New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-06
CROP MARKET REVIEW
Steadiness the Rule, with Small
Price Changes.

Sllgnt advance IN wheat at the close or
trading. Worlds shipments decreased
nearly $4,000 bushels for the week. and
the amount afioat for Europe decreased
more than n million bushels. These facts
caused a rather bullish sentiment abroad
and had a strengthening influence mere.
This influence was aided by signs OF I'M
provement in the export demand. ana
there is general impression that Eu-
rope will require large amount of
American wheat to mix with inferior
grades. The market as whole. how
ever. appears TO be in a waiting posi-
ton and some operators expressed the
opinion that it will require some new
development to inspire any enthusiasm
on the buying side.
The Australian crop. according to the
revised figures, is rs, 10000 bushels, against
20. 202, 600 last year and crop reports from
India and the Argentine are OF oearlsh
nature with bullish advices from RUSSIA
Germany and France.
Corn traders are also in II waiting MOOD
although there was an advance and some
firmness in the latest trading Of the week
While the crop is the largest on record
the price is about 10 cents busnei less
than 1t was a year ago. and the avail
able stock is only slightly larger the
difference being about 10000 bushels
There is every prospect that consumption
IS going to keep pace with the size Oh inc
crop. and commission houses seemed en-
tirclv willing TO buy when cash houses
started e selling movement.
The steadines of the consuming demand
Is shown by the fact that wiile last
weeks receipts showed an increase Oh
434. 900 bushels from the previous week.
the shipments were 10000 bushels more
This. with reports of an improved expert
inquiry. accounted for the bullish feature
of Saturdays trading.
oats have been steady with the other
grains. the December option at one time
showing a premium Of "a. cents over
May Many operators think that the
enormous crop will make itself felt be-
fore long. but at present the available
supply of American oats Is only D,"Oo
bushels. against q, 10000 two years ago
and Chicago holds only l,yeS.eO bushels
Of contract stock, against S,12l,Vc year
ago. Last trading OF the week showed UNI
important price changes
rye and barley have held quiet but
steady
\ little excitement IN the January op-
ton in cotton was the principal feature oil
the market for the week. the usual year
end dulness prevailing. The spot situation
has been firm. and shippers have not found
# easy at all times to al their engage
ments on Monday last notices covering
some $4,000 bales were promptly stopped
by spot interests. and in the face of this
the January premium over March was in
creased from to f. points, and on Thurs
day it reach 80 points advance.
Reports Of sales Of fully 100000
worth of heavy cotton goods by southern
mills for shipment TO China snd that this
had provided an outlet for the entire pro-
duction OF certain mills up 10 the middle
OF July were not fully credited here. out
IL was pointed out that recent consular
report stated that a prominent Chinese
importer was making an EFFORT TO push
American goods IN competition with
Lancashire. and this gave the report a
foundation strong enough to firm the mar
ket up near the close Of trading on Satur-
day. No material change was made IN
the general market view. however. ana II
is believed that the trade is still awaiting
Developments which will give clearer
view as 10 the ultimate trend OF prices
Coffee trading has been dull and feat
ureless. with the bears having a slight ad-
vantage in the matter Of opinion. In
terror dealers are not Impressed with the
situation. or talk Of smaller crops, In
view Of the continued liberal receipts, and
are buying only from hand TO mouth.
The statistical position has not worked
out az the bulls predicted, and as from
700. 900 10 5000 bags Of valorizaton
coffee are expected to be sold here soon
bears have at times sold with much con-
ddence The close Of the week found the
foreign markets all weak and lower and
the local market barely steady.
In the country produce markets the
nrincioal feature is a drop % about four
cents a dozen in the grade OF eggs known
as fresh gathered, with other grades az
fected in less degree. Butter ana
cheese have held about steady. the for
mer showing little weakness In the late
trading. Vegetables have declined, as
rule. especially the Southern products
many OF which have arrived here In poor
condition and unfit for the New York
market Small fruits have had only small
price changes, dependent upon the daily
fluctuations Of supply and demand.
The market FOR livestock has followed
out in the beginning Of the year the rec
ord it made in the year Just ended, and
prices have scared, especially for veal
calves, which have advanced an average
Of 81 a hundred pounds over the previous
weeks figures. Many butchers believe
that rushing calves TO market, even at
the prevailing high prices for veal, is
mistake. In view Of the enormous corn
crop much of which might be prohtably
used for feeding The prices OF the
dressed products have advanced fraction
ally. not keeping pace with the Increase
IN the cost Of livestock.
The price changes on twenty-five arti-
cleo Of current consumption for last week,
as compiled by The Tribune. show an al
most even break, as twelve have increased
while seven have decreased and six re-