i6o 



drew all the lots at firm prices. Washed rough Cochin sold at 

 51s. per cwt. for good quality, and a few cases of very bold- 

 cut sold at 100s. per cwt. but the remainder was bought in, 

 medium and small-cut at 755. and bold rough Calicut at 58^. 

 per cwt. Sales of Japan to arrive have been made up to 365. 

 6d. per cwt. c. i. f . terms. Zanzibar Cloves declined last week 

 to $^d. per lb. for January-March delivery, but have since 

 recovered considerably, 4^d. being paid on Wednesday. Or- 

 dinary Penang were bought in at 8^. per lb. Pimento firm, 

 greyish sold at 3\d., ordinary stalky at $%d. and good clean at 

 $\d. per lb. Mace quiet, small dark was bought in at is. 4^/., 

 small red at is. Sd. and middling at is. 1 id. per lb. 

 Turmeric. — Business has been done in Cochin split bulbs at 12s. 

 $d. per cwt. spot. For Bengal ginger ijs. 6d. spot is wanted, 

 and for arrival there are sellers at 14s. 6d. c. i. f. 

 Black Pepper. — The market is dull and value is easier. For 

 arrival 50 tons Singapore January-March shipment (S.) have 

 been sold at 6^d. and 25 tons October-December at 6d. On 

 the spot small sales of fair Singapore have been made at 6d. 



At public sale on Wednesday, 324 bags Singapore retired 

 at 6d. to 6^d., 200 bags Penang at $%d. to 5^., and 125 bags 

 Aleppy at 6^d., also 259 bags shells at 3^. per lb. 



White is firm, but only small sales reported. Sales of fair 

 to good Singapore on spot at g\d. to g%d. and Penang at 8%d. 

 For arrival nothing reported. 



At auction on the 6th instant of 247 bags Singapore 60 bags 

 sold at g\d. for good. 94 bags Penang retired at S^d per lb. 



Coffee. 



We would call our readers' special attention to our market 

 report on Coffee. It is not merely exceptionally interesting; it is 

 indeed of a somewhat startling character, and brings the news to 

 the very hour at which the last mail left London. The market was 

 quiet and dull until the day before the mail left, when Messrs. 

 Johnston & Co. cabled an estimate of the new Brazil crop 2,500,000 

 bags Rio, 4,500,000 bags Santos, and thus set things moving up- 

 wards. There appears to be little room for doubt that the next 

 Brazilian crop will be a small one, but the present statistical 

 position of coffee is weak that this small crop can do little more 

 than save the situation. Of course, prices will probably rise, they 

 are likely to rise much more than the actual shortage of crop war- 

 rants, for speculators are keen upon seizing the opportunity for a 

 "bull" movement. Still, unless there be a succession of short 

 crops, the reaction must come. Here are a few figures. Stocks 

 on 1st November: — 





Furope. 



United States. 



Totals. 





Tons. 



Tons. 



Tons. 



1897 - 



- 150,060 



44, 1 1 7 



194,767 



1898 - 



- 209,450 



61,529 



270,979 



1899 - 



- 230,350 



70,058 



300,408 



1900 - 



" 224,550 



53.352 



277,902 



1 90 1 - 



- 242,200 



107,882 



350,082 



