San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-26
COFFEE To SELL
|. FOR 90 CENTS
4 POUND SOON
Raw Coffee Prices Advance
Twenty-Five Per
Cent.
MARKET IS SHORT
Entire Coffee Trade Re-
ported in Confusion
and Excitement.
MARKET IS SHORT

nrnness, Nnlcn mas prevailed iOr
three weeks, to an advance last week,
and consumers of the better grades
may anticipate 80 cents a pound
coffee soon, according to a letter re-
ceived By local coffee rOasters from a
western broker. France is seeking to
get complete control Of the world S
coffee markets. Bonuses are being Of
fered for quantity buys.
Coffee rOasters all over the country
are just beginning TO wake up TO the
acute shortage, that is unquestionably
most severe the letter states. Brazil
crop will not be harvested until July
While the crop is expected TO be a
large one, it is unfortunate that the
manufacturing trade gave too much
consideration 10 the coming crop and
too little heed TO the nearby picture
portraying what is happening now.
Raw coffee has advanced twenty to
twenty-five per cent over the prices
ruling three months ago, yet manu-
facturers have not advanced the price
of roasted coffee TO the consumers.
This they undoubtedly will be compell-
ed 10 do. in view OF the new high
record prices being paid daily for raw
COffees in New York and New
Orleans, il is stated.
Need Five Million Bags.
In his letter. the broker estimates
that 100000 bags Of coffee will be
needed for consumption in the United
States before the Brazilian crop is
harvested. He added that this amount
of coffee will prove difficult to Sc
cure, as all of it must be imported
from producing countries which know
of the existing shortage in the United
States and therefore are certain to
exact fictitious values without alterna-
tive unless consumption is lessened by
eXOrbitant prices.
1t is said that France is seeking to
take TO herself complete control of the
worlds coffee markets and thus make
up for a portion Of the tremendous
losses incurred during and after the
world war.
Following this the local coffee trade
was thrown into a turmoil. the letter
reports, by a report of a 100000 bag
purchase of coffee in Nicaragua. Other
q ANhNh oA4Bo dNlhk Oli Lllt Alldullf
will carry tremendous shipments of
coffee from the east coast of South
America.
Prices in the western market took
a bound upward last week, the letter
reports. The coffee trade of the en-
tire United States has been thrown
into confusion and excitement when
1t learned that every bag of spot coffee
had been sold to coasters. kilograms
from nearly every city and town of
the country are pouring into San Fran.
cisco, every broker, rooster and whole
Saler is seeking options on February,
March and April delivery at any sort
of price.
Rains Prevent Deliveries.
The Colombian and Central Ameri,
can crop, now overdue in that port
cannot be moved at the point of pro
auction, due 10 prolonged unseasonabl,
rams. The incoming Brazilian cror
VIII not be ready for shipment before
July. Only meager supplies are avail
able in Java and East Indies.
" the average world production o.
IS,OOO,OOO bags, the United State
consumes normally 80 per cent. Tb,
Importation points are New York, New
orleans and San Francisco. New York
chicago, st. Louis and other large
cehteTs OF consumption were lombard
ing San Francisco last week will
offers TO buy. The largest importer
In New York bought S2jO.OOO of tn,
commodity in San Francisco last week
"A single broker in San Francisco re-
ports sales of S1,0000O0 and declared
mat millions of dollars worth of coffe,
was sold there during the same dav
3ahother concern sold 100000 bags a
$50 TO $40 during the last week. agoinS
average monthly sales Of 100000 bag
at SO a bag.
Green Coffee Advances.
Hreen coffee which was considcre,
lIrm at eighteen to twenty cents ;
week ago, sold later at twcntv-thrp
cents passing the twenty cent mari
Tor the first time in a decade. ROnusp,
were frankly offered for quantity BUYS
IN the western market by eastern
brokers. For the first time in twenty
five years it is reported that some OF
the. largest importers were without
"cfiee to sell.
Americans drink two classes Of
coffee, the mild or better grades come
from Columbia Southern Mexico and
the Central American states. The
cheaper grades from Brazil. Import
crs declare that Brazil will not be able
70 determine until May, how much Of
the new crop will be available for
shipment during August. September
and October The same authority pre-
diets a firm market until May.
Data OF Coffee.
Statistics compiled by the Morrison
Brokerage company are rs follows
The worlds visible supply on January
!, 1923 was G.9T9,JIO bags acains
S.26J,12f bags one year ago. Stocl
on hand in New York January I. 1921
totallcd Sl6%2g bags against 527.T1:
bags this year. The total sunpIv o.
Brazilian in the United States Januar,
1 was 1,115,2GO bags against 1.44l 49,