Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-12-17
REVIEW OF THE COFFEE TRADE.

From the New York Bulletin, Dec. 10.
Rio Coffee has shown an advance of 1Ic
| per pound making a total advance within
two weeks of 2 &c per pound, and the ex-
| IRENE at the close last evening was 21i IA
&c, gold. Business at the latter advance
has been less active, but still a very fair
| trade has been done, sales for the week
| ending last evening being 20,32S bags.
The stock has been reduced to $685. bags,
against ~, 225 bags December 4, and 107,:
267 bags Nov. rs, showing a reduction
since the last named date of GD,322 bags, a
very liberal movement for the time. A
good part of this has been purchased on
speculation, based on anticipation of the
| advance. The Rio Janeiro telegram re-
ceived yesterday 9th inst.,) was .eonsid-
cred favorable, and had its effect in strength
ening the market, without causing any adj
vance. The dispatch was dated November
p, and was as follows: 'Sales coffee for
the United States since 18th inst, 5000
bags; shipments coffee to United States
Atlantic ports, $4,000; shipments coffee
to Gulf ports, 11,000; loading coffee,
10000; stock coffee at date, 100000; aver
age daily receipts, 1900; price, 11SS00."
Mild cofiees have ruled firm and have
met with good demand. Java has adj
vanced to 29a31ac, as to quality; Maracaibo
to 24aa26c; Costa Rica to 2,ja25c, and Saw
anilla to24 aa25dc. The advices from Ba-
tavia report a strong market for Java. From
Colombo we hear that there is a very firm
market for CeylOn. The latest CeylOn
crop estimates we have at hand is that the
| yield will be about 100000 cwts, or 200,-
| 900 cwts less than last year;
| prices have advanced there, with a steady
| demand, and favorable market has had
| its influence; so that it will be seen that
| the latest advices from principal markets
| in countries producing Java and Ceylon
| are of nature favorable to holders, though
| the stock of those descriptions in this mar
ket is all in second hands. Yesterday the
| stock here consisted or only 1882 bags, in
| Guiding 3,465 bags Maracabo and 76S bags
| Costa Rica, As matter of course, in such
a state of affairs holders have the advantage.
| While however, there are only 3,464 bags
| MaracaibO in first hands, we understand
that there is a large stock held on specul a
| ton in second hands.
| From the New York American Grocer, Dec. IS
The adviceS from Rio for the past three
weeks show more liberal purchases for the
United States, aTd.a consequent falling of
of the stocks there from the high figure at
tached early in November. The daily re-
ceipts had also fallen off from over COCO
bags a day to 1900, andthis has again star
ted the rumCrs of a short Rio crop, import
ers insisting that, although the shipments
from Rio since the opening the present sea-
| son have been nearly up to the usual aver
age, yet the last half of the season will show
a large falling off, and even if the duty on
| Coffee should not be again levied, as it is
thought it will, prices viii reach, before
spring, very high figure. Java advices,
| from the various districts, report that but a
small yield is in prospect. The stock of
Java in first hands here, is
totally exhausted. and none due until
February, and this is already sold to arrive.
Recent dispatches from Ceylon report the
crop unusually backward, incessant rains
preventing the planters from drying their
coffee and sending it down to port. The
1ST3-'T4 crop is valued at $4,000 tons,
against 1910 tons in 1SI2-'II3, and 81, 036
in 1ST1-72. The receipts of Maracaibo
coffee have fallen Off One-half this year,
partly owingt to the first of the crop going to
Europe early in the year, when prices there
were much higher than here, and also to the
loss of seven cargOes this year. The sup
ply must necessarily be small until the new
crop is shipped. The following shows the
movement of coffee from first hands of the