Salt Lake Tribune | 1916-01-15 | Page 10 | Coffee Futures

Coffee Futures. NEW YORK, Jan. 14. There was further fur-ther scatterinc liquidation and apparency appar-ency tome trade selling at 1 he opening ot the market for coffee futures here this morning, but prices rallied later in the day on covering and European buying. buy-ing. Reports that freight rates from Brazil to Scandinavian countries would be advanced tomorrow probably helped to steady the market, while theie. were also rumors that steamers were being attracted at-tracted from South American ports to the guif by the high rates being paid on shipments of cotton to Europe. The market mar-ket opened at a decline of five to six points, but fully recovered the loss, with May selling up from 7.0So to 7. Hie and July from 7.20c 10 7.27c. The market closed net unchanged to two points higher. Sales, 17,750 bags. January, 6.91c; February, 6.99c; Mare,, 7.06c; April, 7.11c; May, 7.15c; June, 7.20c; .lulv. 7.2.V-; August. 7,:(0c; Septemher. 7.35c; October, 7.40c; November, 7. 45c; JJecemher. 7.5ic. Spot, steady; Rio No. 7, 7e; Santos -Is, 9Hc. Cost and freight situation was reported re-ported unsettled, with Santos 4s quoted at about JUno to 9.20c. English credits. Tlie official cables reported declines of to 100 reis in the Brazilian markets, with Rio exchange on Ixmdon ysd lower.