OCR Text |
Show Coffee Futures. . NEW YORK, Jan. 25. The market for coffee futures showed renewed strength and activity at the opening today, but the advance into new high ground for the season met considerable realizing and was not fully maintained. First prices were 2 to 9 points higher -with May selling sell-ing up to 9.04c and December to 9.66c during the early session, or about 7 to 10 points above last night's closing figures. fig-ures. Reports that the necessity for securing se-curing nitrates from Chile and other commodities might restrict imports of coffee were circulating on the early advance, ad-vance, which also reflected the increasing hope of peace. There appeared to be no change in the general character of the news, but the clearances reported from Brazil may have promoted the tendency to take profit, tinder which May eased off to S.95c and December to 9.51c during the afternoon. The close was up from the lowest on a final spurt of buying with last prices net unchanged to 4 points higher. January, 8.50c; .March, 8.76c; May, 9.01c; July. 9.22c: September, 9.41c; October, 9.47c; December, 9.58c. Spot coffee, firm; Rio 7s, 9c; Santos 4s, 11c. No fresh offerings were reported report-ed in the cost and freight market. The official cables showed no change in the Brazilian markets. Victoria reported re-ported a clearance ot 30,000 bags and Santos of 54.000 bags for New York. Brazilian Bra-zilian port receipts, 67,000 bags. |