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Commercial
June 17, 1887
West Virginia Democrat
Charles Town, Jefferson County, West Virginia
What is this article about?
Coffee speculators inflated wholesale prices from 8 to 18 cents, but the market crashed on last Monday, with 412,000 bags sold at an average 30-cent-per-dollar loss, bankrupting several prominent firms in Baltimore and New York.
Clipping
OCR Quality
98%
Excellent
Full Text
The Coffee Speculation.
The gamblers in coffee advanced the wholesale price from 8 to 18 cents. On last Monday the market broke, and in a few hours 412,000 bags were sold at an average loss of about thirty cents on the dollar. Several well-known, and heretofore very rich firms in Baltimore and New York, were declared bankrupt.
The gamblers in coffee advanced the wholesale price from 8 to 18 cents. On last Monday the market broke, and in a few hours 412,000 bags were sold at an average loss of about thirty cents on the dollar. Several well-known, and heretofore very rich firms in Baltimore and New York, were declared bankrupt.
What sub-type of article is it?
Market Condition
Prices
Appointment
What keywords are associated?
Coffee Speculation
Price Advance
Market Break
Coffee Bags
Bankruptcies
Baltimore Firms
New York Firms
Where did it happen?
Baltimore And New York
Commercial Details
Location
Baltimore And New York
Event Date
Last Monday
Commodities
Coffee
Notable Details
Wholesale Price Advanced From 8 To 18 Cents
412,000 Bags Sold
Average Loss Of About Thirty Cents On The Dollar
Several Well Known Firms Declared Bankrupt