New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-02

clOScu WIN NO. mlNed AT S0&c, FAC
above the price n month ago, and lOc
below the high of August 10.
Moderate gains have been made by
oats, based mainly on fair amount
of export business, liberal purchases
of December having been made in
Chicago. Strength was given to the
market through small country offer
ings and consignment notices of little
account. There is an apparently we'll
grounded belief that export business
has been done secretly and is much
larger than has been announced, ds
one Chicago house is credited with
having sold 100000 bushels for OK
port, mainly by way of Canada, with
100000 bushels reported sold here
on Friday. The close of No. 2 white,
5434c, was &c above the price month
ago, but about &c under the high Of
September 5.
Trading in -four has been only mod
crate for home consumption, but there
has been considerable export business,
and spring wheat -four is held firmly.
Many in the trade hold to the belief
that the prolongation of the war is
bound TO result in higher prices and
are shaping their course accordingly.
Present prices for Minneapolis patents
are only loo above those of a month
ago, but are 81 80 higher than they
were last year at this time.
Conditions in Cotton.
After long period of depression and
declining prices spot cotton markets in
the South in the last two or three days
have shown a hardening tendency, with
steady upturn in prices and smaller
offerings from planters. This has been
due in large measure TO the gradual
clearing away of the clouds which have
overhung the reopening of the local eX-
change and the almost assured success
of the pool plan. While the liquidation
of straddles with Liverpool has been
delayed by the reductions in price
there below the limit set for closing
out the deals, this phase of the ques-
ton has now been relegated TO minor
role, and the fact that farmers have
been able to hold on to their supplies
with increasing strength has been the
dominant feature. The gain in spot
prices is the more remarkable, coming
as il does so closely after the uneXpect-
eddy bearish showing of the Census Bu-
reau's report, which was issued on
Monday and showed exceptionally heavy
ginning figures. There are several mat
tiers of importance coming up in the
current week, among them being a meet
ing of members of the local exchange
to-day TO consider the new rules re-
Gently adopted by the board of manag
ers. There is also due "A report on the
Clearing House Committee and the
details Of the syndicate plan TO finance
long cotton and reopen the exchange in
the near future. The export movement
is expected to increase very soon on
the declaration by England that cotton
will not be considered contTaband Of
war and authoritative statements that
Germany and Austria are anxious to
get large amounts Of the staple month
ly for a long time. Latest figures
showed an average advance in Southern
spot markets Of about a cent a pound
from the low prices recently prevailing.
Trading in cotton goods improved
during the week. Values on gray goods
were stronger and higher, and substan-
tial contracts have been made for de-
liveries of goods 10 extend through
the first half of the year. Jobbers were
buying very moderately of staples, but
the manufacturing trades were more
active. Prices on some lines of wide
print cloths are &c. a yard up from
the extreme low points, and mills gen.
orally are not ready to do business on
the present level TO the extent that
buyers want. Sheetings were low and
quiet. There was an Improvement in
export demand and several requests to
ship held-up goods were received.
In Other Markets.
Increased strength has been shown in
IL II
spot has been limited owing TO the fact
that heavy arrivals of cost and freight
from Brazil have gone straight into
consuming hands. The local curb has
shown slight gains, but the difficulty OF
fixing exchange on London has inter-
fered with free offerings from Brazil.
The announcement that the Metals
Exchange is to open in a few days for
dealings in pig iron is regarded as a
hopeful sign for the trade, and prices
are holding steady in most instances.
Country produce markets, except for
the finer grades and higher qualities of
stuff, have inclined to weakness, al
though apples and potatoes have held
steady, with fine table grades of apples
in good demand. Strawberries from
California have made their appearance,
but are not cheap. In the live cattle
and dressed meats markets prices have
been firm and in some instances higher,
prime cuts of beef having been adj
vanced 12c. in the week by one large
packer. Fine calves and choice lambs
have reached high figures, but hogs and
pork products have not shared in the
advance. There are expectations Of
heavy receipts OF hogs at Chicago this
week, and it is expected that prices
will be somewhat easier, even if no
Il Ioc1iroc ora noted