San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-21
6HARP ADVANCE
FIN PRICES Of
| COFFEE IS DUE
Dealers Predict Shortage in
tn e Unite d
States. =.
FRENCH HAVE CONTROL
Nearly All Options Taken
Up by Brokers in For
eign Countries. s.
FRENCH HAVE CONTROL

l.Aecording to figures and reports from
ID Morrison Brokerage Company,
ealers in green coffee, the price Of
bffee is due to go higher. The pre-
bction of higher prices is explained by
,e fact that 100000 bags of coffee
Jill be needed in the United States be-
pre the Brazilian crop is harvested. 1t
| i'll be hard to secure this large amount
ithout the price going up because all
j the coffee will have to be bought
'rom foreign countries and they are
ell posted on the shortage in this
buntry.
Following is a report made by the
orrison Brokerage Company:
"Coffee roasters the country over are
lst beginning to realize the acute
ortage in supplies. Brazil's crop will
,t be harvested before july and hardly
ailable for consumption in this coun-
y before August.
sWhile the 1929 crop is expected
be large. it is unfortunate that the
Hde has given too much consideration
. the coming crop and too little heed
the nearby picture portraying what
happening now.
Up 25 to 80 Per Cent.
"Green coffee has advanced 20 to 80
|r cent over prices ruling Il few
onths ago, Notwithstanding manufac-
rers have not advanced roasted coffee
consumers. This they will und0ubt-
ly be compelled to do in the face OF
e new high record prices being paid
lily for green cOffees in New York
I'D New Orleans.
1T is estimated that 100000 bags
coffee will be needed for consumption
the United States before the Bra
ian crop is available for consumption
this country. This amount of cot.
will prove difficult to secure as all
it must be imported from producing
1mtries, which are fully posted on
Editions and the shortage in the
[iited States and are certain to exact
cher prices unless consumption is ma
'ially lessened by exorbitant prices.
SN months past, French agents
We been active throughout the coffee
oducing districts of South and Cen
ll America and have secured options
vast quantities of the staple bean
ed TO make the international bey-
ige.
French Buy Coffee.
According to the latest information
ships of the Frenh lines have been
structd TO call at Central American
rts and load coffee for Havre. One
ndred thousand bags have been pur-
lsd by French interests in Mica
qua alone and from the east coast
South America.
San Francisco is a very large mar
for what is known TO the trade as
Ids and eastern brokers and in COM
ition with local interests have
light practically every bag of spot
fee in that market. kilograms from
lrly every city in the country are
lring into San Francisco, every
ker, rooster and wholesaler seeking
ions on February, March and April
iveries at any price. The four
gest in San Francisco-Grace and
mpany, Otis McAllister Company,
American Finance Corporation and
as Brothers-are without spot cof-
to sell. Bonuses were frankly Of
ed for quantity lots in that market
eastern brokers. This condition has
n unheard of for % years.
Americans Drink Two Classes.
Americans drink two classes of cof-
s. The milds or high grades come
m Columbia, Southern Mexico and
Central American states. The
kaper grades come from Brazil. Bra
will be unable to determine the
nifty of the new crop available be-
May for shipment TO this country
ing August, September and October.
OF the average worlds production of
100000 bags the United States con-
mes about 80 per cent and will re-
re for actual consumption for the
six months approximately 9,000,-
nAdgs. Taking into account stocks
this country we will have to import
10000 bags.
Roasters in the face of actual con-
ions will be forced to advance prices
consumers with the only alternative
reducing quality or using substitutes
ch has never been satisfactory to
American coffee user and coffee of
d cup quality it is freely predicted
soon cost the consumer so cents