New-York tribune., 1915-03-29
'NIRSE OF WEEK
IN COMMODITIES
t,,ins Declined - Cotton
,trOng and Higher
rOHee Down, Then Up.

Aty upturn, the wheat market ran
I..,sry long supplies sold for nqui- |
,,... lnd the first advance, which
~ s-ptly wiped out, has not since
=. severed. There have been some
~, AsnSes, due to speculation, but
= De esrly appearance Of the an
!, gsssisn fy crop scare failed 10
IS prices on an upgrade lasting over
aioa. There was a scramble of
-, on Tuesday, but its effect was
4 n lived.
n news was in the main respon-
A !oi the weakness, reports that .
sos was preparing to make heavy F.
t,-snts Of grain being based on the
hrs-y Of an unsupported heavy sup .
!, "a the Omsk district Of Siberia.
rn the crop had been very large,
:: tie assertion that Siberian wheat .
Ia be placed in Nladivostok at 81
.esl There were several other bear
actors, including optimistic re
-y from the Argentine and good
r. prospects IN the Western states.
.5;her prominent bearish factor
h, the poor domestic demand, which /
i been 8 surprise TO the trade. The .
J. is expressed IN some quarters that
/ gonsl economies on the part of the
Il q Q n o. .ga a , kaA
iEenee in the consumption this
/ y The government usually esti-
] lies domestic requirements at 5i4
i II bushels Of wheat per capita per
/ r.m, but there seems to be reason
s.ieye that this will be reduced this
II. some authorities placing the re-
Nneats @, about one barrel of -four
| capita, which would make a total
symptom Of about 350,000,0O0 bush
Of wheat, or about lOO,OOO,OOO
;.s.s u The aggregate less than the
| be has been figuring.
lor.dS stocks are given as l67, 50,-
bushels. against l9l,0l5,000 a year
| J. o. which 77,75O,O00 are American,
i 5og, 30,OO0,OUO less than a year
J. There was considerable nervous
a the last trading Of the week,
I- the May option showing some
|rICversals, but the market weak
q toward the close, with export
.-sss % disappointment.
Corn and Oats Down.
Ialuess in corn was the natural
-; Of the heavy stocks and the de-
les iG wheat, even with marked
..aso iu the visible supply, as the
EoTe than "a year ago. Foreign
s,is:s have been quiet, depressed at
1g, and Buenos Ayres reports that
l. psrs there are coneested with corn
Hang shipment. The domestic
,7snCnt to primary points has been
IA, but that had no effect on prices.
lie the market was weak, there was
+ p'onounced break, as pressure to
y Vas a. 10 time aggressive and
.;lations were slow.
2.ceip,s Of oats at Western points
CHASED during the week, but the eX-
i;1 demand, which had shown signs
{ sackeninE, gave signs Of renewed
-si but reports that exporters had
a,uacted for enormous quantities
'ue no, confirmed and clearances were
t.A smaller than had been anticl-
Esi, although $4,000 bushels were
aiered on Saturday. The American
tn5.e decreased during the week
ncsi 100000 bushels, and the avail
EA Is 36,7Ol 900, or about 100000
s'' han year ago. The last trading
Fn a about the lowest of the week,
VIA 10 strength apparent in the mar
COttOn's BuOyant Week.
Plies Of cotton, both futures and
E's, advanced rapidly all the week
a''pi Tor d setback on Friday, which F.
~ more than recovered in the short
aJ' trading Of Saturday. The high |
%' Of the week was reached in the
ty trades Of Friday, when May con-
-sas went TO soc, July TO 10c, Oc- /
~'i 70 lO.33c and December 10 10.49c, 7
,,1A'lg new high records for the crop. .
,-s crop was due 20 a report that the /
''Niiment Of Agriculture had given .
~ oearSh figures on the reduction /
= acreage, and when this was officially /
"slea the market went soaring again. |
"N advances for the last two weeks 3
ave ranged from So 10 100 points, or
s''s 10 S. a bale, which, on top of the /
s,' 80 OF the previous fortnight, will F.
i"'aoly 90 far toward overcoming the
~th M o. planters that full acreage F.
-. .' mean burdensome crop 10 take /
"' o. next season.
a. hitherto unthought Of phase Of F.
- var demand has been credited with
~-s responsible for much Of the ad
',.-s ~. and the strength Of the market. .
i'. i..'i is the enormous quantities of cot
- Oe'ng used in the manufacture Of .
,,.As.ess powder for the warning
e-.'s' statements having been made
;. powder companies in this coun-
!. gave increased their production
,.5'u ,s.o.u on the strength Of European /
- 80 On the assumed basis of a
siI.o oi cotton used to make a pound
tV"uer there is evidently an enor- /
~. consumption in sight, and while 7
,,,,.s are generally used for powder
SOses ths demand is said TO have /
~. great that manufacturers have
b lo'ced TO use the regular staple,
s.,..iI' cotton. This, with the addi-
81 Quantities used for tents, uni
s.,, and other army equipment, will .
T.9' Il continued, that the exports,
now amount to about 6,300,000
~ VII aggregate between 100000
\, .VVV'VOO for the season, il they do
NJ. '.ipass the s.600,0O0 Of last year,
l,.,;'ne 'ne European mills were using up
g,''sh n. supplies. This movement is
~ Iaee Of freight rates abnormally
S,s vyeaehing two cents a pound from
n, =. tOtk to Liverpool, and the high
!, VI war risk insurance.
! sueition to these factors it is to
~, ',eo go mat trade in cotton goods has
nor more active and at rising values
sA,, T e PRINT cloths, prints and a few
Ia uhes. The dyestuffs difficulty
u ,s'ome sseome a factor of great influence
h,,s' having accounted for the ad-
"a 80. On staple prints, blue denims
els,sJ other colored lines. Many
al, - goods mills are declining to
= snple pieces, as they are unable
ne, ,tiiAntee deliveries, and colored
,.n ,nS nSuseS are declining future busi-
IL, ao Withdrawing different lines as
supplies become sxhausted. Ex-