New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-30
GRAIN AND PRODUCE MAR6ETS
FEATURES OF NETWORK DEALINGS.


The week at the Produce Exchange closed
on Saturday with no check in the downward tendency
OF wheat. reaction OF any moment has broken tho
of prices for several days past and considerable
quantities OF cereal held margin have been shaken
OF owners hands. The company Of bear traders s
swelling in number and the "knOck-down" argument OF
the day the market must go lower until some adj
vance in the export becomes apparent There
Is no fault found with this statmeu but in such an
1t would probably be found that some 81 the bS
Cash wheat was off G p cent xp0rters purchased
$4,000 bushels notable transaction was the buying
Chicago No. wheat Tie options declined l0lis
cents ana e9dea near 10 Ihe n 80 and isa
uaIy at 93 OF IN February at 9jos and May II OO75,
and q in March at 81 cents; Inc cash narhet 10;
shippers amounted to $4,000 bushels. Corn options
ls above the lowest quotations. November at 80 was
unchanged, December was OF y at 33s, January az
ket was lower with nothing done In the export
Cash lots la q cent lower For options tho
speculation was Irregular prices ended lidls cent
better Though at the lowest dgGres) follows NOvem-
ber 3l3 D. cembeT 81 January, 1919 ana February,
for December S6 As for January 50 50 for February,
50 SO for March and 70 70 for May.
The receipts or grain at New-York Philadephia Bal
mOre ana Boston on saturday were as Ioo%s NhsSat.
2Ol,657 bushels corn, q 80 bushels oats 949Ss
bushels; total grain, 5ll.l69 bushels; four 3o,7se
barrels. AT Chicago. Milwaukee and 81 Louis me ar.
rivals Wheat. 1868 bushels; corn 33li56
bushels oats, 1888 bushels; total gran, 600,JS3
bushels; -four 1880 barrels.
me PETROLECM M1RKEE
No argument is so potent to the minds Of
SPECTATORS a, the argument of IL makes little
din renee what article is under consideration what
the range OF values may be IL prices 80 no the buPs
logic Is esteemed prices fall the bears sound JUG.
nent general praise IL is because OF tails char"
acterstc o. average human that the operators
in oil who were warm with enthusiasm when values
were some 10 cents above the dollar mark are now
gloomy believers in collapse of the market when prices
are about 10 cents below tue dollar level NeFertheess
there no difference between the commercial position
OF oil now and before the Knzul well gave au eXcuse
, the saucht on the speculation and that position
periods IN the history OF tho on trade fufthe thau
that I'm its purely statistical features broad scale
II may be DOUBTED whether tho present stuat IA has
ever been rival ed IL is not the function OF tue rc.ewcc
argue prices ought 70 advance or decEe IN NO
Temporary spe, adiOn; act there axe not lev care
nIl observers who believe that the Pablo
have lost 50 badly IN the recent pane ln%.
confidence be restored 10 degree that VIII Ieai ID
purchases, ami hat level OF cotsderIDy lower prices
will be reached by the market But te's Sihnot n3 -
norcd The Importance OF me Ah'h'i 10. wen , ia
been grossly exa<seraed anu the Cl-hlLger wei Se.s
no promise Of being extraordinary producer. Mers
the OF the supply 70 the demand dinert IMAM
they are at present might be some reason Tor dp-
pretending possible increase IN new proileioA ron
trirts As matter fact II Is sad good authority
that the November development report Will show de-
ment work The stocks at European ports intending
the amount ahoat and 4ng' were, on November 10
rrzpOuiug time last year, decrease OF 4lO' Odrte'
The reports Of the pipe lines show tue reduction Ia t"r
visible supply the following ngures, from November
! 10 20 charters TO the 21th:
Runs Deliveries. neiyeri.s charters,
Total barrels. l,l5t954 lgl2Jg33 l37655 lyl,lo9,
Average pet day. $4,000 62,O23 O,O93 ''tu5
The daily average OF runs given above Is smaller than
the average Of previous November since lo'c ono
has to 20 back only 10 November. ls-2, 10 nd smaller
daily average OF shipments or deliveries.
Al the Cons oudated Exchange the week opened wi
the eNceIeD among traders wilder than Il had Dee 10
the close OF the previous week The market started
cent lower at 9-l2 cents and enjoyed brief rally To
bat from that point there scarcely haIt IN ths
rush down to SIS cents. This Is the lowest pOuu
Touched since the ii 81 week IN July, and II marked
dee Inc OF - from II l2L the highest point or
the year october % and OF Il cents from NOyenOr
Is such pane IN oil had uJt 0cen Witnessed slhci
May aud June last year, probably there never was
one had tte 20 excuse II Ia tho statistical oVJ-
look OF commodity or the surrounding financial cou-
dIuOns Begun IN scare It's CROWN was Ieu Dy INC
stocks carried Of hands Of individuals ana rins
who had been specializing without sufficient mdrln or
over trading 70 reprehcnsible extent Inc illl wti
stopped at Sg7- cents ana reaction caused by panic
OF the bears the market Whrlug up 10 ~ Cents
such rally had none but speculative ouud.
tion and naturally ia view OF the decentralization OK
speruaOn there succeeding setback To % cents
and the arket thereafter huctuated fevershy Nlthlu
cae must have passed into hands Il 10 put IN
another form recognition that the plu!c mas
been stopped but II does not assure tho future mat
the working of natural causes ana tho
afitude of the speculative public. However Thu mdcl
may be said II prices should Do futthHf do
pressed the Of healthful recovery are multi
pied by the changed speculative pOHiliOH. Inc HlAi
nrce OF certificates recorded net 1s lOf the week Oc
& cents The market grew more quiet toward the ends
and though traders undecided or else Dedr'h III
oulnton Tie close quiet aud dun rather than weak
The range of prices ana the total dealings at th' C0n-
soated Exchange FOR the last two weeks were aS ioI-