New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-11
CROP MARKET REVIEW
General Tendency Downward,
Except Cotton and Livestock.

General Tendency Downward,
Except Cotton and Livestock.
With war news alternating from bullish
! to bearish and back again, thrashing
| reports indicating a continuance Of heavy
receipts OF wheat at interior points, the
situation in the -four trade not en-
tirely satisfactory, and an absence Of ag-
gressive speculation for an advance, II
! is not TO be wondered at that wheat
prices have declined in the week just
ended, the firmness and advance OF Sstur-
day coming as a welcome relief to those
who have contended that the market
was going too low. While the interior
receipts were about 100000 bushels less
than in the previous week, they were
still about 5,0oO,0OO over the figures Of
| year ago, and there is a general impress
sion that there are still large quantities
of the grain in the hands Of farmers ana
! that the heavy movement is likely 10 con-
tinue.
A feature Of the export trade when
/ has had a hampering influence Is the
continued high freight rate, and although
! there has been some increase In the de-
mand II has been mainly for Manitoba
| wheat, and the worlds stock has IN
creased only 3,5S9O00 bushels, against an
| increase OF u, Os6 600 bushels for the same
| week last year While Liverpool reports
better demand for cargoes. II is admit
( ted that foreign operators are nervous
over the Balkan situation, and the course
! of the market is likely to be materially
| influenced by developments In the war
Corn also has declined during the
! week, but Saturdays market recorded a
! slight advance in the face OF the govern
I ments crop figures. which. large as they
were. did not quite touch some of the es-
/ Inmates made by well Informed experts
1 With the proportion of light corn less than
I had been expected and the quality OF the
| crop UP to high standard. the general SIT
/ uation is regarded as bearish. and with
! occasional offerings Of new corn IN the
| market showing that the movement IN
| large quantity is not far away, 1t seems
difficult TO count on materially higher
| prices In the near future. although pur-
| chases at comparatively high rates IN
| November have shown profits in the past
oats have shown more steadiness than
! the other grains, partly because there
has been less pressure to SELL although
| they have declined slightly in price. the
! steadiness may be accounted for by the
4 fact that there is a good cash demand
with some increase In the export trade
| Although the crop is the largest on rec
| ord stocks are small, even with an in
crease in the visible of $500, 900 bushels,
against decrease in the same week last
/ year OF 266,O00, and the weeks move
ment was 1905 900 less than in the pre-
| vious week
| Cotton has persistently climbed upward
| in price, nearly every day marking new
| high records for the movement ana
active trading. There have been re-
/ actions at times and little setbacks al
I the close Of trading, but these have been
| due mainly 10 a desire 20 get hold OF
profits while profits were In sight, and In
no way indicated weakness In the situa-
ton. Reports OF smaller crop that mad
! been expected a month ago, killing frost
| in some sections OF the belt. frm and ad-
vancing spot markets and an increase
In the demand for manufactured goods
have kept shorts ION the anxious seat
and made them very wary about entering
into selling obligations The movement
has resulted In the twelve-cent marx
being passed for futures as well as IN
the actual spot markets. and the close OF
Saturdays trading found some options
| less than a cent pound below the year $
raaRheH the
elimination Of the crop scare excitement
! late last July. The end OF the week
found the market firm, and some traders
talking l3Izc as figure likely 10 be
reached before the present week ends
Foreign sellers have had considerable
influence in the coffee market In the last
week, and with an apparent disposition
on the part OF Brazilian shippers to make
concessions on cost and freight coHee
the tendency has been DOWNWARD al
though some rallies have been recorueu
regardless OF foreign influences The tac'
| that the consuming trade Is sun IN All
entagonistic attitude TO the market mas
| tendency TO discourage general conn.,
dence in the present level OF prices ana
with ali the foreign markets showing de-
! cIines and weakness the inactivity OF the
| local market Is accounted for. strong
trade interests are recognized as being
disposed to support prices on the declines
but the course OF prices has not indicated
that the market has been ''pegged' at
| any particular figure. Saturdays trading
/ was unusually large for short session
aggregating 1900 bags
In country produce butter and eggs
have been about the only articles show
| ing an advancing tendency, the general
! trend being downward, with ample
J stocks. and in some cases quality below
/ that which would command remunerative
figures in this market Fine grade eggs
are scarce, but with b5g57c. quoted as the
Wholesale price for nearby hennery
whites, large, new laid" the demand has
| naturally turned TO the cheaper grades
and some fair sized raids have been
| made on storage goods
While dressed meats have shown IN
consequential changes prices of livestock
have gone up in the last week. especially
for yeals and lambs, the increase In In
stances being almost cont pound. lie
present high prices for meats have had
the effect OF reducing the exports OF i've
cattle to a figure almost negligible the
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