New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-27
COURSE OF WEEK
in COMMODITIES
Grain Markets Active and
Higher-Cotton Breaks
Coffee Easier.


and gain in prices. the range as a whole
was higher with comparatively light re-
ceIpts, cold weather in the Northwest,
which hindered seeding. hot and dry
weather in the Southwest, where there
was need OF rain. and green bugs and
Hessian flies causing something APP
preaching a crop scare. The war news
has been discounted as legitimate FAC
tor in the course of prices, although
the possible shutting off Of the small
shipments of wheat, corn and -four made
10 that country should have, II any
thing. a bearish effect, as reducing the
export outlet just that much. Late In
the week there was a falling off in the
demand. with a reduction Of selling press
ure due TO changed weather conditions.
The strength in corn had some erect
on wheat, and although there was re-
dictionary tendency manifest preah
was checked by heavy shipments into
ccnsurptive channels and continued
light receipts. Exporters received some
fair orders at more favorable limits al
though some were not large enough 10
admit of business. Stocks in Northwest
ern markets will likely be considerably
reduced this week. and there Is possl-
bility that reduced supplies from AT
gentfna. Australia and India VIII cause
sufficient nervousness among EhsNsh
dealers TO create a demand for American
wheat although large shipments may be
expected from Russia and the DANUBE
Domestic crop prospects are or the most
favorable nature, with the Abandoned
acreage said to be the smallest on recoru
Corn has been subject TO some broad
changes in price and at times violent
fluctua tons. a slump early in the week
being moro than recovered in the late
trading. The early drop was due to
heavy offers from the Argentine, quota
tions at one time being as low az e2c'
C. |. f., New York, for June shipment
The depressing effect on prices caused
by this was added to by the improve
mcnt in the weather. which made TOT
better pasturage and decreased the
amount needed for feeding farm anil
mails. at the same time adding to the
planting acreage. The extent Of the Ar
gertine supply may be reckoned from
the statement that one New York broker
was Offering 100000 bushels in lots to
suit at the lowest prices Of the season
Late in the week news from the Argen-
tine became bullish, owing to heavy
rains. and the local market became
stronger. as short sellers were disposed
TO take profits on an Improvement in the
DriNota "a bIp gQ-
vices from Argentina reported torrentlal
rains. which were said TO be threaten
ing the quality of the corn, and said That
10 per cent Of the crop is affected. IL
is also predicted that shipments will be
small for the next three weeks, ana
local handlers Of Argentine corn SAID
that a considerable premium had been
paid for the privilege OF cancelling con-
tracts for April shipment. Western cash
markets were Grm and higher. and the
heavy shipments from interior points,
which showed an increase OF more than
100000 bushels over the previous
week, were a good illustration or the
improved cash demand for American
corn. Last prices of the week showed
sharp advance.
Oats have been less Influenced than
usual by the action Of corn. but prices
have advanced. mainly on unfavorable
crop reports, with much OF the South
western winter seeded acreage said to
have been abandoned. Late in the week
tho Improvement was aided by an In
crease in the cash demand, with an adj
vance Of about NC in quotations for
futures.
There is little change TO note in the
market for -four, buyers taking only small
lots for current needs, and business in the
Northwest is generally unsatisfactory.
The close, however, was firm, with some
speculative inquiry.
The Late Break in Cotton.
All sorts Of bullsh arguments were
made early in the week to advance the
price of cotton. including an attempt TO
create a war scare. unfavorable weather
reports and a statement that the world ;
needs next year would call for crop OF
10 10000 bales, with no assurance that
such a crop was likely There was a
steady advance up to Friday afternoon,
when the market broke IS to 10 points
and closed weak, the drop continuing into
Saturday. when the close was at the low
est of the day. 1t was noted that con-
servative traders paid little or no atten-
ton to the bull arguments and that there
was no speculative buying by outsiders,
while at the same time there was consid-
cradle selling by trade interests and wall
Street houses. Reports from the drygoods
trade showed no fresh feature beyond
some increased activity in heavy cotton
goods of the sort suitable for army pur-
poses. Generally speaking. demand at
first hands seems TO be comparatively
slack. and there has been further talk OF
curtailment, owing to accumulated sup
niles of yarns. Western drygoods dis
tributers, however. report continued ac-
tivity. and one Of the leading Chicago
houses said that road sales had shown an
Improvement during the last week.
Coffee Steadies Little.
The coffee market was quiet and easier
all the week. with prices fluctuating with
ing narrow ranges and the trade prac-
ticallv marking time. In the late trad
ing there were some signs OF bull support
and there was talk OF the possibility OF a
duty on coffee II the Mexican trouble was
prolonged. Receipts at primary points
continued liberal. and the trade seems TO
be looking forward TO developments in
connection with the picking OF the new
crop in Brazil, which will begin next
month.
Country produce markets have shown
considerable steadiness although declines
have been noted in some OF the Southern