Waterbury evening Democrat., 1895-04-05
HAS CORNERED COFFEE
Gigantic Deal of Ex-President
 Blanco of Venezuela.
l1s SCHEME MAY FAIL AFTER ALL.
He Holds Si.oco. 900 In Coffee In IIavro and Is Carrying Futures to an Untold Amount Lonns From the Bank of France The Market pcmoralized.

and Is Carrying Futures to Untold
 Amount Lonns From the Bank of
 Franco The Market ncmoralized.
 NEW YORK, April 5.-A few day, ago a story was printed here of how the ,rokcrs on the Coffee Exchange were playing pol icy and how they had been taken into camp on the famous gig. i-ll-4i Bro kcrS resort to thCSV diversions only in dull times. Yesterday it was asccrtaincd that the cause of tho listlessnCss is Guzman Blanco, cx-prCsidcnt of the republic of Venezuela.
 Ho is for the timo being the king Of the coffee market. flo Is 15 years old and worth $lO GOO, O0u. Blanco lives in Paris, and. according to Henry lIrntA, cx-prcsi- dent of the Cotfrr Exchange, and others of equally high authority, Blancn has bought and actually holds i'll liavrc goo. GOO bags of coffCc worth about $i, GOO, 600. Further moro it iS asserted that BIanCo is carry ing limo of futurcs the size of which no ono knows hut himself.
 BlnnCo k carrying tho coffee on ad- vanccS made chiefly hy tho Bank of Franco, whit h VXattS n margin of %0 per cent on the market value of the product. BlancO has been buying coffee for months past and has at the lrCSCnl time considerable
 
 he may have difficulty in getting out clear. At ono timo BIanrn it iS assorted, was benefited by tho reports uf reduced crops from Rio and Santos. and cholera at Rio de JanCiru rCtiu"rd receipts at that point so that for Sume time tbV statistical situa- 1 tion favored thC new king of the coffee | market. How BlLnCo will emerge from his l colossal transaction will GCpCnd largely on the crop outcome. Certainly, however. he is making mighty poor times for thV aver ago broker on the New York Coffee Ex- | change
 Spectators Frightened. | On Monday of this week the total husi- ness at tho exchange amounted tu just | ono lot uf 25u bags, and this solitary trans action was hkcnrd by the wai,~ tu ''a hue klobrrry in a howl of milk. " Tho average sales in active times arc 6n. uHo bags day. 1 The trouble is that operators arc afraid to trade on either side uf the market, and | how the majority uf the brokers at the 1 Coffee Exchange make living k d m, tCrv to not Il few. Tho coffee gamblers are afraid to go "ion-' of the market fur fear that the Paris clique will make a ! dumping ground If New York if 2-;ds-runs enough can lo found. Th,. are also afraid of the bull s:dc ''rrau>c the price k cuIi sidored ahnumHllN high.
 ' whole conInlrr, ial world has tr, n in the depths nt depression. coffee prices havr l been kvpt at an unnatural attitude largely If not wholly br Paris domination. Thr supplies ot Brazilian And other kinds ul cotfcV for the trop year ending ,lui have been estimated at as high Hs l ;.', u. uN l bags. Whrl"ar th" nnu'Ihl vuM~ufni' tinI. in 1 the world k Nrt lu! .orrd tn r\r3 .u !' ntO, oo0 Ha-~, il indeed it r, ,a'i.sS Sti Ct, 1, .",',
 This 2ui 'lr,";~:n hn'. made th, shrrwdr>t ciH'i., r"< ""'A = '.: ar.! Ia>, deprived vie r.H.h ,lirt'r q: d r.lt:@ ci here thuu@h It r,,.r:ili. 2,,it u\rr ht.tV. bags frcm l!ntr,' Il i~ I,llrNrI thai .lu> 1 attempt Gn |! " part f the I".ur |" huu! date it's h"ldluE~ here would lrlth rr"> wide "pVu.
 Thr E.'ar> Are Shy.
 But If t!r hul side stands for ella | tho bear li''s' lnAhr~ Il NV.. -,,,At Char. z dis. for tI:. urA .,! ul u!r .at,t~ - , fiSh: shy f '-!a VI rrA",.,, -!n.'e r,r s,ni "f h ing Sue ''l It l. nl,f.',, m ri ,.r. \" narI"N t,ht II r:n ir.l,,7,I 'u. ol,tu!Il Cd H&a,n>! ,h ,;t>. N,h" in tlr ..t hAN, found that thr l., ,d tn Iun fruin tG, clique, and nr..turv, tho>, who inrlin: to the bear ssdr hold aluot m spite ut th, increasing rV, ripts uf coffee at Ri0 Jane r, and santos an increase in thH " r!!N : stock 0t Bfa/l'lan "urlHE March Nt =. .unt bags, lower ' Irm us;vr>' from Bra il. [ sharp decrease in the wa"rhu:g>c deliveries at New York, tsaltiIuurr aud Nrw Orfa ans. and n growing belief thAt the sUp'll of mild c"firc this S,a~nn and al>u in tn, one al pruar&lu& will be yer, l:nrrtl.
 EX-lrc>iucnr llrntE sn;d >c>trrdAY "The market k entirely under the intlu enco of the Elanru deal This iS th, largest deal in ,utr,o r>r rr made w1h on. exception. \ ho.I rhrrr wears a..n G kaltcnhnch ,t I'a5iS Tough. and ,;.r.'ir, in spot anal futures upward of l,"D'. '.Uu, bags. This Vas a Eujdru too hrav> fo him. The corner cnlini,>rd and. Kaltcn bach failed. The cntru mrn Would givt thoir last trace Gull.:r t,> lc in Ut the over | throw of Blanr,,