The Archive · 1924

DRASTIC DECLINE IN COPFEE FUTURES

The price of future coffee on the Coffee Exchange here broke two cents. to-day, this being the Timit allowed for Muctuations in any one day and the most drastic movement recorded for five years.

Heavy selling in New York and by European houses was influenced weakness which continued in spit voted efforts which is equivalent to a crop of 12,675,000 bales. "This showed an Improvement on the, last report of 1.2 in condition or, 176,000 bales, and there was in consequence a slight easing in cotton prices. That} this reduction was not more considerable was due to the fact that a favourable report had been anticipated, and buyers did not hold off, but took advantage of any' slight concession in price. Monday, however, an upward movement began, and' prices have risen again to the level which ruled about the middle of the month. The chief the ded Ser

Text read from the printed page and cleaned; old type leaves the occasional error.

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