OCR Text |
Show J Coffee Futures." NFW YORK. Dec. IS. The aunonneement tnat five steamera bad been .assigned by -the shipping liourd to the South American trade, was commented com-mented on in coffee trade circles here us likely to facilitate imports and led to reiterated predictions pre-dictions of an active business in cost and freight when futures arc reopened nud it ia possible to hedge purchases in Brazil. As lower cost luts of coffoeare sold out of the local stock, quotations quota-tions are Bhowiug somewhat less irregularity and Rio 7s Mere quoted today at 1714c nominal. It was said, however, that there were no large lots available and the situation is expected to remain more or less unsettled until coffee begins be-gins to arrive more freely from Brazil. The official of-ficial cables showed an advance of 25 rels in tho Ilio market. Santos spots were 100 reis lower and futures bowed a decliue of 25 to 75 reis. |