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Story
January 1, 1881
Eureka Daily Sentinel
Eureka, Eureka County, Nevada
What is this article about?
The collapse of major US coffee firms highlights the vast coffee import market. Coffee was first sold publicly in England in 1651, with US consumption growing from 159 million lbs in 1867 to 281 million in 1879, leading to over-production amid global demand.
Clipping
OCR Quality
98%
Excellent
Full Text
A CUP OF COFFEE.
The collapse of the coffee market attending the failure of the two greatest coffee firms in the United States, directs unusual attention to its vastness in the importation of that article. It was only in 1651 that a Jew opened the first place in England where coffee was offered the public, and it was not until the present century was far advanced that coffee consumption was considerable in the United States. A dozen years' growth of the amount annually consumed here is astonishing:
1867, coffee consumed....159,644,937 lbs.
1879, coffee consumed....281,490,660 lbs.
The growth of the demand for coffee has stimulated over-production, great coffee groves having been planted and brought to the bearing stage during the last five years. Although the United States consumes more coffee than any nation, Great Britain, Germany and France require an immense quantity, and the cup required to hold the world's drink of the stimulant must be equal to the basin of a small ocean. The cost of filling it promises to be less than in former years.
The collapse of the coffee market attending the failure of the two greatest coffee firms in the United States, directs unusual attention to its vastness in the importation of that article. It was only in 1651 that a Jew opened the first place in England where coffee was offered the public, and it was not until the present century was far advanced that coffee consumption was considerable in the United States. A dozen years' growth of the amount annually consumed here is astonishing:
1867, coffee consumed....159,644,937 lbs.
1879, coffee consumed....281,490,660 lbs.
The growth of the demand for coffee has stimulated over-production, great coffee groves having been planted and brought to the bearing stage during the last five years. Although the United States consumes more coffee than any nation, Great Britain, Germany and France require an immense quantity, and the cup required to hold the world's drink of the stimulant must be equal to the basin of a small ocean. The cost of filling it promises to be less than in former years.
What sub-type of article is it?
Curiosity
Historical Event
What themes does it cover?
Fortune Reversal
Misfortune
What keywords are associated?
Coffee Market Collapse
Consumption Growth
Importation History
Over Production
Global Demand
Where did it happen?
United States, England
Story Details
Location
United States, England
Event Date
1651, 1867 1879
Story Details
Collapse of US coffee market due to firm failures draws attention to import scale; history from 1651 England introduction to rapid US consumption growth from 1867 to 1879, causing over-production; global demand vast, future costs lower.