New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-31

No. Q mixed. 90 cents, compared with
s2lb cents month ago, and 'he s"n'o
figure for year ago.
Heavy EXPORT sales of oats made mat
market only a little less active IMAM
wheat, and a new high level Tor the sea
son was reached. with farmers holding
for higher prices and France ana per
eium among the bidders. Inc ACTIVE
domestic trade was also feature anu
practically the only declines oil 'he
week we're due 10 profit taking NO
white closed in the cash market ~ oo',
against 4ii4c a month ago and 4''tc AT
this date last year.
Rive and barley also showed an up
ward trend. the former on the as
sumption that the foreign demand
would absorb all the available surplus
of this country.
Cotton Conference and Report.
The two features of interest in the
cotton market are the government re-
port. due to-day, and the first con
ference of the representatives OF IN"
New York and New Orleans exchanges
and the Liverpool Cotton Association
on the settlement of outstanding IN
ternational commitments. The last
previous report covered the condition
70 July %, was bullish in its tendency.
and would probably have boosted prices
had the exchange been open the next
day. Present indications. however, are
that the report will be of a bearish
nature. due TO the brilliant prospects
for the crop, which now bids fair TO
be of good proportions. Although
speculation in futures has been stopped,
there have been several sales of dis
tress" cotton on a spot basis at from a
reported low of &c in Texas TO sac or
&c in the Augusta, Ga. market. These
prices are not accepted as being the
true value of the staple, however. al
though they show that the prices OF
futures could not have been main
tanned at the level of July 81 if the eN-
change had remained open.
The announcement from Washington
that the government had decided on
what practically amounted 10 n valor-
ization plan for the relief of growers
was regarded as indicating an early re-
sumption of the cotton business of the
country, although the question of price
on which the proportion of emergency
currency would be issued against ware
house receipts has not been settled.
Some want the government to name
price. and so get things moving. while
others contend that issuing banks are
in better position to determine the
value of the staple on which they will
advance 70 per cent. The question of
New York Liverpool straddles will
keep the local trade busy for a little
time, but it is expected that an agree
ment and working basis will be reached
in time to avert any very great loss.
Just as they stand at present Liverpool.
has the best end of the bargains. but
the trade is in too precarious a condi
tion at present TO allow of much bag
Cling over anything except points of
very great Importance.
Sugar Quiet but Firm.
The sugar trade has apparently
settled down TO await developments, al
though there is no weakness apparent.
There nave been some recessions from
the top prices of the bulge, but they
have been due mainly to the fact that
run down supplies have been replen
ished and the demand from Europe has
slackened a little. Europe is credited
with having bought large amounts of
new crop Cubas for shipment in Janu-
ary- March, but local refiners have been
busy with old contracts and new BUSH
ness has been small.
Coffee has shown some advances with
general supplies running poor and de-
sirable grades held at good premiums.
Although the exchange has remained
closed. there has been a little unof-
fetal business on the Front ST. curb,
and September notices for about $4,000
bags came out, but were promptly
stopped.
Produce Markets Declining.
Except for butter. cheese, eggs and
hay. the country produce markets last
week ruled easier, and prices showed
many declines. Fruits especially have
been abundant and cheap, potatoes are
chaper. poultry, pound for pound, is far
cheaper than meat. and there has been
a glut of small vegetables. which have
been forced out at almost any price.
Live cattle and dressed meats also
have had a downward tendency in the
wholesale markets. and supplies have
been ample The reductions have not
been enough TO affect the retail trade,
and how long they will hold is matter
which cannot safely be predicted. The
difference in price of good TO choice
native grass fed steers between last
Monday and year ago was only co 10
20 cents a hundred pounds, or less than
a cent pound live weight. The in
creased loss in dressing, owing to
smaller sizes and weights, has been
estimated at :. cent pound, making an
aggregate increase OF less than two
cents a pound, with reasonable margins
provided for. The difference between
that advance and the higher cost of
steaks in the retail shops represents
an increase If profit somewhere along
the line not justified by the first cost
of the beef
DADTC D0TTDCC