Evening star., 1924-07-27
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not yet been announced, and this
fact has also been taken into con-
sideration by American shippers.
Several steamship companies are not
now including Santos as port OF
call for the present, and have stop
ped receiving shipments for that port
Only slight Price Rise.
Now there is one very surprising
thing about the coffee market. The
price has not gone up to amount to
anything. considering the real sltu-
alton. The price is up just about 2
cents per pound.
Those who have been studying the
situation figure that the price has
been held to normal because the
shortage had been anticipated TO
some extent. The coffee dealers are
rather looking for the revolution to
be ended by compromise almost any
time. and the trade is skittish of get
ting caught with lot of high-prlce
coffee on hand If the revolution is
settled, either the federal forces or
the rebels. whichever wins out will
be hard up and will ship their money
crop-coff stored in interior
warehouses; as fast as possible.
The coffee dealers in this country are
not much worried about the possibility
that the rebels may win. The new
valorization scheme has proved so
profitable that if the rebels should gain
control they are not likely to make any
great change, but to continue the pres
ent system.
The high price of coffee is not due so
much to the revolution as to the fact
that while the last crop was a heavy one
1t was largely low-grade coffees, which
pushed up the price of the better grades
such as the consumers in the United
States demand.
To show how important the Brazilian
coffee supply is to this country it is we'll
to remember that the total imports of
coffee into the United States in the cal
endar years 1922 and 1928 amounted to
246O60,667 pounds and 1,407,S55,96
pounds respectively. OF this amount
Brazil supplied in 1922 some S02,546.S70
pounds or "a per cent, and in 1928 1t
was 934,75S,S79 pounds, or &C per cent.
j MS SHOWS liltl dl Tic piSoSHe tiihS ehS
United States is dependent upon Brazil
for something like Go to 70 per cent of
the coffee consumed in this country. The
average weekly imports of all coffee into
the United States is between $4,000 to
100000 bags of 1872 pounds each.
Visible supply i'm u. s.
The New York Coffee and Sugar Ex-
change estimates that on July 81 the
visible supply of coffee in the United
States was 1,314,644 bags. Estimating
the consumption at 100000 bags week
ly, the result is that there is about six
weeks supply visible. Some of the cof-
fee trade state that there is approx
mately a two-month supply visible in
the United States.
In 1850 Rio de Janeiro exported
I.343.4S4 bags and 3.513,36s in 1880.
The city of Rio was the leading coffee
port until the advent of the republic in
1889, when Santos held the lead, and
has held it ever since.
The average production of coffee in
Brazil is about 12.OoO,OOO bags. of
which over SO per cent is produced
IN tlte state oI Sdo fduio. otdeistieS
of production of various crop years
tcrop year is from July / to June
30) show that in 1886-S7 the total
Brazilian crop amounted to 6,O7S,000
bags, in 1896-97 the crop amounted
to S,6S0,000 bags, in 19O6-07 there
was a large crop of 19,654,000 bags
and in 1916-17 the crop was 12,112,000
bags (bags are 1872 pounds IN
veiEht). The 1923-24 crop is con-
servatively estimated at about 49,
100000 bags. while the crop for
1924-25 is estimated at nearly 7,OOO,-
900 bags, which is a sharp decline
from the previous year The leading
cofYee-producing states following
Sac PauIo-re.- -Min2S. Geraes. Rio De