New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-10
CROP MARKET REVIEW
Grains Irregular, but Close
Hiqher-COttOn Also Gains.

There was little In the course OF inc
wheat market early In the last week TO
give encouragement 70 either bulls or
bears. Price fluctuations were small, and
the variations for the first three days were
less than a cent a day. On Thursday,
however, the May option passed the dollar
mark. receding a little on Friday. on
Saturday. i'm the last hour Of the short
day, a war scare from the Balkans drove
nervous shots to cover, and with a decided
hrmness evident prices closed at the top
OF the week
There had been anxiety over weather
conditions I'm the Northwest hut 1t was
disspated by seasonable weather taking
the place OF the extreme cold. Drouth In
India caused some European worry. but
offerings from the Argentine were liberal
On the ground that -four IS decidedly
cheap. compared with other foodstuhs,
especially meats, some merchants seem
10 feel that the time is not far distant
when interior receipts Of wheat will be
decreased materially. and are inclined 70
tie optimistic regarding prices. especially
as the small increase in the visible shows
a huge consumptive and export demand.
Total receipts az interior points last
week were 5l7J.co0 bushels. compared
with 6.el7.Oo the previous week and 2.St6.-
600 last year Interior shipments in the
same time showed a falling off OF 2l9.eO
bushels. with seaboard clearances 1,l42,-
90 bushels smaller Total worlds ship
ments. however We're lj.72S.000 bushels
against llsiOO00 the previous week and
7.12.c)O year ago.
Corn. like wheat. moved irregularly
early in the week. with continued heavy
receipts an element of weakness, but the
Increase in the visible was much less
than had been expected. On Thursday
however, there was a Strengthening or
the market, which held over until Friday,
with a reaction in the afternoon. Satur-
DAYS trading was under firmer condl-
tons and a sharp advance, with leading
bulls aggressive and shorts active buyers,
gave the market gain of l2c at the
close.
The fact that a heavy increase in the
crop movement was readily absorbed had
considerable effect on traders. coupled
with a Dullsh situation in the Argentine
where the exportable surplus was de-
clared 10 be only about half Of last years
total. The size Of the domestic movement
NAV be Judged from the fact that In one
day go cars of corn were received AT
Chicago, against 3i2 on the corresponding
day last year. and the consumption Is
shown by the fact that the contract
stock IS now only $1,000 bushels, against
2Si.0oO bushels year ago.
z ho
other grains than usual, owing 20 the
smallness OF the demand, although at
times prices have shown weakness. There
were few striking features TO the market
throughout the week until Saturday, when
evidences that the market had been over
sold became so strong that an active COW
ering movement set I'm. and the close was
firm at an advance OF i2c
Flour has been quiet. with the North
western mills reporting a light demand
and large stocks the chief cause of com
plaint. Buyers are purchasing only from
hand to mouth. and there is no likelihood
of any immediate advance in prices. In
fact. some Of the big mills are shading
prices in order to effect sales.
Cotton trading has been dull and
featureless. although late in the week
bullsh tendency was manifested, and
prices. especially on the May option, adj
vanccd to 1888 cents against l2ciS the
low of Monday. Spot sales have not been
large. but prices have held firm. The con-
dition of the textile business has been a
prominent factor in the market and New
England reports. indicating a better de-
mand have been encouraging. although
rumors that some Of the Northern yarn
mills were receiving requests for the can
collation. of yarn contracts had dis
ouieting effect, and local bears contended
that the transfer OF a couple OF large
steamers engaged between Gulf ports and
Liverpool to tramp charters suggested a
falling off in exports of cotton.
Tho boil weevil in the last year has
gained foothold in 1890 square miles
more Of territory than il covered year
ago. the area affected by IT now being
27S. 900 square miles, according to the De-
partment of Agriculture reports. This,
so far as it goes, is on the bull side. while
the possible resumption of work by the
striking garment makers in New York
will probably increase the demand for
goods and consequently the consumption
OF the staple
The weight of the valorzation coffee