New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-23
CROP MARKET REVIEW
Grains Hold Steady and Cotton
and Coffee Are Easy.

cumulation of stocks of wheat have
been offset as price factors by good
milling demand. an active call Tor sup
plies for distribution and some Foreign
trade. Receipts were not as large as
last week in the Northwest but the
fact that much OF the wheat is being
received at Duluth for lake shipment is
held to indicate an active distributive
demand.
Crop reports from abroad are. as a
rule. unfavorable, and there IL every
prospect for a demand which will eat
largely into the exportable surplus
here.
Total interior receipts for the week
aggregated 1I,605.O0O bushels, against
II, 1880 the previous week and T.
10000 last year, but these figures
were softened somewhat by the ship
ments, which amounted TO more than
9.OOOOoo bushels. against less than p
Flour sales have been active at the
Northwest, trading being mainly in
small lots at occasional reductions in
price. and buyers. as a rule. purchasing
the enormous crop OF spring wheat will
cause prices TO weaken.
Stories of damage by frost kept corn
prices either steady or tending upward
until Saturday. when selling began on
reports that no killing frost had oc-
Cured. This caused an easier feeling
and a drop of half a cent in prices.
There was considerable sentiment in
the local market against short selling
OWING TO the fact that two very strong
interests In the West were said to be
identified with the bull side. II has
been held that the high prices of live
stock will make il profitable 10 feed
corn at present prices, and this in
creased feeding Will Offset the effect Of
a crop OF about 3.OOO,OOO,ODD bushels
With special beeves at Sl1 hundred
pounds in Chicago. predictions OF a SO
rate for Christmas cattle, and hogs al
most as high relatively. the income
from livestock seems large enough 10
warrant using considerable corn in
feed
oats held 10 the firmness which has
characterized them for some time in
the face of record crop, and with
good cash demand and the forage crops
OF Europe damaged the idea is prev
alent that foreign buyers are likely 10
come into the market for large guam
titles later.
Irregular prices have ruled in cotton
speculation. with the last trading Of
the week on an easier market There
have been many bullish crop reports
sent out. but the general impression In
this market has been that no really
damaging temperatures might be ex-
pected. az the cold wave was believed
10 have reached its highest point and
passed off. 1t IL thought here that un-
favorable weather must be persistent
10 prevent depression as result OF the
increasing movement. but there are
opinions expressed that there is big
buying power waiting for a more at
tractive level Of buying prices.
Trading in coffee has not been active.
and prices have declined both here and
in Europe. Rumors Of frost have been
discounted, and while the technical po-
sltion has been quite firm In the minds
of some operators there has been quite
active selling, with the sentiment
against the market. An intimation
that the decline in spot and freight
rates was due TO financial conditions
I'm Santos was promptly denied. and II
was shown that money was easier and
spot stocks firm. with only one million
bags in second hands to be shipped.
In the realm OF country produce sup
niles have been ample and prices have
had a dropping tendency, the markets
being glutted with most sorts OF small
vegetables.
BUtttT, GHFfSf tlllN Nbrt
yanced slightly, with an active demand
for the higher grades and best quail
ties.
Dressed meats have held about
steady. but livestock. excepting beeves.
are quoted al lower figures, az much as
Az cents n hundredweight less In the
ease of hogs, beeves showing an adj
vance on the average of 3212 cents.
The top price of S11 hundred pounds
was reached in Chicago for bunch of
suecially fed cattle, but the highest in
this market was 50 10. no'extras hav-
ing been received.
The markets as a whole show steadi-
soss with a declining tendency, nine
~ twent -four articles summarized
showing figures unchanged from last
week. the same number showing reduc-
tions and six an increase.