Coffee

So large a proportion of the world's supply of coffee is raised in the Brazilian states of San Paulo and Santos that the recent revolution in that section has had an important effect on the world coffee market. Spot coffee in New York rose in July to 17.15 cents--its highest price since 1921. America has gone ahead drinking coffee as usual, but about 800,000 bags of coffee which normally would by this time have reached Santos ready for shipment here are still held in the Brazilian interior by the revolt. The present visible supply of Brazilian coffee in the United States is only 887,102 bags--about six weeks' supply. In all, about 22 million bags of coffee are consumed by the world at the present time; 10,700,000 bags go to the U. S. A. alone, 10,300,000 to European countries, and about 1,000,000 elsewhere. Coffee dealers question whether, apart from the Brazilian revolution, production is keeping up with consumption. The forthcoming Brazilian crop is estimated at 9,500,000 bags, about 6,000,000 bags will be produced elsewhere, and there is a world's visible supply of some 5,000,000 bags--making 20,000,000 bags altogether. This situation is responsible, according to the coffee trade, for the fact that, although the Brazilian revolution has apparently been completely put down, the price of coffee has not fallen back to where it started from before the revolution occurred.