OCR Text |
Show Coffee Futures. NEW TORK, Feb. 6. The announcement announce-ment of maximum prices for trading in coffee futures was followed by active liquidation in the market here today. The official statement was that trading was prohibited above the basis of S.50c for the current month and in later months at advances of more than 15 points from the price mentioned for each and every succeeding month. With the market below the maximum figures, the opening was 4 to 11 points higher, but prices very soon weakened, with late months leading the decline, as they had contained the bulk of the outstanding long interest. The impression appeared to he that the fixing of prices subject to modification from time to time by the food administrator would materially restrict re-strict ' business and practically eliminate speculation. May deliveries broke to 8.25c and September to 8.51c, and tho close was at the low point of the da v. showing a net loss of 2 to G2 points. March, 8.05C; May, S.22c: July, i." September. 8.52c; October, 8.65c; h cember, S.67c. The spot market was at a stand;-, with prices nominal. No Tresli o?!t were reported in the cost and Ire!: market, and trade generally seeme-i be waiting for a better line on tlie r. Ings of the food administrator and ft:-effect. ft:-effect. The official cables showed ' change in primary markets, except (fetes (fe-tes futures, which were 25 to SO r higher. Brazilian port receipts, 61: bags. |