New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-08
The Decline in Cotton.

Early in the week there was a marked
advance in cotton figures, with December
showing the greatest gain On Thursday
some Of the large early buyers started TO
realize and the market broke, declining
steadily until the late trading OF Satur-
day, when there was a slight recovery.
The fluctuations seemed 10 be purely
speculative, as crop estimates were about
stand-off, and the trading was mostly Of
an evening up nature, in preparation
for the governments ginning report due
Monday forenoon. with the crop esti-
mate due on the 18th.
Guesses as to the crop have been va
rious, but II is generally held that unless
the governments figures should be sur
prisngly low any sharp bulge In prices
based on them will be only temporary
The trade seems to be prepared for q
report on Monday indicating 100000
bales ginned to December /. and while
small crop people hold that these figures
will indicate ginning Of So per cent OF
the crop, others believe that the heavy /
indicated ginning for the last half OF
November indicates a larger amount re-
naming to be ginned than was the case !
at the date last year.
There will be three moro ginning re-
ports after this one before the final crop
figures are announced, so any deductions |
from Mondays figures will be only tenta- !
tive.
Coffee Tending Downward.
With few exceptions, the trend of coffee
prices for the week was downward, a /
sharp recovery marking the close Of !
trading on Saturday. duo moro to q sold
out condition of the market than any
have been encouraged by the big crop
movement and the lowering Of cost and
freight prices, and predictions by bulls
that there would be a sharp decrease in
receipts failed to stimulate buying.
One reason for the weakness Of the
market is undoubtedly the fact that the
spot trade has been materially reduced
by previous heavy dealings in cost and
freight goods, which will make heavy
warehouse deliveries in December, in
terror buyers having all the stock they
need for a time and being utterly in
different to the course of price OF futures.
and while there have been occasional re-
actions they have amounted to little.
There Is a strong idea that the furry Of
Saturday will be only temporary in its
effects.
The Slump in Eggs.
The principal feature of the country
produce markets has been the slump in
the price of eggs, due to lessening OF
the demand, an increase in the supply
and some sharp competition with the
home product by foreign shipments. Late
in the week there was a series OF de-
clines, which aggregated about 81 so a
case, and the prospects are that prices
will go still lower in the coming week.
Other farm products have shown only
slight changes, although there is weak
ness In the potato market, importations
so far having more than counterbalanced
the domestic shortage. There is some
talk OF foreign shipments being barred on
account OF disease. but at present the
non-infected districts seem to be capable
Of supplying heavy demand.
other vegetables and fruits have held
about steady. with only the usual changes
noted. Livestock prices have advanced
materially In the week, calves showing
a gain OF 81 so a hundred pounds. with
sheep and lambs also higher. but beef
cattle slightly lower. Dressed meats.
however, have changed only fractionally
and the supply has been ample.