New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-03
CROP MARKET REVIEW
Grains Evened Up-COtton
GainS-COffee Dull.

GdInS-COHee Uull.
Prices Of wheat futures advanced dur
ing the first three days of last week and
declined on the last three. closing within
fraction OF where they started and leaV-
ing the market about stand-cn 10Y the
week. The early advance was due To
some export demand. pessimistic crop re-
ports from foreign countries and better
cash demand from both home and foreign
traders. Business I'm The last halt of the
week was small. and price changes were
narrow. bat declining. Receipts OF West
ern points for the week Were fairly lib
cral but there il a slackenlES or the
movement. the figures being $4,000 bush
els. against j.70l."c the previous week
and 2i72Gc last yea. WORLDS stocks
have decreased ,jS2"0 Bushels. against Il
decrease for the same week last year OF
1900 bushels. Farm reserves are esti-
mated AT l25.UOo0o0 bushels. or only about
r.. 10000 more than ut this time last year.
but the government report. due next MOI
day. may alter these figures considerably
Wet weather in the West AMI an evident
disposition on the part If farmers To hoid
their stocks. with liberal seaboard clear
ances. caused strength in the market and
an advance in corn prices, even in the
face of high record movemen' Late IN
the week liquidation by longs and DE-
creased EXPORT and local demand caused
decline.
Oats followed the lead OF wheat and
corn. and while May has been bought ana
September sold quite heavily IN Chicago.
there has been little else of special In
terest in the market. The market was
firm here early in the week. nut held
barely steady at the close.
Flour has been dull but steady, with
sales ut Minneapolis estimated at between
6o and 10 per cent OF the output. Prices
however. have held mp against any de-
mand for concessions.
With the technical position of the
market strong. owing TO appearances Of
having been oversold. speculation in cot
ton has been only moderate. with bears
covering their short obligations the main
foundation for an advance in prices. The
spo. situation in the South has been
firm. although trade has been slack. and
stocks at Southern ports are smaller than
they were a year ago. Political compi-
cations. AT home and abroad, have been
against the market and the general idea
has been that selling on the bulges was
wise on the belief that consumption was
not going 10 be as large as had been
cxpcctcd that there is a big crop COM
ing. and that bull speculation is not war
ranted by the general condition Of af-
fairs. March notices on Friday were
promptly taken up. causing an advance
bat late in the day heavy selling gave
prices setback. which was carried over
into SATURDAY the selling being held 10
represent a bearish view OF the market
rather than realizing on long lines. The
rapid falling off into sight iiguree since
the first OF tho year had IN" effect OF
stimulating interest i'm the census report
due on the 10Th. and Southern CORE
epondcnts Of a local house estimated that
ginning TO March | will indicate COM
mercial crop Of about 70. $4,000 bales.
Coffce futures have rallied ~ times
during the week. but trading has been
duh and the trend of prices downward.
Liberal Brazilian receipts and predictions
Of good supplios from the next crop
seem to have taken the heart out OF
the bulls. although there are traders VINO
profess To believe that as The long IN
tercsts. both spot and futures. arc con-
ccntra,ed in few strong hands the
technical position of the market Is firm.
However this may he. it - certain that
huying activity has been checked by
fesrs OF liquidation on any bulge worth
counting. and although selling pressure
has al no time been great there has been
an almost steady declne-smaU by the
day. but large in the aggregate. By
new rude adopted by the Coffee Exchange
the volume OF transactions in bags will
no; hereafter be sent out in the reports.
this following the method OF most or
the other commercial exchanges.
The chief feature Of tho market Tor
country produce has been the advance III
the price Of eggs. fresh gathered nav
ing made q gain Of two cents dozen III
the week Butter and cheese have been
Gu!ct bu, steady. and the small fruits
have shown no marked changes except
those due TO differences OF condition. rs
usual. fancy stock Of all kinds has COM
mauded a premium. while the poorer
GRADES have suffered. Vegetables. as
rule have been lower. with liberal sup
plies, in some cases an excess, Which
means a loss TO the producer
I'm livestock and dressed meats there
have been only fractional changes. hogs
showing a slight advance for the week.
more on conditions attending local sales
than on any application of the Ia" Of sup
ply and demand.
Wholesale spot prices IN this market
show only ten Increases out oI t"'"''
five articles tstulated BY The Tribune
against seven reductions and dsht UNI
changed.