Coffee market review

Abstract

Hopes of the end of the year that there would be an advance in coffee prices seem, as yet, unrealized. There is more or less trade talk of greater warehoused stocks in the country than were anticipated at that time. The drop in coffee prices compared with a year ago, February 28, 1934, closed with Santos No. 4 futures quoted at 10.50 to 11.33. On the same date this year the figures were 8.63 to 8.70. Like comparison for Rio No. 7 shows prices of 8.37 to 8.66 and 5.23 to 5.77, respectively, while Santos No. 4 spot dropped from 115/8-117/8 to 91/2-93/4.