The Birmingham age-herald., 1916-02-19

at the disposal of the coffee trade served to check a renewal of the bull movement in the market for coffee futures here to-day, and caused a sharp break in prices. The market opened at an advance of 4 to points in response to firmer of fciai cables from Brazil, and prices sold to 12 pjoints net higher during the early trading, with May selling at 906e and December at 9 Bic. the latter month establishing a new high record for the movement. After yesterdays rather sharp reaction under realizing the early market seemed more sensitive to buying orders and there was a demand here from houses with European connections, as well as covering of shorts and scatter ing bull support on the advance. Selling became very active and general, how ever, after the publication here of Wash ington advices indicating that steamships of a lined owned by the Brazilian govern ment were to carry coffee to this country in order to offset the withdrawal of Brit ish steamers from the coffee trade, and May contracts sold off to 7S0c, while De- cember broke to 8. 10c in the late trad ing. Trade interests were good buyers on the decline, and closing prices were a point or two up from the lowest, at net loss of 1T to r points for the day. Sales, 120,500 February, 7.66c; March, 7.1c; April 7.76c; May. 7.82c; June, 7S6c; July, f.SlC. AuSu .J4C, O6pttluD6tS fsJJty w tober 8 .04c November. sore; December, S.12c; January, S.16c.
 Spot nominal; Rio IS. 9l4c: Santos As, 10iac. The cost and freight market was extremely unsettled, and no quotations seemed available for Santos grades. There were reports of Rio IS offered at g .15c, London credits. The official cables reported advances of 5Or to .125r in the Brazilian markets and of 1-16d in Rio ex- change on London. Brazilian port re- ceipts, 26,OO0; Jundiahy, 15,OOo.
 Sugar Market
 New York, February 1S.=-A sale of 20,0OO bags of raw sugar on the spot which represented the balance of cargo unsold, gave a slightly easier appear ance to the spot market, as prices were -32c below previous quotations, the sale being made at 5.05c for centri- fugal, 96 test, duty paid. No further offers were apparent at this price and no other sales to refiners, although Mhere was a pretty well established ru- nor that about 100000 bags of Cubas had been sold to ref1ners within the past day or two at 41so for April and May shipment. Closing prices on the spot were 5.05@ 5.0Sc for centrifugal, |96 test; 4.2S@4.S1c for molasses S9 test, and 4 1-S2@4 1-16c for Cubas. cost and freight.
 The market for refined sugars was firm and higher with commercial grades up 15 points to basis of 6.25c for fine granulated. Some of the fancieT grades of sugar were advanced as much Rs 65 to 75 points, but this was said to be due to the fact that refners have gotten behind in their orders during the recent labor disturbances and they are consequently not disposed to take further business. The advance checked the demand to some extent and trad ing on the whole was quiet with only tolerate withdrawals on old contracts.
 The market for sugar futures was higher early in sympathy with the ad- vance in refined but eased off in the late trading under scattered realizing prompted by the slight reaction in raws. closing points higher to points lower. March sold from 4.15 @410c, clos ing at 4.O9c; May, 4.24@4 4.2Oc, closing at 41Sc; July, 4.33@4.27c. closing at 4.27c; September, 4.43@4 40c, closing at 4.37c.