New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-06
CROP MARKET REVIEW
Grains and Cotton Tending
DoWnWard-Coffee Advances.

were all on lower levels. the sentimental
influence of the signing Of the tariff bill
accounting in large measure for the de-
cline Of Saturday. There has been fair
export trade In wheat. with North Ameri-
can shipments for the week Of s.s76.ooo
bushels, against 4.5ss.ooo week ago and
$4,000 last year. There was some COW
ering at times on decreases in Chicago
stocks and tho visible supply. but the
bulges were shortlived. Foreign crop sta
tistics also have affected the local mar
ket, one of the influences being an In
crease of 100000 bushels In Russia's ex-
portable surplus over last year There
were runors In the late trading that
Argentina was preparing TO do away with
its duty on wheat and an tntimation that
Canada would not be far behind with a
similar action. Last prices OF No. red,
cash, were 8 cents below last years fig
ures of the same date. Corn prices have
been reduced. although. ike wheat, the
market has had spells OF firmness. what
bullish sentiment there was practcally
disappeared In the late trading. and al
though there have been smaller offerings
from the country, one estimate OF the
crop gave the seven principal states Nv
900. 600 bushels more than they had been
credited with. An estimate that there are
20 per cent less cattle and 10 per cent less
hogs or feed this year than last, pointing
TO a reduced demand for feed purposes
also affected the market. To this was
added on Saturday the opening OF the
American market to Argentinas surplus
which. however, Is not large and Is not
expected TO affecs this market the
available supply in America Is put at
s.75s,OOO bushels, against 4,227,oCo a year
ago and 7.774,000 in 1911. At the close OF
trading bearlsh sentiment seemed 70 oe
dominant. Oats followed the lead OK
wheat and corn, declining under pressure
of stocks at home and heavy orers OK
Canadian. The contract stock at Chicago
Is bsl5,0o bushels, against only ls2,Wo
wear ago. and the cash market Is quiet
Last sales of the week were at '%to o'e'
the price a year ago for NO "hieo oi'
spot. -.
Flour has been in better demand al
times. but business on the whole mas peei'
moderate Buyers are only purchasing
for immediate needs, and the market
seems TO be awaiting Developments Ihe
production at the three Northwestern
milling centres last week was A'o'o'o
barrels. against 465.2l5 barrels the pre-
vious week and 473,3s5 barrels year
ago.
Cotton's Sharp Fluctuations.
High record prices for this season Oh
the year were made In the cotton hiaIno'
on Thursday before the government TO-
nort came out with october contracts
touching 14.1sc. There mad been oreaA
ON TUESDAY from the high OF the pre-
v,ous Saturday but wave OF puylhs re'
covered that loss, followed by ciimo "
the figures given. The lao limit ana the
government report found the market over
bought. and there was q slump OF 20 ~
an no,nts I'm the rush Of liquidation sales
nrices going back 20 practically the 10"
ieva, ~ Tuesday. The heavy ginning ne
ures, which gave rise to behei Una. 'I'
crop had been underestimate, were heipei
I'm the scale down. and on the cohui'io'
e,,,res ot s4.1 there were crop estimates
rnt ont ranging from 100000 bales u
"A. 600. 900 bales. II was noted that ever
,,ate except North Carolina and TeNas
had larger ginning figures than ever be
fore for the period, and that ARKANSAS "no
oklahoma made new records. Bulls no"
aver still believe that WORLDS heeus "
"a 00O. 600 bales will show the marheu uiS
ro-,tv between requirements and crop hs
,-es and the statistical position Is con
s,deraa strong. While tne lac INN,
saor,ad 10 be about all the market couio
.,ard and apparently discounted all tht
hullish crop features, II was holeu u'A
consumption is large, spinners taNiIe' q. :
,iheral and their stocks are peiie'eu "
s,,au and cotton goods are In eHceiieh'
donord and firm. Jobbers. retailers CON-
,.or,ars and the manufacturing trades are
Lii, for goods for immediate delivery
-, s,oc,ss ara smaller than they nave
heen IN many years. In some inS'""0e-
,bev arc smaller than they nave ever oee'
In the history Of large producing orsanl
cations. Staple domestlcs are paFu'u'a,
=. rce and many OF the largest miii'
~. so,d ahead for the next three montfs
sale, are restricted because OF the nfi'.eo
~,oo,,s but contract orders are peconins
80 numerous In all quarters OF tht
trade.
coffee Firm and Higher.
with one exception, every day las
- rscorded an advance In the prices
=, co,sss futures, although there were
some violent breaks and recoveries' IN,
market had most active anu e~c,'o.
wask and while roasters are creo''ep
m,,h having sold some heavy DOCKS u
rs been evident that strong interests
h.,,a AZ the same time been accumulauha
,oro line. and this has attracted OUT
ia. huying. The foreign markets nave
generally ruled firm, ana INC sene'a
tenor OF Brazilian crop reports mas peer
ANYTHING but reassuring WINE 'hc spo'
u,orra, has been comparatively quiet
Enc rise in futures has carried spot prices
80 a,so Europe has been STEADY nuye'
=. tbis market. and there has been some
a.gr.ss,ve bull manipulation on ootr
sides Of the water. The bull movement
however, has not entirely disposed OF tn'
nsar,sb sentiment and the movements Of
,hs leaders are being watched carefully
Ano.her feature OF the situation Is th'
Goo, that interior stocks are runhihs
down and buyers are limiting their oe
nards to immediate requirements Inn
/ '' lid hafore hut Is or Spe