Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-12-02
Review of the Grocery Trade.

| From the New York Bulletin, Nov. %.
| During the week past-ending this
morning, Goth inst.-there has been a
noticeable change in the market for the
two main items-coffee and sugar-the
former showing an improvement and the
latter reaction from the late sudden adj
vance In the markets for rice, molasses
and tea there has been no very decided
points developed. The trade has been for
| the most part in a small way, with prices
generally steady, with the exception of new
Louisiana mOlasses, which has favored the
| buyer in price. Spices have also been dull,
while cocoa has been more active.
Rio coffee has shown an advance of &c
| per pound, a better demand enabling hold
ers to obtain higher prices. A noticeable
| feature of the market lately has been this:
| that while the stock has been constantly
| augmented, until it has reached a quantity
unusual even at this time of the year, hol-
| ders have refused to part with the product
at the selling figures, which, until within a
few days, have been 19a225 cents as the ex-
IRENE range. Holders have believed in the
position, notwithstanding all the natural
| drawbacks. The receipts, since the Goth
inst, have been 9,4S5 bags, which, when
duuGu W tIt SlOIh IlldJ NtlCs NOlllOl IidN ~
made 116,036 bags, but the sales have been
1884 bags, as follows: $500 per
'.Litchfeld," 467 per 'sBride," 4,002
per ''Slavianka b." 1,0O0per ''Pendergast,"
SO per ''Ontario," and $500 bags by
other vessels, leaving a stock %, 1SS bags.
The extreme range at the close Of Wednes-
day was 1996233c, as to quality. The la
test telegram from Rio Janeiro reported a
stock there of 100000 bags, showing an in
crease of 5000 bags; price, 1000 A ia
forable point to holders here, however, is
the smallness of the quantity loading for
this market, which, by Wednesdays state
ment, was only 2,215 bags. There have
been few new influences bearing on the
market; the position, as it favored holders,
was defined in our last review, and the
only new thing has been the partial devel-
Opment resulting from a more active trade.
Mild cOffees have been decidedly firmer,
with good demand and reduced stocks
The stock of Java has dwindled into al
most nothing, and that of Maracaibo has al
so become much reduced. The stock of
both these descriptions is significant; there
were only $50 bags Java here on Wednes-
day, and of Marcaibo only 405 bags after
the sale of 3,267 bags per 'Louisa D" at
pa C. Java is now nearly nominal, as a
matter of course, while 27630c are the fig
ureS quoted. Maracaibo 2456255c. The
demand has been mainly for the better
grades, and was confined to Java until that
description became almost out of market
then the trade in Marcaibo became most ac-
tive. The business has been confined al
most exclusively to Java and Maracaibo,
but on Wednesday there was
a better business in Mexican,
so bales selling, we learn,
225c. The whole stock on Wednesday, at
the close, was only 1000 bags, with none in
mats. The position is, of course, decidedly
in holders favor, and if the adverse crop
accounts from Java prove to be well found
ed it will be only a matter of conjecture
where the price Of that description will
stop. We have no Java in mats, scarcely
any in bags, no Singapore, no Ceylon,
hardly any MaracaibO, little or no Laguay-
IA, 1,26S bags Savanilla, 1859 bags Costa
Rica, moderate quantity of Mexican and
a trifing stock of Porto Rico. This sums
the whole matter up, and it certainly looks
as though holders were now better able to
lay down the law in regard to prices.
Sugar, after advancing to re for prime
refining, receded to re for that quality.
The prospect of peaceful solution of the
Spanish butchery question has had de-
pressing effect on prices, and though hold
ers have made a concession in order to
stimulate trade, the decline has only devel-
Oped a moderate degree of activity. Re-
finers have had weak market for their
product, hard grades declining to 10Ic.
This fact and the influences aside from the
magnitude of the stock have been too much
for the market for raw sugar during the
week At the close of Wednesday the
nominal quotations for fair to good refin-
ing were 74a73c. The stock was 62,S05
hhds. 3S,297 boxes, $780, 56 bags, and 6,049
melado.