Salt Lake Tribune | 1918-03-06 | Page 12 | Coffee Futures

Coffee Futures. NEW YORK, March 5. The market for coflee futures continued quiet, hut made a generally steadv showing today owing to rumors ot still higher ocean freich't rates and difficulties In securing tonnage. ton-nage. The opening was unchanged to 1 point lower, but. after selling at S 55c early, September rallied to ,6iV. while December worked up from 8.66c to 8.71c. with the close sbowlmr a net advance of 5 to 7 point.s. Reports that two sailing vessels bad been diverted from tho coffee trade to coastwise service nnd" that a rate of $4 per bag was nsked for a small lot of room served to offset easier Brazilian cables. March. S.SOc: May. s 45c-July, 45c-July, 8.63c; September, S.62c: CVtob'er! , 8.6-'c: December, 8.72c. ' Spot coffee, quiet: liio 7s. SHc; Santos 4s. 10'Sn'. No fresh offers were ' reported re-ported In the cost and freight market troin Sautes, but there was said to be an offer of Rio 7s at 9.05c on a first-class steamer. , The maximum ocean freight rate on charters fixed bv the shipping board is reported unchanged at $1.70 per bag. The official cables showed an advance of 160 rels a I Rio. but a decline of 100 re Is at Santos and of 60 to 75 reis In Santos futures, with later cables reporting report-ing a furl her decline of 50 to 100 reis luazillan ports receipts, 42.000 bag.s