New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-24
CROP MARKET REVIEW
Grain Futures FIrmer-CottOn
Gains Coffee Loses
an Advance.


with the prices of livc-cattlo ana meat
products steadily increasing. traders who
have been looking for higher prices for
wheat. on the ground IF increased CON
sumption of flour. were eratihed when
the market took an upward Turn carly
in the week Just ended. There was
a temporary weakness at the outset.
but the tendency soon turned upward.
and the general tone of the market
became frmcr. ON Thursday. with
smaller offerings and fears Of crop
damage through storms and cold i'm the
Northwest. there was - sharp advance.
which held over the Good FRIDAY holiday
into early trading Saturday. There were
a few SLIGHT reactions. due 20 profit
taking but the net result IF the week :
trading was an advance IN price. with
bullish sentiment strengthened by the
fact that American markets are about On
an export basis. Broomhalts estimate oil
worlds shipments. exclusive of North
America. was 100000 bushels for the
week. against 97Si.Oro a week ago. Amer
lean exports for the week were S59@''el
bushels.
Fluctuations i'm corn were slo" and un-
important early i'm the week, but later m"
market hrmed up with wheat. shorts ne
ing inclined 10 cover. and prices moved
up a little. The advance was aided by
reports Of better cash demand III the
West. with farmers making lighter de
liveries.
oats have followed the lead of the
other grains. advancing in thc last I'VE"
days of trading. The discouu, on MAY
contracts i'm Chicago has been wiped out
by the transfer of short contracts 10 July.
due to nervousness over the small proper
ton of contract oats in the receipts. the
close Of local trading left TN" market hrm
for both futures and spots.
Prices of -four here have kept up al
though there are reports from the North-
west Of dulncss and unsatisfactory uad"'
with three Minneapolis mills shut do"h'
The production has more than kept pace
with consumption. the three North"est-
ern milling centres turning out 'o|V"'
barrels last week. against 315 9s6 week
ago. and 3i6525 a year ago. Holders mere
believe that the consumption must III
crease. owing 10 the inability % 'he aN-
erase ultimate consumer 10 pay inc
increasing cost OF meat supplies.
Cotton futures have been comparatively
dul during the week. with the final crop
report OF the season as the principal
feature of the week. Trading was hsh'
and priC, changes were narrow stump
on Monday Was recovered in later traiint'
prices working mp until the close OF"
Thursday. which WAS al AN advance "l
q to - points from Mondays lowest ana
Is to Il above the close Of last SiluId"! '
Tho report was without any influence "a
q factor i'm the market, as II was pretty
we'll I'm line with the trades expectations.
but the report ON cousumptiou' ISSUED on
Tuesday. gave announcement 10 the
bulls. as II showed that the consumption
bv American mills so Ear this season ha'
been the largest ON record. athouEh inc
announcement was tempered 10y inc
knowledge that mill stocks also had maH'
now record II is noteworthy thdt WIN
all the bear features az tho situation
prices have steadily resisted pressure Dee
vond ANYTHING more than fractional de-
clincs. and the spot market mas game"
10 points since week ago.
coffee prices had "A hig bulge. gaming
more than forty points I'm Monday trad
ing. and with few reactions spent -"
rost Of the week declining. until Al the
close Of trading ON THURSDAY the market
was below it. starting point Although
there has been very large short interest
created. tho general opinion seems To- hc
that. with perhaps fcW rallies. the ten
deucv Of prices Will be downward Ih'
consuming trade is distinctly against the
market. and country orders are Tor only
small amounts. and few az that although
Rio 40. is nov about three cents
pound under ils price year ago. THO
prospects are for an abundant crop. ana
me amount OF Brazilian coffee IN sight AZ
this time is 2,4l5. 80 BAGS. against -.5i''3'
year ago
The country produce markets have been
10 or down. as supply and demand seemed
IA warrant GOOD goods holding thcr own
except IN tie case of eggs winch nave u'-
cliu,d under heavy receipts and poor stock
selling at an sorts of prices. some OF d.
indeed being abandoned as not worth
freight This has happened to several
,arloads of Southern vegetables in the last
week. cOn@iguccs refusing io receive Tue
stuff ON account Of unstable quaint.
uricos of live cattle and meat products
have shown AN advancing toudcn'l par
tcularly calves ana dressed veal VI" ''
i..nge ~, sigIf toward a reduction IN cost
The average Wholesale spot prirrs i"I
,.r vock show a stand off. lisi 81
Twenty-Five articles Of current cohsulnp
lion compiled hN The lIlhuu' SHOW i'F l.N
t;-tor fbo same number lower and nv"
,Irhanged in cost a. compared with F"
week ago.