New-York tribune., 1912-08-26
CROP MARKET REVIEW
wheat DuII-Corn and Oats
steady-Coffee Active.


.sree and business mainly Of scalp
o,ure. With millers in the mar
Gov cash wheat predictions of an
,ous movement when new spring
sest starts to come to market have
IN, prices down, the average for no
va heing -eighths of a cent under
-. of last week. Western grain han
= are somewhat at sea regarding
t,ture course of the market, as, al
.,sb there has been no heavy press
Of actual wheat on the market as
:, freight rates are at top figures
\ there are fears Of a shortage OF
.rs- IN the West, while the roads say
% are ready to handle larger vol
,me than ever.
The last news of the week from
,..od was that wet weather was seri-
,sIy affecting cereals in Western Eu-
,s and that Russia was less free
,,h offers owing to weather condi-
',.rs AT the same time ocean freight
.,om is comparatively scarce and high
r,th no signs of relief.
II corn there have been some sharp
.,yances in nearby deliveries, the ac-
..o of the September option being puz
ling at times. Until almost the end
=, trading for the week the opinion
vailed that farmers had parted with
,r.ctically all their surplus crop as
..odi,v increasing bids had failed 10
,.irv out shipments. Naturally, with
"a .hig difference between new crop
a.uverjes and the cash property, shorts
,.,ona anxious about December con-
...o,s as there was doubt as TO
~h.,ber the new grain would be fit
%, delivery when the contracts ma
,,,s By the close of the week prices
%, september had reached a point
hare country holders decided to take
rrosts. and the close Of trading found
drop of one-eighth Of cent in that
option.
Oats and the smaller grains held
aeady during the week, heavy export
ules keeping the near positions in oats
~ a firm basis. Large supplies from
,hA country forced prices down late In
,hs week. and the average cash price
br standard white was ga cents under
hat Of the previous week.
The course Of cotton has been much
tho same as that recorded last week.
With the market awaiting the govern
nent's September condition report and
the mean time making whatever
30 NAV be deemed advisable OF the
yvate reports which are sent ln'
v,rlv in the week an advance set In
vhIch eliminated on Wednesday with
total gain Of about 20 points. Later
his was lost on Southern hedge SELL
NJ and some local pressure. and at the
nd of the week trading was almost
MOLLY of d professional character.
Tnaer favorable weather conditions
ser most of the cotton producing sec
ans of the country il is believed that
he condition has either been improved
only very slightly reduced, instead OF
slowing the usual deterioration or %
frI per cent for the month, and the
onsensus Of opinion now is that the
TOD Will run about 100000 bales
The crop however. is still about thre
weeks late. and the rush to pick the
! iyt developed cotton in Southern
Texas has resulted i'm the appearance
# orer, 100000 bales of new cotton In
the receipts at Texas points. In the
mean time IL is estimated that there
are 800 900 bales Of last year s crop
still in the South and that foreign
SINNERS have 2.694,0O0 bales on hand.
against 1854 600 bales last year al
his time.
Coffee has had some violent ups ana
towns. especially late In the week
yhen. Hamburg advices Of a growing
ack of confidence in the market gave
xars a chance which they utilized Il
Ia full. Their efforts were successful
until late on Saturday when private
sdyiees set at rest the pessimistic re
ports from abroad and the losses were
recovered. with the market quite ac-
tive Tor a short trading day. Ihe
strong cost and freight situation was
a material help to the bulls, but ag-
gsssve buying was discouraged by the
slow consuming demand from country
buyers.
In the realm Of country produce
Prices have uniformly been weak ana
declining under increasing supplies OF
vegetables and fruits. and the retail
markets have shown the effects OF re
suced cost Of wholesale lots.
A peculiar feature Of the meat stu
alton Is the fact that prices Of dressed
asats, except veal, show an averag
itductiOn for the week, veal making
an increase Of cent pound. This
has been in the face Of an increase In
Prices Of cattle on the hoof, excep'
GOOD 10 prime steers. which show q
'sduetion Of Az cents a hundred
bounds