i6o 
drew all the lots at firm prices. Washed rough Cochin sold at 
51.?. per cwt. for good quality, and a few cases of very bold- 
cut sold at IOOj-. per cwt. but the remainder was bought in, 
medium and small-cut at 75^ and bold rough Calicut at $$s. 
per cwt. Sales of Japan to arrive have been made up to 36.9. 
6 d per cwt. c. i. f. terms. Zanzibar Cloves declined last week 
to i\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 \d. per lb. Pimento firm, 
greyish sold at 3^/., ordinary stalky at 3f d. and good dean at 
3 \d. per lb. Mace quiet, small dark was bought in at is. 4 d., 
small red at is. 8d. and middling at is. nd. per lb. 
Turmeric. — Business has been done in Cochin split bulbs at 125. 
3d. per cwt. spot. For Bengal ginger 17 s. bd. spot is wanted, 
and for arrival there are sellers at 14^. 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|^. and 25 tons ' October-December at 6d. On 
the spot small sales of fair Singapore have been made at 6 d. 
At public sale on Wednesday, 324 bags Singapore retired 
at 6d. to 6\d ., 200 bags Penang at $\d. to 5 Id., and 125 bags 
Aleppy at 6$d., also* 259 bags shells at 3d. per lb. ^ 
White is firm, but only small sales reported. Sales of fair 
to good Singapore on spot at g^d. to 9 §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 8|// 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: — 
Europe. 
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 
1901 - 
- 242,200 
107,882 
350,082 
/ 
