Coffee; From Plantation to Cup. a Brief History of Coffee Production And Consumption. With An Appendix Containing Letters Written During a Trip to the Coffee Plantations of the East And Through the Coffee Consuming Countries of Europe

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THE COFFEE TEADE. 195 Considering the large supplies, prices ruled liigh in January, 1880, fair to prime Kio selling at 15^ @ 17 cents ; Maracaibo, 13^ @ 17 cents ; Padang Java, 22 @ 24 cents.
The deliveries in the early part of the year were large, but during the spring and summer months they were comparatively light. During the summer there was an attempt made by heavy holders of East India coffee to control the supply of Brazil on the spot, and to arrive, and their free purchases carried the
... price of fair E.io, which, under the influence of a dull spring trade, had dropped to 14J cents, up to 16J cents, and loaded them with a heavy stock. Large receipts in E.io de Janeiro, however, and the general statistical position, made buyers timid ; the combina- tion being unable to sustain the market, prices declined rapidly, and they soon found themselves owners of an immense stock of Java and Brazil coffee that showed a loss of from three to five cents per pound. The enormous shrinkage caused the failure of the two largest coffee firms in America, and the sudden death of a leading member of the combination threw affairs into confu- sion, and thus led to the breaking up of the three largest coffee houses in the United States.

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