store; to be less than sales la
year.
Figures showing stocks
hand and estimates for tt
1919 crop present some inte
esting material for study. II
Bean-Bag this month preser,
figures on both the Orleii'
and domestic crops, that
their face point to but Q
thing, higher prices, but wn
the rise will come is anoth
matter altogether. Whetn
demand will continue light 8
IT. fo,c 1uookc even.
whether tomorrow will sh!
a fifty-cent jump is questl
as broad as it is long-a q
mite statement cannot
made. Certainly beans c;
not go much lower, certall
they should go higher,
when the price will turn,