OCR Text |
Show Coffee Futures. NEW YORK, March 23. There was a renewal of liquidation and trade selling in the market for coffee futures here today. to-day. Offerings were not quite so heavy after the decline of yesterday and for a time right after the opening, at a decline de-cline of 2 to 4 points, the market held fairly steady. The demand was soon supplied, sup-plied, however, and prices eased off, with Mav selling at 7.70c and September at 7.95c in the afternoon, under orders which seemed to come partly from recent Wall street buyers. The increased Brazilian Bra-zilian crop estimates were considered largely responsible for liquidation and there were rumors of trade selling against cost and freight offers, although the cables from Brazil were delayed. Last prices were at the low point of the day, showing a net loss of 16 to 18 points. Sales were estimated at 35.500 bags. March. 7.9e; April. 7.62c; May, 7.C5c; June, 7.73c; .Inly, 7.80c : August. 7.RSc. September, 7.95c; October, 8.00c; November, Novem-ber, 8 05c; December, 8.11c; January, 8.17c; February, 8.23c. Spot, quiet; Rio No. 7, 95c; Santos No. 4, 10c. No change was reported in the cost and freight market. A cable received re-ceived from Havre said that September coffee there was selling at 88.25 francs, which is equal to about 14 c. Today's reports from Brazil said crop estimates now range from 17,750,000 to 20,000,000 bags, compared with earlier estimates of around 16.500,000. The official cables reported re-ported an advance of 75 reis in the Rio market. Santos futures were unchanged to 25 reis lower. Rio cleared 6000 bags j for New York. |