New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-12

receipts at primary points. The stock OF
contract corn In Chicago has been re-
duced to 10000 bushels, against 6SS,eOv
q year ago, and there has been decid-
eddy stronger feeling In cash markets, as
offerings we're limited. The local cash
price for No. mixed (65c.) is sc. under
the quotation of year ago.
Oats have shown more frmness than
the other grains. owing to weather condi-
lions, which have been unfavorabie for
planting, and some decrease reported In
Ohio acreage. The May option in the lat
est trading Of the week advanced 1hc, and
II lack Of rain continues It Y likely that
higher range will be established. The
contract stock nj Chicago is 100000
bushels less than it was a year ago, and
the price for No. white, spot. in the
local market, which is 43c., is 20c. under
that Of May 3, 1872
There has been more strength TO the
cotton market In the last week, with
rather wide range Of quotations at
times. but practically the whole market
was based on weather conditions and
forecasts. Shorts have showed nervous
ness over the evidently oversold condi-
ton OF the contract market, and the ad-
vance from the low OF Monday was prac-
tically steady until the high Of the week
was reached, on Friday forenoon. when
May touched ll.5oc. AMI July n.62c. In
the afternoon, however, there was
slump of ten or twelve points on weather
news, which was partly regaiDed In sat
fridays trading, which, while OF quiet
character, was on steady lines, with the
advance gradual, but practically un-
broken. Planting is regarded as COM
plete over about 70 per cent OF the total
area, which is expected to be about
10000 acres larger than last year.
Coffee Gaining Slightly.
Coffee futures have been subject TO in
fiuences which late In the week devel-
oped into bull strength and left the mar
ket firm and higher, even with large
part of the trade suspicious OF buliish
rum0rs Much Of the local firmness has
been due 10 the steadiness OF the Bra
lillian markets, although the fact that
consumers are becoming somewhat APP
prehensiv6 regarding supplies. owing TO
the small amount OF coffee afoat for the
United States. has had some effect, es-
pecially on the Santos grades So Tar
little attention has been paid to the re-
ports that tho valorization case is likely
TO be reopened, as II Is held that the
greater part OF the stock in question has
gone into consumers hands. Near posi-
tons In futures have been stronger than
81, n
days trading being bids by one broker
for any part Of 1900 bags Of May or July.
In the country produce markets there
have been severa, reductions, notably in
butter, which has declined ll2c and
cheese. which has lost Sac, although esgs
nave gained q fraction. The markets
have been well supplied with early veg
etables. the first crop of the season COM
ing I'm late in the week. and the likelihood
is that lower prices will prevail except
for The very finest stock, which always
commands top prices In this market 1--we
cattle and dressed meats have declined
during the week. although the reductions
have been only in small figures the one
exception TO this has been LAMBS WHICH
have advanced little less than a cent
round, live weight The changes, now
ever. are only temporary, and there is no
prospect Of a permanent lowering OF
prices until conditions Of production ana
consumption are radically altered
The general tendency OF the spot wnoIe-
sale prices in this market for the last
week has been downward. taoulation OF
twen,v-four articles by The Tribune show
ing reductions in the cost OF thir'eeh,
while eight have advanced in price ana
three remained stationary.