New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-28
CROP MARKET REVIEW
Grains Firm, Slightly Higher
Prices Tending Upward.

While the course Of the wheat market
for the last week has been upward as a
| whole, the changes have been unim-
| portant, and the conflicting influences Of
| heavy receipts Of American wheat at in
| terror points, good export sales a steady
| demand from millers and the war in the
Balkans have operated to keep specula-
! tive trading within reasonable bounds.
An upturn early in the week was
checked by the report of the international
! Institute at Rome on the crops of the
world, the big increase in the worlds
/ supply and other causes, and late in the
week there was a weakness In the face
| Of bullish war news, on which cables
came much lower than expected, which
| upset the calculations OF exporters and
| spectators, the former beginning TO look
askance at the heavy volume OF Canadian
| wheat, which will soon be in competition
with our own for the foreign trade
/ A falling off in the weekly receipts near
/ the end Of September. which was taken
| to indicate a slaCkening Of Consumptive
demand, has been shown recently 10 have
been due to a shortage Of cars, and late
october has shown a movement almost
equal to that of last September Recent
eastbound shipments from Chicago have
added their quota to the record breaking
F.. figures, and the export movement has
reached an amount seldom surpassed,
shipments for the last week aggregating
more than 100000 bushels, or more than
double those for the same week last year.
Corn and oats have made no decisive
movements I'm either direction. q slight
weakness i'm oats having been overcome
| by the steadying influence of frmness
in wheat. Argentine shipments of corn
in the last week were greatly I'm excess
/ Of those for the same week last year. but
| the shipments from the Danubian points
were very much smaller The foreign
corn markets have an upward tendency,
stocks Of old corn here are light. and IT
| is asserted that large speculative inter
ests in Chicago are on the bull side OF
sentiment.
Late trading in oats was on an easy
basis, and although there have been some
sales for export the amount disposed of
in that way is regarded as Of small con-
!
| is the largest on record. Questions as TO
whether the demand is going TO be large
enough to permit the crop being easily
handled are beginning TO come up. and
in some quarters a decline in prices is
! looked for when the crop begins to get IN
motion.
| Beyond the furry in cotton on Friday
caused by the fears that judgment as
TO the crop had been led astray and that
a shortage was imminent, the course OF
! the market for the week has shown no
| remarkable feature. Spot interests are
| credited with having bought heavily in
/ undoing Liverpool straddles, and this
| caused some nervousness among shorts.
/ The ginning report caused a wide differ
/ ence of opinion as to the size Of the crop,
based on the percentage claimed TO have
! been ginned up TO October IS. but these
differences Of opinion are not unusual,
! and advancing prices are looked for by
traders, who give as reasons for their
belief the activity in the cotton goods
business and the advent of the season
when killing frosts over much of the belt
cause no surprise. The New York spot
market showed an advance for the week
Of 30 points.
Coffee trading has been quiet. and prices
Of futures have dropped little. with spot
figures up TO last weeks average F~regn
complications have caused some appre-
hension, and the market late in the week
assumed a waiting position, with specu-
lators inclined TO let matters take their
own course, and while a frmer technical
position is believed to have resulted from
the recent heavy liquidation. buyers are
inclined to be cautious.
In fruits and vegetables price changes
have been unimportant. and In dairy
products cheese prices have held their
own with last weeks figures, but at the
close Of trading showed an easy tendency.
Butter, on the other hand, has been firm
er, and scored an advance of nearly two
cents a pound over last weeks average.
Eggs also show an increase in price for
new laid qualities. with under grades dull
and weak. The top price OF the week
81 cents a dozen WHOLESALERS for fancy,
large, new laid white which are very
scarce.
In livestock and meats prices still
Irange high, dressed mutton and lamb
having been marked up slightly, beef and
veal showing corresponding declines.
Calves, sheep and lambs have increased
in live weight cost. the last named S21s
cents a hundred pounds. while prime steers
and hogs have dropped a little, the for
mer half a cent a pound.
OF twenty-four articles classified by The
Tribune for the week, thirteen show In
creases In price, only five have dropped
and six hold TO the same average figures
as the previous week, showing a general
| ard