New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-16
CROP MARKET REVIEW
Course Of Grain Downward
Cotton and Coffee Up.

.,.. The exception of slight reactions
-oI,ies. the general tendency Of prices
81" wheat market for the week just
ID - hoe been downward. Other grains
CIV have dropped in price. although the
U.s. .,ness in oats has been marked
feature. .-,-.,... - ,.,,oo.
~ vaek. more than million bushels
~, the previous week and nearly double
~ . ~ a year ago. have materially in
'iV sod the visible supply, and 1t is eX-
- that the movement from now on
:, roen at high figures. Reports from
'ArosS we're Of a conflicting nature late
.ho week on weather conditions, but
oacial French estimate placed the crop
Sao ,s4 900 bushels Of slXty-one pounds.
- an earlier provisional estimate OF
ss'nn n.o bushels of sixty-three pounds
oe,cial German report said the quail
~ =, the crop was poor, and the Rome
-.,,,,te estimated the aggregate yield
~. seventeen wheat-growing countries
o-9S nDOo0 bushels, or 100000 more
han last year.
~ bulra I'm corn prices caused by the
,,.h rrice Of the spot article has sub
- under the influence of crop condi-
',os and the practical certainty that
,onner crop is 10 be harvested, and the
-, To- the week has followed wheat
t,s downward course. Interior points
- received 69S0 900 bushels, against
,.;nno 2 year ago and. as was the case
,r,,b wheat the market was unable to
.,rry the big load at previously ruling
prices. z.,,o,d
d. mats has kept the market firm and
,,.,dv the drop Of a cent bushel not
.orinr until late i'm the week. This de-
wapd had couuteracted the effect OF re-
s.irts Of 7.l09 90 bushels for the week
.,nost equal TO those Of the previous
.n.t and about double those OF the cor
r.sponding week last year.
The minor grains have also felt the
,r.ssure Of great crops and have been
,.dpced in price TO a small extent with
a. business in flour which has kept the
Northwestern mills going at fun speed
Il. price for standard brands has dropped
shopt 10 cents barrel at the mills
cotton SPECTATORS have had the inhu-
,,cs ~ a Gulf storm 10 deal with, fears
q, heavy damage 10 the crop caused an
.a,snce in the price OF futures, and Fri
a.v.s trading saw the 12-cent mark passed
ny the May and July options. with the
ssslnation OF the storm danger on Satur-
day came rumors Of cold weather Whlch
might reach down into the belt, and whhe
this restricted selling somewhat II Was
not forceful enough 10 do more than cause
q sight rally. which was quickly lost
Dealers in coffee faced the natural re-
,rt,on which followed the failure Of frost
damage stories to hold good, put on
THURSDAY met a reiteratiOn OF the re
for,s which boosted prices Tor the tlUle
being. The fact that European markets
failed 10 follow our advances mere hllu
developed an easy tendency with the pc
lief on the part of many cOnserNatiNg
traders here thGt the damage reports hau
been exaggerated, kept the market IRON
running away. Late in the week, WIN
brazilian markets quoted higher ana cost
and freight offers showing SHsht az
vance. the local market held easy, al
though the lightness Of shipments LOT lne
United States was thought 10 be a strong
factor in favor OF holders Of stock mere.
In the general country produce markets |
prices have declined on nearly all the
articles listed. potatoes, butter and eggs
bslng the main exceptions. Many snip |
msnis Of fruit from the South have ar
rived In such poor condition that they |
hardly paid the cost Of transportation, !
and some have been abandoned TO the !
Transportation companies. This, however !
Is an annual incident, and some shippers |
seem unable 10 learn that little care IN |
packing and judgment In shipping VII
Il more than repaid when the STUN !
reaches this market.
Under the influence Of the JEWISH non
days the poultry markets suffered from
smaiiness Of trade. but prices held
steady. and in some cases advanced frat-
tonaily Livestock and dressed meats
we're at about stand-Of, beeyes, IamDs
and hogs showing reductions, while calves
and sheep advanced slightly. Dressed
bsei held steady. but veal, mutton ana |
lamb scored fractional increases IN, cost.
OF twenty-four articles OF which cost
comparisons have been made twelve sho"
Increases in price cotton leading me up,
turn; nine show reductions, lB cents IN |
wheat and "a. cents in corn being tne
principal losses, and three holding steduy