New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-15
HIGH PRICES FOR RYE.
THE MARKET AFFECTED BY TEE RUSSIAN
UKASE.
QUOTATIONS HAVE ADVANCED FORTY CENTS a
BusHEL IN a FEW DAYs-EFFEcT AT

THE PRODUCE EXCHANGE
within the last day or two rye feature OF New
York trading has to the front The causes Oh .nc
advance Of this cereal in importance in the spccuao
world have been the great falling of In the huss,an
crop and the ukase Of the Car against any
OF rye from that country after August 20
rompaat,vev little attention has been paid to rye on
account OF the small quantity grown IN the country
Heretofore the amount grown has not eAoeNueu n
homo demand by more than 4,oOo'ooo OF oooo'ooo
bushels From 1881 TO 1890 the average yieu VI ,'o
has boon 25,795,657 bushels. In some years IL h"o
- q. h,ch q. % 600 900 bushels but that figure was
exceptional The average exports during onese soH'
have een 600 s0s bushels. This incindes ms year
1883. when there was heavy foreign demand ioi
American rye and then 6240344 bushels were taken
for export. OF the amount grown ovei -0'''
bushels are used in the American dstlenes
1t is impossible at this time 10 FORM an accurate g.
innate of the amount of rye which this country Will
-~,sro. u "a n,.ced IN round numbers all the way
from % 600 900 to 10000 900 bushels. The Depart
nent OF Agriculture in Washington has no knowledge
OF the acreage or average yield by the acre. sccoo
ing TO the last communication received from IL al o
Produce Exchange. 1t is not Thought, however tha'
there will be more than 100000 bushels OF rye for
export Thsact together with the foreign lnnuchoeS,
mas sent the price Of rye up some DO cents bushei
1th,n the last few days Yesterday there was an ad
ysnoe NJ from to cents over the closing price on
Thursday In the neighborhood Of 10000 bushels OF
rye were sold on cable orders, at 210 marks on de
livery. This is equal to 81 "a in this country.
f. Pfarrius one of the largest dealers in rye In
this CITY, said yesterday that the present increase ID
price was duo to the demands from Norway anu
sweden. Russia he added, export.d annually rom
GO 600 600 to 10000 900 bushels. and account Oh
the falling of in Russia and the prohibition against
expectation the demand has been large for this cereal
About two weeks ago he received on one DAY twenty
four cable messages asking about rye In TINS country
The messages came from men whom ne hao hoV oeo"
dealing with for many years Mr.. Pfarrus uiousht
that Russian firms had made contracts Tor German anu
Scandinavian delivery In October and under the oruer
~ the Gar were shut out from exporting Russian
grain The question now with them is how to Hi those
orders His advces from Germany yesterday were
that 1913 marks were being paid there for wheat aho
p1o marks for rye by the 1000 os, the latter being
equal In this country to about 81 o. oushei'
"Ryen he continued, IFS bringing from D 10 Per
cent more pound over there than wiiea'. ono Vi VI"
results OF the increased price in rye that In Norway
and Sweden wheat which heretofore has been too hgh
for common use, Is being consumed Instead Oh rye.
J. P Kenneth another grain man, SAID ne thoughl
that wheat would not be affected much. He expected
10 see the foreigners begin the free use OF corn
wheat felt the effect of the sudden boom In rye and
was auoted from 3-s to IL cents higher Dushei
yesterday. December closed at oil ~ l"c.o ~ei e
400 600 bushels contracted for TO be sent abroad Corn
also Jumped up few notches. and was exuemeB
lively throughout the day IL dld not meeC t4 t, 1
ecstOns OF corn dealers. however as 1t ola not 1oo"
H. rsSe in rye as closely as they would have liked
An Interesting question for the complaint committee e
Of the Produce Exchange to settle mas come up u,
nection with the sudden rise In rye. e. P1afrlus
bonsSt from one man 10000 bushels Of rye for de,
iyery at this time The difference In vsIue 6etwTen n
ths yrce then and the price now Is H3!,OOO Inc
Western firm one Of the members of which is member
of the Produce Exchange has refused TO pay ue ma
GINS dne and the case has been brought Dci0ie inc
eeommittee. The firm holds that the New-lork TX,
Change has no Jurisdiction over 1t. and on tat grout
a +bo comnnint 1t will be valuable precedent
TO- fture transactions the committee decides in favor
OF Mr.. PfarTus