OCR Text |
Show Coffee Futures. NEW YORK. July 37. There was a eharp decline in the market for coffee futures during lodn y 's earlier trading on lower cables from Brttr.il aud the continued decline in strHru exchange, which would cliea pen the cost to Importers buying on Imdou credits. The opening open-ing was 13 to 18 p-iims lower and active months sold 50 to 78 points under last nibt's closing figures during the middle of the day, when some nt lent ion was a tt moled hy French mail advices that the Brazilian government would be Belling in the Sautes market after September. It was stated that this coffee would be sMd only as required at the maximum market price of the day, however, and prices here rallied later on a rally in tho Santos-futures Santos-futures market and talk of a steadier tone In the exchnnce. December syld off to 20.95c nnd closed at 21 .23c, wiili the general list closing nt a net decline of 45 to 55 points. Closing bids: July, 21S(--; September, 21.70c; October. Octo-ber. 21. 55c: December. 2 1. 23c; January, 21.20c; March, 21.10c; May, 21.05c. Spot coffee, dull, nominally unchanged ; lUo 79. 23c; Santos 4s, 24 e. |