New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-30
CROP MARKET REVIEW
Grains Strong, Except Wheat
Cotton and Coffee Up.

The tremendous movement In wheat has
had its natural effect on prices, and the
market as q whole has been weaker. with
price changes moving in a narrow range.
Late news from the West was bearish, on
the belief that the crop would turn out
much larger than had been estimated, one
Chicago authority estimating that the
Total wheat crop Of the United States
would be 74S.oOO.oO bushels. Miliers showed
hesitation about making contracts Tor
large amounts Of wheat, and the export
demand has been slow. with bids scarce
and generally out of line,
Although crop reports from abroad have
been more favorable. there IL strong
impression that Europe may still have 10
buy large amounts of American wheat
and good grade stuff Is in eager demand
In England, where most of the supply Is
OF inferior quality. Prices here touched
new low levels for the movement on FRI
day. but a little weekend covering helped
The market to q slight advance on satur-
day. evening up the average, with the
technical position regarded as little
a-rner and some fears expressed OF an
oversold condition.
III
due 10 heavy liquidation, has held strong.
and the fears of frost in the West have
had their effects on prices 4 private
estimate late in the week placed the total
crop az 3,l96, 100000 bushels. The American
visible increased 7l2,o0O bushels, compared
with n decrease of 10000 bushels for the
same week last year. The contract stock
in Chicago is said 10 be less than 800"
bushels and the short interest IS esu-
mated at 100000. Last prices of the Week
we're steady, with the late months snow
ing a slight recovery from the drop oil
Friday
There has been steady demand for
cash oats. and this. with the smallness oil
supplies, has kept the market fairly
steady, although there have been fe"
small breaks In cash and september
There is much doubt expressed az to the
possibility of maintaining prices at their
present level when the new crop begins TO
move. as II is recognized that the yield ls
the largest ON record. The visible IN
creased last week about 2.37s,ooc bushels
almost three times the increase FOR the
corresponding week last year Last prices
for the week were about steady.
Cotton mas DeeU llc bpOlb VI "'oNi''4
conditions for the last week, with specu-
lation on a comparatively small scale.
declining tendency, due 10 big receipts
In the Southwest, was partly onset ny
threatening weather conditions. and the
close of the week found the market
steadied somewhat under bullish advices
from the drygoods trade. covering of
shorts and little demand for long ac-
count Southern hedge selling In Liver
pool was offset by moderate demand
from the Continent, and spot people here
predict more Southern hedging as the
movement increases, with a slack demand
In spite OF the activity in drygoods.
It N not regarded as likely that there
will be any material advance In prices,
In view Of the big movement of the crop,
the falling or in the export demand and
the apathy of the outside public regard
ing speculation, added to the fact that
spot interests have continued 10 sell
freely.
Price changes In the coffee market have
had tendency upward In response 10
advances IN European and Brazilian
markets, but the differences have been
narrow. and there seems TO have been
little disposition 10 follow an advance
MUCH beyond the Accent limit There
has been AN improvement In the de-
nand from the country and more active
trade IN cost and freight coffee, and this
las given confidence to buyers and caused
a tendency 10 accumulate long holdings.
Apprehensions regarding the crop condi-
tons in Brazil have not been entirely
aIlayed, but conservative traders are in
cbned to await Developments. az favor
able October Towering may 10 far toward
offsetting the damage already inflicted on
the growing plants.
Produce markets have been Ia the main
rather weak. Butter has maintained the
high prices recorded a wesk ago. cheese
has gained o fraction on the best grades
and eggs have made an increase OF two
cents dozen on top OF the same increase
recorded q week ago with the supply oil
strictly high class limited. Vegetables
and email fruits have shown few changes
worthy OF notice. although apples. win
heavy crop In. sight. have made a few
small advances In price for fine qualities
Livestock. with the exception OF beer
cattle mas advanced In price, beeves show
ing eduction Of 65 cents hundred
weight but dressed meats have remained
ABOUT steady. veal showing the only al
Sance--one-quarter cent q pound.
That the general trend has been slightly
Upward for the week liz shown by the fact
mat OF twenty-four articles listed four
Teen show increases In price. six have de-
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