New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-07
CROP MARKET REVIEW
Advances About Offset by De.
CIineS-Big Crop Figures.


Some nervousness and a little furry in
prices was caused in the wheat market
last week by the hare-up in the Balkans.
but late trading showed a declining ten
dency, with the general situation regard
ed as bearish Export sales for the week
were estimated at more than q million
bushels. including cargo Of durum TO
Northern Africa, but exporters are chary
about. giving out details in fear that
prices will go beyond an export basis
Interior receipts have been somewhat
smaller than in the previous week, but
greatly in excess OF those Of a year ago
and the movement OF grain so far this
season has established a new high record
receipts of wheat, corn, oats barley and
rye for September having aggregated
10, 900 busnels against 65,SSl, 600 bushels
for the same four weeks last year.
There is a great deal of interest in the
government grain crop estimate, due next
Wednesday, the features being the condI-
ton figures on corn and the preliminary
estimates on thrashing returns of the nne
grains.
Flour sales in the aggregate have con-
siderably exceeded the weeks output,
which at Minneapolis, Milwaukee and
Duluth vas 47&3S5 barrels, against 459. 275
in the previous week and 1925 last year.
Corn prices have been affected by csti-
mates that the coming crop will be the
largest on record. This condition gave
shorts in the September option some UNI
pleasant moments, but although final
trading for the week was at slight de-
cline and the general sentiment is bear
ish. there are come heavy interests on
the blul side. There has been some DOUBT
as to the extent OF the frost damage
being 20 to IS per cent, as has been
claimed, and the market is awaiting the
government report with some anxiety.
Oats. with the largest crop ever known
in sight, and practically assured. have
dropped a little In price, with occasional
reactions toward a higher level. but as
rule trading has been moderate and feat
urehess.
The government reports on condition
and ginning figures were the principal
features OF the cotton trade, and the
heavy ginning figures caused come selling
in the local market. The weak feeling
was added to by heavy receipts at Texas
ports and the war cloud in the Balkans,
although on the scale down spot interests
were free buyers and spirners bought
futures rather more freely. The general
trend Of the market has been bearish, ard
the local spot market showed a decline
for the week OF 30 points, 10 11.25c, as
low as has been reached since April last,
with latest trading in futures at a slight
loss from Fridays figures.
Coffee trading has been moderate and
changes small, yet prices have advanced
In answer TO foreign advances, and II IL
asserted that large interests at Hamburg,
Havre and Santos. as well as here, are
bullish. although last trading for the week
was at a slight decline The whole mar
ket apparently hinges on confirmation OF
damage to the towering plant In Brazil,
and a waiting spirit is manifested by both
bulls and bears. with the trade generally
not overenthusastlc over cold weather
prospects in Brazil, as frosts there after
October l are extremely rare.
In the country produce markets prices
have held generally steady, with potatoes,
butter, cheese and eggs showing advances.
and supplies OF high grade stuff not ex-
cessive. The small fruits and vegetables
have kept on the even tenor OF their way,
with a preponderance Of low grade or
medium qualities IN the receipts and a
steady demand at firm prices for the bet
ter qualities.
The market for cheese IS strong, and
the tendency seems 10 be upward. late
advice from interior markets In this state
pointing TO an Increase OF cost at shipping
points. and the possibility OF higher prices
throughout the winter. The fact that
state special cheese IN the New YORK
market has averaged over II cents
pound in the last week has encouraged
upstate holders 10 boost their prices, as
the demand for fresh make is greater
than the supply this encouraging the
sale of storage goods. Last sales OF but
ter for the week were at a reduction OF
J., cent, but the average for the week
showed a gain OF the same amount, with
stocks accommodating ana the market
weak.
There have been some reductions on
beef cattle, hut lambs and hogs have gone
I'D slightly on live weight, while dressed
meats have shown no increase In price.
a reduction being noted In mutton and
lamb.
The average OF twenty-four articles OF
current consumption for the week IL about
q standoff, nine showing slight advances
the same number slight declines, with six
unchanged from a week ago.