New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-05
CROP MARKET REVIEW
wheat DecIines-COrn Flrmer
Cotton Report Causes Un.
settled Conditions.

MARKED by distinct price fluctuations
sing the early part Of the week, the
Neat market became more unsettled
ward the end. and prices fiuctuated
Sssmod,cally within a wide radius. AT
.gs beginning of the week the only ac-
ZION worthy Of note occurred in Paris and
chicago, the June delivery on the latter
.,orket moving 10 a higher plane, touch
,sg at one time the 81 mark, 4 fan to a
''avr price basis occurred, however, when
shorts we're IN. and July closed In n
snsoulative manner. About the middle Of
-. week a stronger cash situation. caused
y, uyely buying of both milling and cx-
.o,t gave the market temporary up
,s,d trend. BeRrish sentiment prevailed
- come extent, because OF clear weather
throughout the Northwest, with compare
avsly low temperatures and absence Of
ain. allaylng to a great extent the fears
.bst the rust among crops In that dis
,r,ct would develop 10 any considerable
rrepoytions. The general impression was
hat the grain had already ripenod suffi-
IDENTIFY 10 be out OF danger unless un-
fsvorable weather set IN. Winter wheat
receipts for the week wero large, but were
osset by small spring wheat receipts.
The rust reports are discredited generally,
and .hc largest crop on record-said by
sone 10 approach the Seo.0O0,oo0 bushcl
marks predicted.
Corn remained strong and active
throughout the week, and was subject 20
su6den fluctuations. Liquidation either
wsy yss evidenced, but the general ten
apncy was upward. Conflicting crop re-
sorts, as well as anxiety on the part of
shorts 20 cover. were largely responsible
,or the price movement. Experts disagree
on the ultimate production Tor the year,
some placing the yield ct 200 100000 bush
dis. while others predict q crop at least O
million bushels I'm excess OF that amount.
The government cotton report was
,ersely responsible for the bull movement
IN tbe cotton market. On Monday prices
advanced % points over the closing fig
ares Of the previous session. which In
themselves had been the highest for the
year. September options sold up 70 1900,
AGAINST MaO for October. 1925 for Decem-
Der. ulg for January and 1880 for March.
A break succeeded the high level on re-
ports Of good rains I'm the Texas belt
where they were badly needed. The pub
llcation Of the government report on FRI
day, however, oceasioned another rise,
but during Saturdays session prices eased
Of again, closing about 50 points from the
anal quotations Of the previous week. The
government crop report placed the con-
6tion at 76.5 per cent. against S.l per
cent last year. 1855 per cent in 1910. rs
per cent in 1909, and 500 per cent, the
average condition on July 20 for the last
ten years. The size Of the crop suggested
by the report IS approximately 2,7oO'VV
bales, but whether the crop reaches that
mark OF falls below depends almost en-
trely upon weather conditions from nov
Until the middle of September.
Unsettled conditions prevailed in coffee
during the week just closed, during which
prices huctuated considerably. The gen.
ersl trend was downward, owing pTinc!-
paly to heavy liquidation, The market
closed Monday at a net loss of 6 points
and declined on heavy selling the two
following days. a rally Thursday re
suited in the market closing at net gain
q 10 IS points. Weakness prevailed
right up 10 the close of the week.