New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-15
REVIEW OF THE MARKETS
Price Changes About Equally d.
vided-Cotton Still Climbing.

Weather conditions and crop scares nave
contributed their full quota TO the influences
affecting the markets for cereals ana COTTON
in the week Just ended, but in spite OF the
efforts Of bulls 10 put prices at a high lever
and keep them there the big grains nave
made slightly lower marks than were re-
corded week ago. Crop conditions are re-
garded as excellent in the wheat country
while reports OF black rust have so far
failed to affect the Northwestern markets
permanently and had only passing inlu-
ence here. export wheat showing the reluc-
ton OF -. cents Maintaining high prices
for wheat seems to lie a hard task III We"
of the promised crop of 629,OVoWO ousheiS'
or 5000 900 bushels more than a year ago.
while with a corn crop Of nearly 3e"'"V'V0V
bushels. or 2So,0o0o00 bushels more thah
last year. and oats coming along with the
second largest crop on record-l'l59'"''V''
bushels or 2l7,0O0oO0 bushels more than
wear ago-lower figures for grain and grain
products seem inevitable. Flour mas a.
ready shown the effect of these condluohs
by a drop Of Il cents a barrel, and buyers
are holding off in anticipation Of fuither
reductions.
The cotton market has been the most ac-
tive of all in the last week, and fluctuations
in futures have extended over wide range
the changes being due principally to weather
scares and conditions. While the market
for new crop cotton is nervous and unset
tied. but steadily climbing in price, the $40,
situation is not lacking in interest Inc
South has been practically combed for cot
ton for immediate delivery, but there Is
g mar
ket which has sent a large amount South
recently for delivery on contracts mas
shown the effect of the shortage by an az
vance Of nearly half a cent pound or over
50 25 a bale. English and Contlnental puS
ers are reapins the advantage OF their lore
sight I'm buying futures when prices were
comparatively low. with the result tnat
heavy home demand would mean sharp
advance.
In provisions the increases more than
counterbalance the reductions, ana the
prices for livestock have shown suostantal
gains in the main. This means, II the
raises are maintained, increased cost Tor re-
tail buying, as it is well known that WINE
reductions take q long time in feachinE the
consumer advances go into effect OH re-
nnarkabIv short notice An advance OF
cent pound in the live weight cost OF
prime calves means much more than that
when one comes TO buying veal outlets. and
the same holds true Of pork chops when
hogs are ND a half cent a pound, as " the
case this week.
For the smaller table supplies reductions
are noted in almost every line. even eggs
showing an average OF a cent less t" the
dozen than a week ago. Vegetables ana
small fruits have been materially reduced
in price. mainly I'm consequence OF largely
Increased supplies. which. being perishable'
had 10 be disposed of promptly. In several
cases consignments Of fruit have been sofa
for barely enough to pay freight, and IN
some have been condemned by the city
health authorities and sent to the DUMP
The storage houses are getting large guam
ties of butter. cheese and eggs. supplies, as
&c usual AT this season, being much larger
than the market can absorb at a proht 10
the handler and producer.