New-York tribune., 1915-03-22
fIlIJRSE OF WEEK
IN COMMODITIES
Grains Show Declining
tendency - Cotton
Strong and Higher,

w.re some erratic fluctuations
~, {, the early trading Of the
,n,t ended, light receipts being
w reduction IN the visible
CIV, and the worlds available, and
@R.. generally displaying a desire
a'., .,i, developments. The war news
go to have less eject than might
~ h.sn expected, and considerable
hw 80, was paid TO reports regarding
=. w.. ,,ndi,ion Of the growing crop and
" .,.nees Of its escaping az least a
20. .hs crop scares which are about
"a make their annual appearance.
- ,,,or, trade has fallen of IN the
!" '.,-,t. although there has been a
~ demand for smaller volumes.
-. ,ondi,ion Is probably due to the
=. hst there are enormous ouanti-
=. ~ n wheat already bought for Euro
~ account which are only awaiting
~, room 30 SO abroad.
-S,, there will be greatly increased
&c. IN the coming crop IS conceded
~ sides. especially in the spring
A,,t territory. A check to the down
- tendency Of prices was caused by
',,,,, Of heavy buying Of -four by
r..,,srs within the last few weeks.
:, here were some advances late in
.rssk. but last trading was at lower
80 with ,ac market weak. For-
,,op prospects rs reported during
S,st are POOR Many dealers pro
~ believe that even with the Dar-
,ilss omen there will still be call
49, bpshcl Of wheat and pound
a., tbst the United States can
ard A. Duluth ice breakers arc
$50 70 Get boats TO the elevators
.,ssr 20 load for shipment at the
,,,-ing Of navigation. q.
Fan has been irregular and most OF
4. line comparatively dull Much OF
-, kss been due 20 the enormous
...k. I, the United States. added 20
=. .i,-ce exportable surplus credited %
/ !. ARGENTINE. and small fluctuations
yurope. Tho corn market IS really
1 domestic proposition. and while
,,i,ss NAV respond through sympathy
I. .Ssnces I'm wheat. there IS little IN
4, foreign situation 10 cause any
,.,ssl changes .r the market.
{ 0,,, have ruled trmer, export de
/ - hsinc q sustaining feature and
.m,hing huge proportions for the
] r.sL Purchases by European gov
.,,-s,ts recently are said TO aggre-
.,,s several million bushels, and the
,,bls supply for the week showed a
1 ,,.rs8se Of more than G. million bush
Aa
wlre -four for home trade has been
.-,st Int firm. reports Of heavy export
',lss have been made, and prices are
.,,gaered Is likely 70 remain az or
oar their present level until there IS
rsrmsnent break ID wheat Chicago
-.ssrs tbst France, Greece, Italy and
e5lapd are asking for low grade flour
.-sgntinc 20 about 100000 barrels,
,,s On Saturday So. Louis reported
sUR local milling company had COM
,'t,sd the shipment of 100000 sacks 70
ysv York for shipment 20 Europe.
Tia order involved the purchase Of
vMO bushels OF wheat, and as the
a,,, were Of q special size, contain
1 !, 22O pounds of -four, the shipment
| a, soual 70 il2.0oO barrels, Of value
Il tg 600 600 Production at Milwaukee.
\ l,neapolis and Duluth last week was
$50 barrels, against 3oo,,oU LOT lhe
w7ious week, and o61.3S5 for the same
Tss last year
Cotton Advancing.
he feature Of the cotton market for
/ b week was the report Of the Census
3uesB. made public oD SATURDAY, snow
/ ia crop, including Hnters, Of nearly
| 100000 bales. making new hlEh
r,ori. The strength of the cotton
| G,ss.!on was shown by the fact that
1 vsiIe price changes have been com
/ Hs,iyely sma. all the week. with a
1 lfly hrm market. the publication OF
| bic bearish statement had no effect on
be rise in the market on Saturday,
l T,ith carried the January option TO
sv high point for the movement, with
Jaober equalhug ITS previous high
'Nord, and left closing quotation the
,gtsst Of the day. and spots showing
gain Of 10 points.
| Ihsre is a growing tendency IN the
Ns,h % g belief that even an alb
',lrlly large crop can be taken care
o. IN view OF the reduction Of acre
Igs Indicated by the smallness OF the
.'nGnd for fertilizers, which IS re
'i,dsd as a fairly correct guide to
inting operations According to the
a.stleians IL viii take a pretty large
aFry-oyer 10 make up for the dehcl-
n;ies expected n the next crop, If
'hiuming demand continues anywhere
iai normal.
Another thing which has tended
ward hrmness Is the fact that eN-
oHs have made some margin over the
1 MpOO-bale mark, and are not so lar
.'alno those Of d year ago That the dlt-
.fsaee will be burden on the market
-Nopesn news has been bulIsh in the
IAN, the strictuess of the new con-
tl has initiated against aggressive
] Al!ag and while large spot Interests
ave been sellers Of October, IL is
.''sd that they were equally large pur-
1 1sseis OF May. Mil takngs have
i tsh liberal, high prices have been the
.-F 10 the Manchester yarn and cloths
I'keis, and Fail River sales for the
'sa we're about The same as a year
Il What Other Markets Are Doing.
4 Ih're has been a gratifying show Of
ynhess In the coffee market, and
.nsss have had an upward tendency,
4 aFaally IN the late trading. Brazil
~ helo firm IN The face Of 'argc re
/ PN' indicating steady European
aMd and while buyers here are
I.uhuing their hand-to-mouth policy,
taken as am indication that the
,"..nalation OF buying power thus
s1ed Will be felt when conditions
4 van are normal I'm this connection
/ current Nordl.nccr circular says
~ he worlds visible supply on
,n J was only 100000 bags.
1 t1au Sis 100000 a year ago and from
,syOyOO TO 100000 bags for the