New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-14
CROP MARKET REVIEW
Balkan War News Strengthens
Grain-CottOn Lower.

The threatened uprising Of the Balkan
States against Turkey caused strength
ening Of wheat the latter part OF the week
on the local market as we'll as on the Tor
eign exchanges. At the closing session
before the two-day adjournment wheat
rose III cents. owing chiefly to covering
against an unfavorable turn of the Euro
pean political situation over the holiday
A general declaration Of war by all or
several Of the Balkan States would, II is
estimated. affect the importing countries
in the western part of Europe materially.
shutting off the supplies in large extent
of Russia
No. red wheat closed at 81 05l2 Friday
the highest figure OF tho week, against
81 03Ia OF Tuesday, the lowest. December
and May, in elevator closed respectively
at NOl% and 81 O5Ss. against Mondays
9S1sc and 81 OBS.
The strengthening tendencies OF wheat
were impaired to corn, which, with un-
favorable European political controversies
raging and wet weather I'm the corn belt
when warm, dry weather was needed be-
came frmer toward the close Of the week.
According to bullish announcements, the
new crop Of corn will not be placed on
the market earlier than usual. In the
meantime, II is said, old corn will lie alb
sorbed steadily, and will be gone from the
market before the new crop is on hand.
oats were more active than during the
previous week, being stronger in SYM
pathy with other grains. Trading was
h,,t credited
with having increased extensively. Dur
ing the early part Of the week a rumor
was current that more than half mill
ion bushels had been sold for export 10
Europe.
Flour remained steady last week, al
though it was reported that prices at the
Northwest had fallen 20 cents. All bear
ish influences brought TO bear on the mar
ket during the week were offset by Balkan
war news Duluth, Minneapolis and Mil
waukee reported a production Of 47S,069
barrels against 473,3S5 barrels the pre-
vious week and 1886 barrels the same
week last year.
Heavy selling, foreign war news. favor
able weather and large receipts all con-
tributed toward a decline In cotton. The
crop figures show total Of $40, 900 bales
in sight, against nearly 100000 last year,
making the total Of the crop marketed
since September / nearly 100000 baleG
short of last years figures. Both port and
interior receipts were heavier than during
the previous week
Trading in spot coffee was moderate,
but prices were generally firm. Futures
were quiet. showing RESP onses during the
latter part Of the week to higher quota
tons in the Brazilian and European mar
kets. Weather conditions In Brazil have
been reported as unfavorable, and damage
to the crops is said to have resulted from
the recent cold SPELL
The general trend Of the markets for
twenty-four articles OF current consump-
ton was downward, the average prices Of
eleven commodities for the week being
less than those OF the previous week. Nine
articles averaged more in price and four
were at a standstill. Cereals, without eS-
ception, were higher. while cotton descend
ed a bit.
Cheese remained strong, being UP a
fraction Of cent pound from the high
prices that characterized II last week
Butter fell IL cents In the week. and 29%
cents was the average price a pound for
the week. Beef and hogs live weight, ad-
vanced, but calves and lambs struck bal
ance by dropping slightly