Show COFFEE PRICES TO BE ADVANCED Brazilian Government Will Take Control of Exportation of Brown Berries NEGOTIATING J BIG LOAN WILL HAVE CORNER ON WORLDS SUP L Y Local coffee cottee Importers fear tear that there will be a general genera advance e In all grades of or coffee corree within the next few days with the possible exception of those grades that sell for more than 30 cents the pound pound retail In fact advances adV lles have been made already In the whole wholesale sale price that make the retailers sell the goods at nt a n much smaller profit than they were able to make maIte a few weeks ago The fact that Brazil from 70 40 to 75 per cent of the worlds coffee cri e supply and that Brazil is about to take over all the coffee that thatis is exported and make maIm a profit on the commodity by raising the price is to effect every consumer of the cheering nut brown breakfast bev hey ra l je It has been claimed for several years by the Brazilian coffee growers rowers that their plantations were not making money The result was that hard hardtimes h hardtimes nd times have been felt in Brazil and there Is a general stringency y in the money market Government Takes Hand To relieve this stringency Hie Bra Brn Brazilian Brazilian government has drafted abill a b bill ll called the valorization bill by b which the government is to negotiate a loan of for the purpose of taking tailing over all of the coffee produced in the Ule country countr and exporting It at a a profit proUt thus increasing the goA gu rev icy revenues 1 critics i By this step sLeD it Is claimed that the I will an tain tam market for tor their goods and that they the can make more mon y than they could do If they wore were to compete comp te against each other otherA A committee of European financiers is now in Brazil negotiating the representatives for the loan and It is understood that these the e negotiations neg ns are progressing rapidly and will vill soon son be he consummated and the monr mm y v turned over to the government Th govern government government ment merit will thus have a corner 01 on the market and can dictate terms to the consumers all aU over the world In view of the fact that Brazil ex ox exports x ports of the coffee need H ed edin In all the world the value of this cor corner corner ner ncr is obvious and the extremes which the government may take in the matter of forcing oring up the price of this commodity cannot be foreseen In consequence of this and in con consideration consideration of the fact that though this years crop has been heavier than lor tor several years the crops of the last three years have been unusually light advances have already been tile the local importers The market has been exceedingly unstable for the last three weeks but the general tendency has been toward a gradual increase in prices Advances Already Made The first advance upon receipt rec of this news from the South American republic lic was an advance of 1 11 cents per pound on green coffees or a trifle more than cents per pound for the roast roasted roasted roasted ed article The market then declined lk point and advanced 4 point It then de declined dined point making it about r point above the low mark The market during the first week in September was turbulent with fre Ire frequent quent advances and declines every everyday everyday everyday day but finally settled to a figure about 14 of a cent per pound above the spring quotation It is Impossible to do business with Brazil at this time writes one of the thel largest l importers In the country to a local patron for he makes mal es direct importations SIt It is certain that we must look for a basis of or values that will gradually carry the market up about 2 to 3 cents per Del pound above the low price Drice Brazilian stocks have almost absolute control of the situa situation situation tion and we can do nothing to break this control While advances have not been made in the local are dally daily One dealer has purchased two tons of Brazilian coffee at the prices s ruling before the market began to zig zigzag zigzag zigzag zag and Is protecting his customers with this stock until the market set settles settles ties If the advance Is ia permanent all dealers will be compelled to raise prices on popular coffees retailing at from Crom 20 to 30 cents the pound to 5 cents more than they are now going for Law Binds Planters The day da the tile Brazilian loan is negotiated negotiated o the bill will become a law and no planter will be e permitted to market his coffee except to the government Then the market is In the hands of the government and prices can be fixed to suit The Importance of or a faise of 3 cents pound on general grades of coffee in a America is best be t realized when it Is Ig staled stated that there are arc bags of ISO pounds each or a 3 total of pOunds of or coffee used in this coun country p With an advance of 3 try every year pound on this enormous cents a ce ad mount amount of oC coffee the aggregate to the U e American people is 62 4 i Th fact that Mexico texico has begun the extensive cultivation of coffee and that the Mexican product which is tR o 11 coffee cortee is beginning to find but favor in this country will have results as little effect on the general the amount of the brown berries im imported imported ported into the country from the south southern southern ern em republic re is infinitesimal Infinite mal as com corn compared pared with the tho th enormous s value re received received received from Brazil |