New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-18
CURSE OF WEEK
m COMMODITIES
xt,sat Makes New High
ss.,crds-Corn, Oats and
Cation Also Higher.

vas m erratio, nervous, ex-
-,sA With drop in the early
-. '.,,. s,1,ved BY soaring prices and
c..r.v+ly Unsuitable demand from
-4tS ramors Of an embargo
'.,s sssu drop on Saturday,
- however. by no means wiped cut
,.,.,'orsl gains made during the
80 rush Conservative traders
,,p.ous about following the sd-
y, zoo closely. 90 was evidenced by
e,sov,rinF o. hood Of stop-lOss
=, Ar re scsle down Of Saturday.
y,.s q TIE selling on the last day Of
u.r VS. due 20 reports that bill
'a'in- 20, prepared In Congress placing
- .Ssrso or some legislative Testric-
ne unchecked export OF the ma
- e-es. food staple, hut that eX-
80. we're not worried by this was
j - ~ fhs announcement that Chi
- sold 100000 bushels for ship
AZ d. March from = Gulf port, that
So, seaboard sales for export were
.ss-.,s5 Al 1000 600 bushels, and that
s-i houses we're free buyers SIS
.-,ss dropped $3.50, l., A.
/ -. .-ssire. based on reports that stif
"a Nebraska farmers had failed 70
- svt srv wheat. snd primary re-
..rts we're tire smallest posted for
grs months
f.. re coming week may be, Il is safe
- tbst tie commercial position Of
80. e ss strong az 70 ever has been,
10 not likely 20 become wesker from
;. .spss e. present in sight. Even
- fxports entirely stopped, the sur
-. 81 present unsoId In the country
-ors zoo large for domestic require
-. A. something less than war
-, WITH the Dar6snsllas opened
-, available Argentine supply in
'.-,sti-ion with American wheat, the
..J situation would still be strong, as
4. -s;lros6s have been too busy carry
:, .roops 20 transport Dsnubian whest
i, ,sesssib!e points, and freight rates
i-,- tic Argentine are not only a. al
-... prohibtive figures. bat bottoms
=, b,rd 20 get e. any price, and Aus
-,'S is esl..DC for supplies, although
~ vet connecting with Europe.
-, extent az the rise IN the last
,f,tb. even allowing for the setback
: Saturdays trading, may be seen In
:, fact tha. the last cash price FOR
u 2 REQ wheat was 81 81 a bushel,
.sirs. Sl2Sa4 on the same date OF
Is,fnbsr and 81 o. FOR January l6,
n! Exporters are sill in the mar
=. mills are anxious about supplies,
GAS il is nsnifestly impossible for
,vsls.ive wheels 20 move without
..-s delsy. spectators are likely TO
Any prices es much higher as pos
ne. even with q governmental in
,g.y on.
Advances IN corn. following de-
'.-s early I'm the week, were not suf-
,rsrt 70 satisfy the bulls. but the
-srss. was sustained largely through
- influence OF wheat, an increase Of
,,,iyitv in cash circles, encouraging
4ses and smaller offerings from the
l-gsntne There was good increase
ne export demand, caused partly by
3. fact that Argentine corn had been
slirg En- Liverpool st ! II cents over
re ANt1Il1A NtEtt4s .dNV No' 90"
srrse,ei 20 corn By It's big discount
--dsr Nav wheat One thing which
ended 20 keep the market within
.aunds was the large available stock,
r-ith is now 24,800000 bushels,
lrs.nst l6.30000O q year ago, and II
Ess noticed that on every bulge there
Tu 81 increase % country offerings.
Tie close of No. . mixed. cash, s0Ss C.,
VS. nc. above the price OF month
40 and sac above that OF a year ago.
there we're liberal export sales OF
,sy both a. Chicago and on the Pa
tic Coast, ss well as the Atlantic sea-
totrd. and prices followed the move
zen, o. other grains, declining early
lrd recovering IN later trading, scor-
.,gL net advance for the week. AS
nth corn, country offerings increased
VIII wery advance in price, and this
h7sd 70 check any sharp bullish spec
sI:ion. Prices a. the close showed
rin Of 5izc over the same date last
month, and a. seize. for No. 2 white,
Nzpsred with z5c. At the same GATE
Ir year
Flour prices have been marked to
lela, corresponding 70 the advance IN
r:ss;, but this has tended 20 check do
ru;c demand materially, and the
t-,ss Of the mill people IS based
strly on ths increasing export call
t:srss have come East TO the efect
eii bakers IN Chicago nave threatened
y close the.r shops, owing 20 the hlgh
f-i,s c! -four, and that attempts have
e;l made 10 force stale bread on the
erket In the mean time production
the three big Northwestern milling
s,,lel was only about 1000 barrels
tsfs than For the previous week, al
Rough $1,000 more than In the same
t,ss lsst year. Closing prices for
ttneapois patents we're 81 25, sgeinst
t@ a month ago and 81 go year
ip
In the Cotton Market.
Vile there was some irregularity IN
e' eotton market during the week
esre was, on the whole. an undertone
strength which manifested Itself IN
'h.i gain and an increase in activity,
MA marked broadening OF trading
i,c outside interest. Trade conditions
ave improved, there was q noteworthy
ssiesse in The exports. and while there
considerable hedge selling at times
y southern interests, the slumps were
eiinly due 20 profit taking. The Cen
.a' Bureaus ginning figures were IN
sprs'ed bullishly, and in spite OF the
sassnsus % opinion that the crop VIII
= ne largest ever gathered, Southern
'ssi markets have held up fairly well
ltlt O. reduction Of acreage in the
ees'h seems 20 be substantisted by the
taaesd SAFES o. fertilizers for the com
q planting season. and there have