New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-04
COURSE OF WEEK
IN COMMODITIES
Grains and Cotton Close
the Week and Open the
Year at Higher Levels.

i Y =
-,-. were some violent price
,rces in the wheat market in the
-, lust closed, especially during the
- trading. and there was distinct
,--.v.srd tendency, although the bulls
- ,lenty OF arguments to sustain
10. rositions. The selling which
- the declines was in great
..,ure due 20 profit taking for over
s.toli6sv. and the fact that the mar
n. was az a high range and country
...;,-s showed signs Of slackening
use 10 the impression that farm
we're inclined TO hold for still
,.-,.- rriees. Late in the week a
-s.-,er feeling developed, with some
500 t-- ys'lies I'M prices, prompted by re-
sue'l5 cvno~t sales and strong cash
"tc.s although export business has
ne. se6ly hampered by lack OF ocean
800. roorn. prices having become al
"o'e ,~obfbitive when war risk insur-
~ added 90 other transportation
So This situation is also affecting
Cos"a -co,.tinc market. Broomhall re-
...J that freight rates on grain from
$50 10 European ports had been
HI5..srsed 10 COS. q ton, compared with
"a, "a an December %, and said that
-. situation there was alarming. The
u I..,cSS rate IS now equal TO about
ss,. ccrts a bushel. Receipts at pri-
-, roirts showed a falling off for
m. r. reek of l.IS2. 900 bushels. the total
- 500 GOO. compared with I7O4.-
~ 30 rrcvious week and 4.442,OOO
~. year Cearances from seaboard
- for the week were 4.2l2.OOO bush
.nsrcd with 5.19S,000 last week
- -88 900 last year. The last trad
:~- n nc week n this market showed
,e, Gains of sc. 20 &c. over the close
on thursday.
,-.yerniDg the wheat trade. and fiuctua-
S,rs were somewhat irregular, the
.fr5ency being downward, last prices
Ming Al a gain. Cash prices, however
Ave held fairly strong, due mainly 10
fsir demand for export. There was
- increase in the available supply Tor
ne week Of about 2.216.OOO bushels,
,bieh. while smaller than the increase
q wear ago. was larger than mad peeh
.eo.ed The trade seemed quite con-
Ill eventually command a better eN-
,or. demand. and it was also though
!bst the reduced freight rates 10 Car
AZ viii result in that country draw
ing more heavily on the Northwestern
states. .,.L...,,.L
,tsre was some pressure OF hedging
.sIss A. Chicago, and il is noted that
ne market has held its own course re-
-s,5less Of the movement OF other
sTs;ns There we're some heavy export
ssiss. especially on Monday, when re-
Us were circulated that upward OF
5OOO 200 bushels had been sold Tor
slipment. In the face Of this, added
n The domestic consumptive demand
,b,rs was an increase in the available
for the week Of more than 1,OOO,OOO
bushels. and with a reported serious
sbortsge Of feeding oats IN western
C.rs5s reasons for strength IN the
market are apparent
Flour prices reached the highest
level since the war began, with the
rsrket firm. although trading was
ouist owing 20 the holiday. Produe-
ion for the week ended December ~
reached heavy figures, Milwaukee, Du-
lutb and Minneapolis turning out close
70 100000 barrels. with mills in some
ases boosting prices 20 cents barrel
Cotton at Higher Figures.
Ups and downs in the cotton market
we're sharp al times in the early trad
mo az the week. but the setbacks were
not eoual 10 the advances and the mar
he, closed with a substantial gain, the
foreign demand being, Of course, the
IDENTIFY expected that the export busl-
ness will materially advance in the near
future, especially to Germany, in spite
OF freight rate of about 8 cents
pound. in addition TO other charges,
before the staple can be landed at LlV-
srpool Exports for the last week IN
December proved rather under eXpecta-
tons. but In effect of this was offset
by the large amount Of cotton re-
naming on shipboard at the close OF
business on Friday, which, according
70 the Chronicle" aggregated 500
us bales, against 212,353 bales last
year
The differences on the new contracts
have been arranged. with increased
premiums on the higher grades ana
reduced discounts on the lower grades
Some put a bullish construction on
this action They argue that the buyer
viii know Just what he is going TO GET
and in any case il will be good cotton,
while the seller may not find 1t very
easy matter 20 FIN his contract. IL is
argued that the new contract MAKES
New York peculiarly a buyers market;
that is. that 10 favors the buyer rather
than the seller.
In Other Markets.
Coalitions in the coffee market have
been rather depressing and trace mas
been quiet Brazil markets have oeeh
weak. and owing 10 the continued mix
up in exchange on London there mas
been little evidence Of anxiety TO press
business. Prices here have declined
slightly. and in Europe the heavy
stocks O. valorizatiOn coffee have oeen
drawn on. making demands on Brazil
eorespondingly smaller.
In the country produce markets large
Quantities of butter, cheese and eggs
saye gone TO storage. and prices nave
been only fairly steady at the pest;
Much OF the supply of vegetables ana
,alad stock from the South has come
N affected by the cold weather ana
ess naturally brought low prices. APP
pc and potatoes have shown lew
changes, although there was slight
ADVANCE on sweets. The poultry mar
seis both alive and dressed, have SUI
Tered from the weather, although the
supply Of live was pretty well cleaned
Up before the end Of the week at prac-
neally unchanged prices from earlier
Quotations. Live stock and dressed
heats were without noteworthy change
supplies were ample, and there was no
Particular feature 20 either market.
The highest and lowest cash prlces