New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-16

the season. before reports OF loss in Kan
sas and Oklahoma came in.
There have been rumors of extensive
export sales. 100000 bushels being cred
tied to Duluth. and the stock at Chicago
declined S54. 600 bushels last week, leaving
il only 1885. coo bushels, against 1882
900 bushels a year ago Seaboard clear
anccs have also been heavily in excess OF
those for the corresponding week last
wear. Prices for the various grades OF
wheat are, even at the advances of the
last week. from 10 to - cents bushel be-
low prices 2 year ago.
Corn prices have touched now high rec
ords for the season. with good buying OF
the July option and selling Of September IN
this market AS rule, traders have been
cautious but the upward sweep or the
wheat market has carried the heavier
grain with il i'm many instances. II Is said
that the larger part OF the corn arriving
here has been needed 10 fill contracts ana
that with little corn remaining available
for shipment eastward there is every pros
poet for still greater scarcity than is felt
at present before the new crop becomes
available.
oats also have reached new high Levels
for the season, with crop reports con-
flicting. and many dealers holding mat
there was large overestimate OF the last
crop Speculation has not been active
compared with other grains. but bullish
sentiment controls the market. and with
the government estimate OF crop OF
i.1Oi. 10000 bushels, against l.fs.S3Ioo
bushels a year ago. traders are not look
ing for any material reduction from the
present level
The flour market is I'm waiting posi-
ton. with traders apathctlc, and nc"
-four offered at prices not much below
the old crop Production at the three
principal Northwestern points last week
was 39O.JO barrels against $4,000 the
previous week and 3O9,O90 last year.
Cotton Firmer and Higher.
There has been lot OF manipulation
in the cotton market in the last week
old crop shorts being the victims OF
forced covering movement in July and
August contracts Local and Liverpool
interests were engaged in the movement,
which had for It's foundation the shortage
OF local contract stocks. caused by the
shipment Of about 5000 bales taken up
on May contracts, with 1000 bales added
from later deals
The report OF the Census Bureau
showed an Unexpectedly well sustained
volume OF domestic mill consumption.
During Nav the mills consumed 5l0,tl6
bales. comparing with GO3s0 during April
and reduced their stocks from l,Ii6.oll
bales at the end of April to l,5o5.251 bales
by the end Of May. Should the present
rate Of consumption continue, the domes-
tic mills had about enough cotton on
hand June 1 TO supply requirements for
three months. and should they allow their
stocks 10 run down 20 only month :
needs. they would still need to take about
90 90 bales between now and September J.
Coffee's Heavy Decline.
Except for A solitary spasm OF reaction
OF Friday the coffee market has done
little more than make new low records
for the week. and al the close OF trading
was weak and unsettled. The whole tut
ure list has gone into the 9-cent field,
and even spots have shown a material
reduction. Large roasting concerns are
credited with having sold coffee. and
some depression has been caused by
roasters refusing TO take other names on
September trading and let commission
houses out on their contracts.
- cTnplIpE nrpcrnf
and prospective are ample and, With
foreign markets practically demoralized
on SATURDAY. with sales reaching large
figures. there was absolutely nothing 10
hold the market up 10 the gain or Fri
day. The result was that the short ses-
sion was extremely active: At its close
what little confidence had been shown
was undermined, and there was no one
bold enough 10 predict an immediate
change for the better. The weakness
here has been added 10 by weakness IN
Brazil. where cost and freight offers At
lower figures have been taken up, and the
slump in European markets. which we're
sellers here.
The drop in potatoes and the steadiness
OF butter and eggs, quantities or "hich
are going into storage, have been the
features OF the country produce markets.
Small fruits are coming In plcnufully and
command good prices when OF good quail
ity but considerable has been either re-
fused or condemned in the last week as
being below the standard. There is
good market here for really good stun
but it seems hard for some producers to
get over the idea that any old thing viii
20 in New York II Il IL only little
ahead OF the regular season. This APP
plies 10 vegetables as well as the small
fruits and is constantly being verified.
Livestock nd dressed meat prices have
gone steadily though not heavily upward
I'm the last week. except mutton and lamb,
which have held unchanged, while live
Lambs have gone up more than 81 hun
drcdwoght. other changes have been
fractional
The general trend of prices in the week
has been upward. The Tibune's tabula-
ton Of twenty-four articles showing that
tho spot wholesale cost mas advanced in
fourteen instances. declined in five and
remained stationary I'm the same number