New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-24
CROP MARKET REVIEW
Grain Changes Unimportant-
Cotton Weak and Lower.

There was a little stronger tone 10 Tn.
rb,at market early in the week Just end
u although conditions were somewhat
r,set,led. owing 10 weathe- and war
,sgs. Fairly large receipts at primary
,o,nts checked any permanent advance
tovever. even with the evidences Of du-
,sca,ion Of figures caused by wheat being
so.nted again on shipment froin hard
,hea. centres 10 the soft wheat places
vhere the crop had been poor.
The late markets wcre steady. but price
,Asnses were unimpor,ant. the closing OF
r-day being only SC below that of tho
eek previous. Argentine shipments 70
rrrope were somewhat disappointing.
md this led 70 encouraging cables. added
n -umors that there was considerable in
sr-y in Russia for wheat from the Plate
, heavy snowfall on Friday over sections
US, OF the Mississippi. except in the
Ruth where there We're good rains. dis
,sued the fears of injury from lack of
moisture for the time being. but the effect
4, this on The market was offset by fears
N damage from severe sleel storm
throughout the Ohio Valley states.
There was only a moderate business III
American wheat for export. although re-
no-ts from Duluth stated that exporters
had purchas ed a large percentage of the
Canadian wheat available and were show
rg more interest IN American. on
THURSDAY there was export business o.
NWo bushels Of Manitoba and -. 90
bushels OF American hard winter. for
ei2ment from Gulf ports. The demand
from mills is SLOW. The decrease in the
American visible was S95.rO bushels.
sgains; 10000 in the same week last
year. The present worlds stock Is 12,ep.-
10 large than a year asO and 100000"
srger than at the same time in 1911.
Argentine shipments 20. the week were
saes.M bushels. compared with Jo24"J
as. week and 2.40S.IoJ last year. Broom
hall estimated the worlds exports, excll-
sve OF North America. AZ s. 10000 bushels.
which. with Bradstreets American ship
neais. indicated a total cl u.'-s.oVo oush-
" compared with l2.94i.oo0 shipped last
veek ana 1924 90 last year.
There IS still only light demand for
soar. and buyers continue 10 keep their
eyeglasses within the limits Of actual re-
cursnents. with resellers supplying the
dtnand in part at lower prices than the
Northwestern mills are naming. The pro-
svc,ion al Minneapolis. Duluth and Mil
raukeo last week was $7J.C25 barrels.
agains, 9,3.G4O q week ago. and 32I6lj a
rear ago.
Corn markets were slightly weaker ia
the carly trading last week. with press
Ire 20 sell based on heavy primary re
Gepts. Cash corn has been selling az
TIE biggest discount on May SO far this
season with cash demand light. although
Chicago reported sales OF something Ike
half a million bushels on Monday. in a
measure onsetting the heavy receipts
Witch Oh Tuesday were the largest Of the
season. totelling LIZA cars. Late In the
week there was more strength. caused Dy
inner cables giving shorts little scare
and causing covering Reports on FIJI
day were that 10000 bushels had been
sold in Chicago TO seabOard exporters.
In the local market there was slight
gain early. prompted By an official re-
port Of the Argentine crop. which made
the yield lso9J4 60 ushels. compared with
last years crop Of 273.70) 90, and placed
the exportable surplus at 100000. com
pared witt about 100000 so far shipped
from there this season. The unfavora0le
Weather IN tho West was also believed 10
be against the movement. and there were
rumors OF export demand, although no
business was reported.
: Oats have done little except change
so;a;lOns slightly in accordance with
&c movements IN wheat and corn. There
has b,en no life 20 trade either In cash
o futures. and the market has kept
within range Of a half cent all the
week The contract stock at Chicago IL
GOO bushels. against 113.oV1 year ago
a gain for the week Of 5000 bushels.
All attempts 70 induce the outside pub
Ac 10 take a hand in the cotton market
lave failed IN the last week. and specu-
Alton has been on only moderate scale
nth prices lower. The depression mas
teen contributed 10 by the dulness in
pot cotton. the situation ia the Bal
ans. the mix up IN Mexico stock market
eulness. long liquidation and a belief That
'cll manipulation has been overdone.
ceeine OF Monday Of about twenty points
vas recovered Oh Tuesday. but the rally
moved only d squirt. and OH Wednesday
ne sag continued.
that the bull campaign which aimed at
or u cent cotton has been complete
allure is admitted. and even the L cent
Htare does not seem 10 be attractive 10
ss.xders. On the bear side there are
aSuments that the sales Of fertilizers
900 mules in some parts OF the south
ave beer unusually heavy. and that at
tnyfhing like present prices largely IN
.'easec area will BE- planted. with bette
<rfning East making up for lack OF
Hcre acres
The export trade is not looked on as
-Aely TO help the situation much as.
sah0igh the figures for this season are
as'rt 5000 bales below those Of year
90 spinners' taAings have recently
Popped below those OF year ago, and
Y'nners are supplied with stock enough
|" last for some time. sim. IL should
y ftnembered that with bearish senti-
@0nt so universal there is a tendency 10
Tefoo the short SIDE. and the short III
sSest has suffered in a few short but
ARP rallies
nc slump IN coffee which closed trad
week ago held over into the week
- ended. and on Monday the drop had
ned prices from - 20 l43 points down
Nmm two weeks There were some
.slhss from this low point, but on
= e0nesday the bottom fell out OF tae
tserusry option on tenders OF Robusta
ss"ee on contracts for that month. the
rop being l. points. and no bids ut the
use o. trading. Transa ctions weTo