Salt Lake Tribune | 1917-11-23 | Page 12 | Coffee Futures

Coffee Futures. NEW YORK, Nov. 22. There was a further advance In the market for coffee cof-fee futures here today on continued covering, local and foreign buying which was accompanied by reports of a better Inquiry for coffee out of local stocks recently re-cently and rumors of sales for export. The opening was unchanged to 3 points hli-'her and the active months sold about 8 to 16 points above last night's closing j figures with March touching 7.25c and July 7.55c. Reports of highpr firm offers and talk of a possible advance in ocean freight rates from Brazil probably contributed con-tributed to the advance, but the close was a few points off from the best under realizing, re-alizing, showing net gains of 4 to 8 points. Closing bids: December, 6.860: Janimry, 6.95c; March, 7.14c: May, 7.30c; July, 7.46c; September, 7.64c. Spot coffee, steady: Rio 7s, 7c; Pantos Pan-tos 4s, OVic. It was" reported that Santos 3s had sold in the cost and freight market mar-ket late yesterday at 9.05c, London credits. cred-its. Offers today included 3s at 9.25c. although a sale oi" 3s and 4s was reported at 9.10c. London credits. The official cables showed no change In the primary maikets except Santos futures, fu-tures, which were 50 to 75 reis higher.