New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-05
COURSE OF WEEK
IN COMMODITIES
Wheat, Corn, Oats and
Other Grains Decline
Coffee Weaker.

Several factors contributed toward A
state of feverishncss in wheat during
the week lust ended. the lack Of export
demand. large receipts and an unusual
Is small amount of speculation all
tending TO impart a downward trend
u prices. Saturday. however, strong
or tone was impaired TO the market
and prices closed up from the previous
DAYS quotations Belief that one or
more of the allied nations would place
large orders here for breadstutfs in
the immediate future brought about
the turning movement OF prices.
The visible supply OF domestic wheat
carly In the week was estimated at
S.56O.OO bushels, some 100000 bush
els IN excess of the predictions prior
TO the issuing Of th" report. The Ca
madam "isible supply was also excess
sivc. making the worlds total supply
15S. 668 600 bushels, all Of which caused
the market to be unsettled.
Exports during the week were fairly
heavy, clcarances from the seaboard
being particularly large. Early in the
week a total Of $4,000 bushels was
reached. Interior receipts for the
month Of September amounted to Co.,
30. 900 bushels greater thar those OF
Septcmbcr Of last year by nearly %
coo, 900 bushels.
Late i'm the week price fluctuations
became marked, but the general ton
dcncy was downward, offerings being
large and support Of speculative buy
crs moor In fact. il was believed that
the heavy offerings were due TO hqui-
dation by spectators despairing Of
rise in view Of the European situation.
Small demand the first days Of the
week caused the -four market 10 be
without any decided activity, but tow
ard the close of the period a growing
demand livencd business. A noticeable
feature Of the activity was decided
attempt i'm certain quarters to create
n demand for rye flour, food investiga-
tors declaring It TO be cheaper than
wheat flour and more nutritious. No
strength was attained by the move
ment, however, as there was little DIFF
ference i'm the relative prices. Export
buying was large, Greece purchasing
100000 barrels Of wheat -four at Kan
sas City on Tuesday, and two days later
St. Louis reported having sold 10000
barrels Of -four to one Of the warning
nations The total production of do
nestle mills for the week just ended
was 450,360 barrels, against 475,00O
for the corresponding week last year.
The market for corn during the week
remained dull and lacked wide price
fluctuations The trend generally was
in accordance with that of the wheat
market Crop estimates showed a ten
dency to increase. which fact. together
with the rather light export business,
aided prices along their downward
course. Weather IN the West was ideal
for curing the crop. An estimate Of the
country's crop issued at Chicago late
in the week placed this years yield in
excess Of that Of last year by nearly
4O,OOOOOO bushels.
There was little buying Of corn by
foreign powers. but il was believed
that any decided decline in the market
would call forth numerous orders from
the other side.
Oats followed other grains in price
movements, being unsteady and lower
during the first days Of the week, firm
er about the middle and showing some
improvement at the closing session on
the belief that European buyers were
about to enter the field. In the cereals
market the demand of a week ago for
rye and barley showed signs of CON
tinued strength.
The closing price Of No. . red wheat,
spot, Saturday, was 81 07s4, compared
with 81 1872 q month ago and 95c A
year ago. No. . mixed corn closed al
Sic, compared with 9Oi<c a month ago.
and 79c last year; No. white oats al
81 &c, compared with SIC a month ago
and 4Sc last year.
The Cotton Situation.
Southern spot cotton markets. which
had previously exhibited noteworthy
advance, showed sharp declines last
week. Prices fell from Is TO b cents
a pound at practically all points. bring
ing the prices down = to - cents
from the quotations Of the week before
last. The strength of the buy-a-bale
movement seemed To have petered out.
As "a result of the slump little progress
was made in closing out the large
amount of Straddle operations between
the exchanges Of this city and Liver
pool.
Following the break in prices came
the abandonment of the movement in
New York 20 form pool TO absorb all
the outstanding contracts on the local
market on a basis Of cents for De
cember options. The Cotton Exchange
remaining closed. no official transac-
lions could be recorded. although there
was some curb trading at which the
latest figures for the private sales were
reported as low as 100. Prospects for