New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-25
FIiRSE OF WEEK
| IN COMMODITIES
] go, Reaches Top Fig
n War Time-Corn,
We Cotton Advance.

fairly sharp break on Tues
more than recovered in the
- on Wednesday which car.
~. YES, to top Aeur'' and was ",a base, Sod
FI,.-.... Of more than 100000
.ussl. esst Of the Rockies
.,-,.,e IN che export demand
a ST. ,ser' nisa, b. 80 action .sa.. by
,.rnsnt regarding the advance
81, priees, which sre some 30
su.hel more than they we're a
80 disturbed the market AL
r.. had been pointed ont that
.r.nsrt q that sort would re
considerable time. during when
.i,se- Of the eountry's surplus
49, 5.sDosed Of at a big proft'
y 90 and advances IN the late
T'0 80 due partly 20 the fact
80 - -. ebnormally high prices
e. b-i,cing out as much wheat
~ -, eXpected from the FARMS
TN,Ss the export trade was nam
", he nigh cost Of freight room
!! "scsrcItv q ships, buying
w. 90 on a. freely az II there
.,;rs IN fleets waiting to take
"-,.-. THE present situation is
~ I,sd The trede is a puzzle.
.,s5s 70 the seaboard are ian
- embargo on grain shipments
bsve neither cars nor storage
n' sc.ormodate the vast supply
bsirr sent 90 the coast. SHIPS
.rs few in spite OF the enor-
'.s..e.s I'm sight for owners. mills
y. SLOWING anything in the way
( ,s,.t bargains 20 escape, farmers
=. West are casting oovetous eyes
still higher range OF prices
q wheat there is left beyond
..s,,renents. the war is going on
~ and in spite Of cautious warn
''i..' rorservative traders that an
.svsrce is likely 20 bring dis
s.bsrs assert that the present
~ nrices "a b. no means the
T.. ana that IN spite OF occasional
-, 9ovnward the wheat market Is
1 s,iikslv 20 pass the high marx OF
I.iter corner through what they
/ - nsrfectlv legitimate operation
H.. law Of supply and demand.
H.. he week the total American sup
| ssc-ease6 more than 100000
- and the total stock OF the
Ia was close % 6.OOO,OuO busheIs
:. he end OF the week. compared
IL 5ron for the same week last
Il. ~ onlv $4,000 bushels. These
-. .sll their own story, and when
/ t,oWn that demands are already
=, -,sde on the new crop, through
1.~I-iss for shipment next August
/ /, 5-sin on American supplies seems
saert warrant for predictions OF
rsr prices.
/. he corn market the situation has
,,'veG itself into contest between
~nesn demand and increasing sup
= here. The big movement 20 the
--srv markets is likely 70 fall on.
T,ysr. as farmers are beginning TO
higher prices. and while II has
!. estimated that home require
..rts will take al except about lUO'-
BOO bushels OF the crop, export
Is have been ranging from. 5OO'OUO
10000 bushels a day. As with
eat there was q decline early, iol-
re5 bv an upward movement and the
81 was Just about recovered.
Export demand for oats has been an
| srent Of strength in that market
with cash sales a. Chicago 1000
p bushels i'm one day, manly for
rmen,. the market steadied Up, and
gssd the week at a net gain.
In the Cotton Market.
After an upward rush IN prices
i,i,h carried some options within
M,ting distance Of the l0-cent mark,
,rs vas q heavy profit taking move
-s-t on Friday which caused a sharp
uction. with % 20 - points marked
4. and weakness on Saturday. due IN
ts main 70 a ginning report which in
aied crop Of close 20 16.OOO,OOO
ass and a falling of in the export
snsnd, based more on inability 20 get
argo room than on any slackening OF
.ssirs on the part Of exporters. At
fs close OF business on Friday there
Esfe l30347 bales OF cotton on ship
ward awaiting clearance. Of which
yev Orleans claimed 170115 and New
lork 300. lt was noted that the
'poi markets. while showing some
,slns, failed 20 keep full step with
.,s rapid advance Of the first days of
ne week, and the generally steady
.one, with absence Of hedge selling,
.ended 70 check the enthusiasm OF the
'peeustivs bulls. This latter point
'lso showed the ability Of the farmer
% borrow reasonable amounts on his
otion and the complete collapse Of
- slS5,000 600 cotton pool aided IN
wing assurance that things were not
. bad IN the South as they might have
ssn.
There have been heavy arrivals Of
'.ion AZ this port, but much OF IL has
re 70 New England and Canadian
f.nners, and with the movement keep
Z up there are prospects that after
= January contracts have been filled
= eertifcated stock 81 this port will
= up 20 $4,000 bales. out Of an sg-
'ssAte in warehouses Of close 70 200,
% The export trade has watched
'ssly the developments in the Dacia
'edent, bat the affair has been with
y influence on the general market.
nees now are not far from IS a bale
s've the low Of last December, and
!. market i' heavily long, with con-
etrable % the long cotton IN hands
ne too strong for holding on a set
e'k u is believed that stop orders
= IN sight a. moderate drop. and
ne figures issued Saturday II seems
s9red that supplies will be large,
un ne exports showing only slightly
,s half what they were last year
ths time. German interests are
,,, Y, aid with having bought more than
.y.y'O bales % spots IN the last three
'Vks' and they are watching the Dacis
'ss With careful eyes.
me feature % the cotton situation
ne fact that Western people have
cone nervous about wheat, and are
! 'ehing their investment purchases
sot'on a. being a much safer staple
''t existing conditions. besides be-
2 etesper.
In Other Markets.
soree has been quiet, with stocks
rtFkIrE A. fhrn opA urh tla