OCR Text |
Show Coffee Futures. NEW YORK, Aup. 27. Cable advices from P,razil reporl inp that tlie covenmn-nt of Cao-paulo Cao-paulo would only market its coffee slowly and had named 20 milreis as a minimum pelllnp price were followed by a sharp advance In tlie futures market here today. This price was fipured as equivalent to a1'tit .'iOc ir pound for well-deHcribed Santos 4s in tlie cost and . freicht market. London credits, under prevail- ' inp conditions, aud tlie buy in p here was also promoted by an early advance In Santos f u-tues. u-tues. The local market opened 10 tn 20 pulnls hi-h'-r and sold 32 to 40 points above hist niphr's eltisinu figures with I"cember tou-diinp 10.20c duiinp the middle of the day. Later cables reporl ed reacrions in Santos and prices here eased ot f panly under realizing, witli T"ee,-mber elesinp at 10.05c and with the peiiernl list showing a net advance of 10 to ;o i,.ints. Seplfinber. 10.50c; October, 10.35c; Di'CemlM'r, ll.05c ; January. lO.uuc ; March, lil.Ooc; May, IN. tide; July, lS.85c. Sjiol cnfr-e. quiet but firmer, with Hlo 7s quoted at 20'ic and Santos 4a nt 20(ii 21) c. |