New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-02-08
i)IIRSE OF WEEK
IN COMMODITIES
uneat Declines-Corn and
nat, Take Same Trend
Cotton Gains.

!. ne vhest nhINe' NA'' ~ @" W"
s..s,s.y, With considerable unea'ino''
ali classes Of traders and a
-,.,v veskor feeling prevailing
-, Of tire situation seemed 70
- ,hst the edge is OF the market,
D ..,, temporarily, and there WAS a
,.,.v % await Developments, with
-. commission houses sounding a
warning against overeonhdsncs
-, buying side. II vss freely
= ,-,,,.a thst further sharp advance
:, easily Within che realms Of pos
"r,.,, bu, the fact that the situation
y. Van Of such a builish character
-, p+tl. more could bs said on that
y. r,Se Il seem probable that any
',,,k,a fo- Developments are more
ys.i, 20 b. OF the bear side than In
n,,- Of the bulls
:. n, early part Of In. week prices
-. q, With q rush, which left the
-se..a 81 so 10 Chicago FAR behind
-, demand FOR export which seemed
..,sl.sl., with farmers apparently
:. .,r,ous to make large deliveries
'.i,,o.lvts at primary points showing
.rJdsrsbls reductions. Millers also
~. alarmed by the extent Of the eK-
- asmAnd and the decrease in the
s,hl, and came into active eompet'-
IN Nth shippers.
4, wednesday there were senss-
s,,,i developments, perpendicular
-, N sbout 81 cents being followed
q, , short time By an equally
-. use. which marked 9 gain at
an. Of s% cents, the rally being
.ss,sa mainly by 6 rush OF shorts 10
.sv,f and the reinstatement OF long
e., Since then there have been sew
~ ,,tbsols, with ssgging tendency
:. Is, close OF trading. The deelara-
o. he Germsny relative 70 war zone
,,.uni the British Isles frightened
~. traders who had bought for ex-
80, ard some offered 10 resell wheat
md relet ocean freight room,
~ ,.norts that Baltimore had offered
:. IN wheat back 10 Chicago at q
49, Sseount under the cash basis In
-. market. President Wilson's speech
s.T,,v attention 20 the prospects OF
s.-.irr,d heavy calls on the supply OF
rs,,. here had its natural effect botn
her, and IN Chicago.
The weakness late In the week was
,,i.d BY reports that the Argentine
=" Shipping more freely, especially to
England. Some interesting. figures re-
nrding the crop, consumption and ex,
sert probabilities have been complied
T. STte Chronicle" which says:
THE worlds crop Of 1918 was 8.IoS'-
,,s boo bushels, against 4,00S.s31,OOO In
ira and 3.si2.79s. 900 in 1912. Some
srrre the statistical situation in this
Tsbion; At the opening Of the season
an Julv I, 1914. the United States, It is
s,.i-ated. carried over 100000 bush
,i.. add crop, sol 900, 900; total supply
b, The season % 19l4-15, 965, 100000;
consumption per annum in the United
S,,tsg. 1870. 900 900: seed requirements,
1000 600: total consumption, 6O4,OOO,-
l00: surplus for export, etc. 364.CO0,-
nm. eEr0r.s for seven months. 2lO.Oot,-
90 or 30 600 900 a month; exports Tor
remaining FIVE months at the same rate
would he $50. 100000, or a total for the
year Of $50 .OOO.O 600; total domestic con
sumption and exports, s90,OOO.OOO, leav-
ing 100000 bushels, or practically
The same as last year
Flour has advanced. mills are ap-
rIrently none too anxious TO co busi-
ness under present conditions, espe-
sslly for future shipment, and the
market has been strong. Large sales
Rave been made for export on prac-
,itslly spot basis, and the three
Northwestern milling centres increased
heir production from S93,620 barrels
IN the previous week 20 All ,425 barrels
n the week Just ended.
Com and Oats Also Gain.
Corn also scared 70 new high levels
Early in the week, but in the collapse
o! Wednesday the decline exceeded the
gain, followed by q recovery, and the
market was weak in the late trading.
The export demand ran heavy for
tine, but fell of, and the week wound
up with prospects Of another increase
10 the visible on Monday. At present
d. supply IN Chicago warehouses Is
lrgsr than tho total visible has ever
s.en on February /. On the whole,
u, technical position Of the corn mar
lot IL weak, IN spite Of the heavy e1-
per- demand, es the Argentine Is oner-
Ing supplies ST lower figures and late
abst we're rather discouraging.. An,
ettsr dlseouraHng feature was found
10 reports from the West that at the
H. -.fn - kne~a md hog
rtoducts the use Of corn as feed was
nst profitable
Oats followed the lead Of the ether
rains, but, unlike corn, showed a
,sssdiness which resulted In net gain
Tor the week and fairly firm market
Q. timer. While there have been per-
,i'tent reports Of a foreign demand,
he export trade he's not been large
although there was some call for tut
sfs delivery. Country offerings have
been moderate. cash demand has been
seod and the available supply is only
10000 bushels less than IL was year
tee.
Cotton Advances
Win both spots and futures show.
ns sharp fluctuations, and the general
endeney upward, the week In the cot
Ton market has been one OF activity
,hd toms excitement. The record
breaking exports, which for the week
snesd Friday night aggregated $4,000
ae', kept the market buoyant. even
snd.r the break OF Friday. There Is
sai large amount of cotton on ship
board awaiting shipment, and so far
ne to-cslled blockade Of Great Britain
vas had no effect on the export bust
ss,. While there was sharp break
= freight rates early in the week, the
e0cksde announcement sent them up
arsin. and IL IL possible that some or
es ships awaiting clearance will be
l'ic % awaiting orders"
IN the late trading there was con-
snaiiys feeling manifested, and con
uoerSble selling Of old longs, with
VINE short sales by Wall Street and
UPTOWN oraretors Tbava "a q CaONTal