Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-12-24
THE COFFEE TRADE-PRESENTA AND
PROSPECTIVE

From the New York Bulletin, Dec. 20.
The excitement in the Rio coffee market
has continued during the week ending last
evening QSth inst.), and prices have shown
a further advance of &c per pound, 23tc,
gold, now being the lowest figure for COM
mon grade. This shows an advance of fully
four cents per pound within few weeks,
and now the conundrum is, Where is it 90
ing to stop? From present appearances, it
would seem that prices will rule high for
some time to come, although it is a matter
that may be decided soon, whether the pre-
sent figures can be sustained. The whole
country is short of stock in first hands.
Yesterday there was only 10000 bags Rio
here and 17,G4S bags at the outportS; the
stock Of Rio here named is largely in sec
ond hands, but is still on the market. In
this state Of affairs the surplus usually left
over after good crop has been pretty much
all used up to help supply tie deficiency,
and now the only remedy for short stocks
here is more liberal receipts from the grow
ing country. The last Rio dispatch report
ed firm market with receipts averaging
only 1000 bags per day. Brazil usually
Yields, say 100000 bags, Java 100000
bags, Ceylon 900, 900 bags, and other coun-
tries 100000 bags, or a total of G,500,0O0
bags. This represents a fair average crop,
and the consumption seems to be nearly or
quite up to this; and yet the yield has of
late years fallen considerably. In 1871 the
total yield was only about 100000 bags,
or say 100000 bags Brazil, 100000 bags
Java, 100000 bags Ceylon, and 100000
bags from other countries. In 1872 there
was better yield, being about 100000
bags i'll all; but this was followed, as is well
known, by a short crop this year, and the
result-extraordinary high prices. And
what is in the future? If the rule of crops
in our land is followed, it would be infer
red that the next yield wOuldbe large one
after rest to the trees, and it is the expecta-
ton that such will be the case. The high
prices may also serve to increase the culti-
walton, though it takes several years for the
trees to attain a yielding capacity Of any
account; but they are peculiar people
down in Brazil, and mere '.g0ld' may not
stir them up. The future Of the Rio coffee
market looks strong, and prices may be
driven up to point that will materially
restrict the consumption; but precisely
where that point is, it must be confessed, is
a problem that is more easily propounded
than solved, and when the era Of chicOry
and Canada peas, similar to that in exis-
tence during the war, will be reached, time
alone will decide. In the meantime we
leave the marketin holders favor.
Mild coffees have been very firm in price,
and have shown further marked advance
in prices. Java now being quoted 31a34c;
Maracaiba, 25a27c; Savanilla, 254a29aa;
Costa Rica, 25a26c; Laguayra, 25a25c; St.
Domingo, 20a21c; Porto Rico, 2j5a26c; all
good figures. The trade, during the week,
H. IN, h. ,f NH; ol.
there is a considerable stock in second
hands. There has been an arrival of Porto
Rico, per ''Claribel," and there has been
moderate business in this description at
2544a252c gold. Java is entirely out, of
first hands, and is necessarily confined to a
jobbing sale.
From the New York American Grocer, Dec 90
We quote: Brazil cargoes, gold, 60a90
days credit, as follows: Ordinary 23tta239c;
fair, 24Ta242c; good, 25aa25ac; prime, 2611a
lots, Ia5c higher. The movement for Bra
zils for the week is reported by MeSsrs.
Walt, Creighton & Morrison: Receipts, B.
600 bags; sales, 1903 bags; stock in first
hands in New York, 36,2S2 bags; Hhiladel-
phia, none: Baltimore, 5,515 bags; Hamp-
ton Roads. none; Richmond, none; Charles
ton, $500 bags; Savannah, 500 bags; Mo
bile, 2,4OO bags; New Orleans, 1,733 bags;
Galveston, 5000 bags; afloat for New York,
%, 700 bags; for other United States ports,
80, 100 bags; total stock and visible supplies
of Brazils in first hands, 112, 730 bags.
The prospect of the duty on coffee being
replaced furnished pretext for very heavy
speculative purchases, both here and at
other ports, so that the heavy stocks in first
hands of Dec. l, have been reduced to very
low figures; also the quantity afOat is small,
and for this reason the receipts during the
next thirty days are certain to be light.
Again, this is usually the season for an
| active demand. The demand from the in
terror has improved to some extent, but the
high prices now asked may induce more
caution on the part of interior dealers, and
cause them to again adopt a ''hand to
mouth policy of buying. Since the adj
! vance to the present range of prices, buyers
j have Withdrawn from the market to great
extent, and the sales from first hands this
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