New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-27
CROP MARKET REVIEW
Grains Generally Higher-cot.
ton Up-C0ffee Unsettled.


unsettled. but lifeless. The net changes
OF the week were unimportant and the
market is apparently awaiting develop
ments as to Argentine wheat and domestic
exports. Canadian wheat is still in good
demand for export, Duluth advice re-
porting sales Of about los loads, and a
steamer has been chartered to carry about
twenty loads to Brazil
| mere are indications that Europe will
| require large quantities OF foreign wheat,
france having imported 1S,500,OO0 BUSH
els during August and September News
from the Northwest indicates that farm
ers VINO were in need Of cash have mar
keted their surplus wheat, and there have
oeen comparatively light receipts and
small offerings. The fine condition of
winter wheat had been a weight on prices.
ana the course of the market will likely
De along steady lines for time. unless,
tnere is some material damage to crops in
india or the Argentine.
corn has shown more strength. but
mas been unsettled. with considera BILE
covering by shorts on the bulses. The
|
or ten days ago, and buying induced by
wet weather and light receipts caused
a scramble for cover. Another infu-
ehce on prices has been the supply OF
Areentine corn, cargo being sold at
DalVeston last Tuesday a zoe, c. l. e.,
and another of 100000 bushels a day
later for delivery at New York, Boston.
and Portland at 69Bc, which is about
ten cents under what Western corn
could be delivered for at these ports.
The available stock Of American corn,
decreased 1,154. 900 bushels in the week.
against decrease OF $4,000 bushels a
year ago. but the contract stock in Chi
cago is 1,116,O0O bushels against 3o7.-l
600 a year ago.
oats have followed the lead of wheat
ana corn, with cash houses and pro-,
iesslonal traders the principal buyers
ana elevators selling freely on tha
Dulges. Prices have made only slight
changes. and some heavy shipments Cd
Canadian have had little or no ind
huence on the market The available3
supply of American oats decreased Ia 81
week $4,000 bushels against an ind
crease In the same week last year Oh
$4,000, but the available stock ind
America is now 43,450,000 bushelsJ
against 19,72s,00 a year ago. I
Flour has been in better demand. bun
most sales have been at somewhat loweS
hgures and buyers are not disposed TOD
take hold freely except at CONCESSIONS
which will make il worth while. Pro-
duction has fallen off little, the three
Northwestern milling centres making IA, -
800 barrels last week. against 46S, 800 the
previous week and 1910 year ago.
Weather Sends Cotton Up.
Cotton prices during the week were SUBJ
! Ject mainly TO weather conditions. A
sharp rise early, in which October and
December touched new high figures.
. caused rush of shorts to cover, and in
short time the market was decidedly
! overbought. When the l4-cent level was
, reached there were heavy offerings OF
spot from the South. and sales for profits,
. and with spinners, exporters and spot
people getting out OF the market there
4 was sharp reaction on Friday, a drop
: of q to rs points. however, leaving the
market still 30 to 40 points up from the
previous Saturday
There has been some talk OF l5-cent cot
ton from the South, but IL is noteworthy
| mat whenever the H-cent mark has been
| reached there have been plenty Of offer
lngs, and II is the current opinion that
I Ia cents, which shows a good profit on
: the cost Of production, will be about the
= high figure for the present crop. The
weekend ginning figures, while the sec
ond largest for the date on record are
generally taken TO mean that a larger
, percentage of the crop has been ginned
; rather than that the size OF the crop has;
been underestimated
e Coffee Traders SkepticaI.
There have been persistent efforts ON
the part of bulls in the coffee market TO
put prices at a higher level. basing their
attempts on reports that the coming Bra
lillian crop is in a bad way. with MANY
private and some public cables backing
up their assertions. Dealers here, how
ever, have generally declined TO accept
these statements, pointing out that they
have not been sustained by the action of
European or Brazilian markets, which
have ruled easier, and In some instances
actually lower, with stocks increasing at
the primary markets. These price con-
ditions naturally lead local dealers TO
> think that Brazll's bullish reports are
due 10 desire TO market present stocks
. at as high price as possible, and the
trade is more impressed with actual con-
ditions than by reports of poor crop
. prospects.
:, Large quantities of butter cheese, eggs
' and dressed fowls have gone into storage
in the last week, mostly of grades below
the best, top notch stuff being in demand
. at firm prices The small fruits and yege-
. tables have been in ample supply but
, the quality of the vegetables has been
poor, as a general thing, and in some in
\ stances unstable lots have been received.
Prices have made no noteworthy
p changes, being affected principally by the
days supply and demand. Livestock and
dressed meats have held to a steady ba-
O sis, only fractional changes having been
made in either. and the market has been
n amply supplied.
The tendency of spot wholesale prices
I for the week has been about a stand-off.
= The Tribunes tabulation OF twenty-four
articles showing an even division between
i increases. declines and an unchanged
4 status.
r THE PRINT CLOTH MARKET