OCR Text |
Show Coffeo Futures. NKW YORK, Dec. 1S. A less favora-blo favora-blo view of pen-e prospects led to further fur-ther liquidation by "Wall street und coffee irado interests in the market for coffee futures hero today, and prices broke pretty sharply in 1 ho late trading. Mod-rrule Mod-rrule buying by tr;ido and Kuropean interests in-terests sustained the early market, and. dfter opening unchanged, to three points lower, prices showed little movement until well alitiic in 'ho afiornooD. Offer-In Offer-In crs then increased, with Alarch selling off to K.-l'ic and- July to S.70c, or about 1 thirty points below the high level of last I Friday. Closing prices were at the lowest low-est point of the day, .showing a net loss I of eleven to fourteen points. The cus- torn of reporting sales officially has been ' discontinued, but today's business was estimated at about 75,000 bags. December, Decem-ber, 8. 1 7c; January', 8.28c ; February, S.o5c; March, 8.43c; April, S.oOc; May, 8.56c; June, S.83c; July, S.69c; August, 8.73c; September, 8.77c; October, 8.82c; November, R.87c. Spot, quiet; Rio 7s. 9c; Santos 4s, 10c Cost and freight offers were reported re-ported here from Brazil at 10.30c to 10.50c regular terms, but most of the offers received were f. o. b. primary points. The official cables reported an advance of 75 rels at Rio, while Santos spots were unchanged and, futures 125 to 150 rels lower. |