New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-28
COURSE OF WEEK
IN COMMODITIES
Wheat Leads Advance in
Grain Prices - Cotton
Firm-COffee Dull.

..,,s.asnt .1 tho week just closed, and
...5irr most Of the time wa. fcverIsh
.,t unsettled. There was setback ON
Wednesday. but 10 was overcome 'n
.-..r,sav's trading. and tac increase
go. added 20 after some sharp 8uc;ua-
lin the half day Saturday. The de-
I'D from Europe appeared 10 be with
limit. either as 70 quantity or price,
IA che feeling Of frmness due 70 this
added 90 by news that the Argen-
~. ,rror.sb.c surplus would probably
a.. oooo0o0l 90 100000 bushels less
had tecr counted on. An impor-
,.s- r che weeks news was the
.'-..,.r..n..t chat France had asked
,. yo-. ..r seeds FOR late planting OF
w ..-s.I CROPS, those that should be
. ,-., the ground by next March. In
t-.,...,oY with this the steady Euro
ear nuvi-g OF futures 10 strong bull
,'e.nre Of the market.
Fov the second week IN succession OK
-. Of wheat and -four aggregated no
,., than 1900. 900 bushels, and a.
.torgb the American visible is about
Ia 000 900 larger than year ago, the
.-.Fo, is 5000 600 smaller, so that
.r. net increase if nothing remarkable,
-f Ire claim is made that when all the
.f,r,arts OF she crop are considered the
..I EMMY is Jess than has been estI-
,.s,es az. country offerings all over
To bel. are light For instance, r
..o-+bvfstern althoGty is quoted as
.,s.irr that tee spring wheat require
emit. Of the United States up 20 Au-
..,.- 1915. arc 1f2.000,000 bushels,
,sUe the supplies are only S0,0OOOOO. +
...b tte deficiency o. 100000 bushels
20 be made up, possibly, By the South
western state.
Tste trading was dominated by the
,oi,3ay spirit. but while u was on a
mailer scale. there were some errstio
md violent price changes, with the gem
s-sl tendency upward, diminishing re-
ls,rts al country points and heavy
.iiouents into cOusumptive channels,
5otb domestic and foreign. With a
Prospective decrease 80 the visible fig
res to-day there ls a great deal of
,ienifcance for the market IN the claim
hat exports and clearances, with sales
tor nearby delivery. have aggregated 50
Jar this season close 20 2oO,OOO,OOO
bushels. which was estimated 20 be all
this country could spare. and when one
exporter IN Duluth admits having sold
IN the last two weeks no fewer than .
tWenty-seven cargoes, or more than
100000 bushels, the extent OF the
drain on American grain resources be
gins 20 be apparent
I'm corn also there vas considerable
.rrecularity. but with wheat, the trend .
was upward che gains being made prin- 4
tpally through sympathy with wheat .
and strength in the cash markets. The f.
export demand has not been particu-
lariy active, and while domestic re- .
eeipts have declined the crop - 20 .
arge that any material advance Is not .
looked for. II is noted that some spec /
ulators have bought corn because 10 Is /
cheaper than wheat and oats. No. . .
mixed is az present about seven cents .
over than +, was year ago, oats are .
about the same amount higher and .
wheat shows an advance Of close 70 81 .
cents bushel over last years price al .
his time There was some stimulus 10 .
5uying in the belief that corn would 4
be more largely used as feed for farm /
animals this year and q cheap substi- /
ute is lacking. Late IN the weak coun- /
ny offerings increased, but prices con- /
rnued 90 advance
Expor. clearauces Of oats have been .
,arge; the visible decreased only 500, +
100 bushels, against decrease Of more .
han 100000 - year ago, but the total
AVAILABLE Us 500o.00) more than 10 was
q year ago. and holders have not been
'ackward about taking profits when .
hey were .1 sight ln spite Of oil this .
ne market has advanced. futures now
teing at premium over the cash ar
tte
Cotton Trading Active.
IN the cotton market the staggering
ginning figures issued on Monday had /
q pronounced bearish effect, but the
market soon frmed up, and In the face /
= d record breaking crop, quietness In I
ne domestic goods markets and other
rear Influences. prices not only held F.
rrn, but showcd gains. On Thursday, .
Fhen the advances since trading was
,s'umed bowed an aggregate OF about F.
(-H bale there was natural reaction F..
I'D considerable proht taking. But
1'strencrh ~ the market was shown /
ne recovery Of Thursday, and the /
asae IS somewhat puzzled by the stu !
atom
Large exports have been the nam
ay Of the market. and with Great
'hian and France agreed that cotton
no; con,raband, Germany in the
aILet for all she can get and find /
iansportaton for and Liverpool a
goo buyer. there IS a fair prospect
hat. O. soon as American mills are .
ilnnirg normally, there viii be big
.oies made i1 the enormous supply .
ne South has piled up. l. is not be-
eyed Do trade circles, however, that .
ne demand for investment and specu- .
awe buying outside Of the regular .
onsumptvc call, will be able 20 push
Fhees much higher than they are now,
wen though they are still below the
.''' Of product, on and marketing. This .
zone Will have a tendency 10 reduce
ne screaCe tcr next season, but ex- .
.s'S iaii Cd see reason for alarm IN .
cat a. they claim that the carry
T from ttis season viii Be enough
maze up Tor any reasonable den .
'sney 30 the next crop.
What Other Markets Are Doing.
u The coffee market trading has .
,h Gull, Hith q declining tendency,
tIhouga there have been shows Of
nhess % times Late Brazilian .
.teH were steady, bat the trade is .
r,eiertv awaiting Developments and
Using ame. The interior Is appar-
~ well supplied with cost and
sghi good. and little attention Is .
70 % The fluctuations Of futures.
rosniry produce has suffered from
aiess OF trade aud plcnitude Of .
pbti, and prices generally have .
-ya' lover levels. Much II the stun /
90
.dsr Butter Of the best grades
d d , ,te5 a no. The cen cane f. W@y dee be-
-'lea, ard large quantities. Of dressed 1
-y-'rg have been taken % the freez- .
70. fgf~a A. ,-I.r~ ~ ahfruera I