The Birmingham age-herald., 1911-09-23
FOODSTUFFS RISE 0N ELECTION NEWS Prices Will Be Increased By Reciprocity's Defeat WHEAT LED ADVANCE
 9 Breakfast Will Bear Brunt of High Living Within the Next Few Weeks as Judged By the
 Developments
WHEAT LED ADVANCE

Chicago. September 22.-Foodstuffs which might have been affected by an influx of Canadian products had laurier and his government not been defeated in Canada yesterday rose sharply in price in all American supply centers today. Wheat led the advance and was fol- lowed late in the day by flour, when mill CTS ignored their previous price lists and adjusted their quotations 10 figures more commensurate with the advanced cost of the grain staple.
 Oats felt the effect of the Canadian vote, too, and as result consumers may expect soon to pay increased prices for breakfast foods. The initial meal of tine day seems destined to bear the brunt of high living within the next few weeks, as l judged by todays developments and em- phasizes the recent advances in sugar and coffee.
 | The cost of toast and biscuit, wheat cakes and potatoes probably will add to i the woes of the housekeeper The great est advance in wheat during the session was at Duluth. There traders were pay ing as high as cents more bushel for | the gain than they did before reciprocity was rejected
 | Minneapolis, milling center of the country, showed a maximum net advance of cents, paying ,sl.071a for this months delivery.
 Increases of a less sensational nature were recorded at Kansas City, St. Louis, | Omaha and Chicago.
 Immense stocks of grain in the elevators | of this city acted as a check to a severe advance here and brokers on the board of trade bought wheat for about cents more a bushel than they had paid yes terday.
 Chicago Market Lowest | The local market was the lowest of the important grain centers. It is by no means certain that the advances in the price of wheat and likewise allied foods indicates the maximum price has been reached. A prominent wheat trader advanced an opinion that spring wheat, grade used most extensively for fine flour, is due to increase in cost | 20 cents per bushel. There is no guar antee that the prices here and else where will be long sustained The blow to consumers or at least many of them may result when malsters have studied | the situation in barley markets. l In some instances the price advanced | as much as s cents. This, If main | tained, would affect brewers and the small size beer glass may reappear, A | factor in the barley situation is the conviction of many dealers that the greater portion of Canada's 10,000,000 bushel barley surplus will never reach | American brewers. This stock has been relied upon to relieve the pressure re- sulting from short crop in this coun- | try.
 Some comfort was held out, how ever, in the meat situation for the householders. While packing house products lifted slightly they did so only in sympathy with cereals. Reciprocity according to exports had no direct ef- ! feet upon meat and it not likely to add to the cost of lard, bacon and ham. | Kansas City, September 22.-Wheat jumped 3 cents at the opening of the market here this morning, the sudden rise being directly attributed to the de- feat of reciprocity in Canada. Duluth, Minn., September 22.-Frantic rushing of shorts to cover gave the wheat pit in the local board of trade | one of the widest scenes in it's his tory at the opening day. Many traders had gone short in the last few days | in expectation of the ratification of reciprocity. September wheat, which closed yesterday at s102, opened at $1.07
 In few moments it reached $1.09la and later sagged isc and in another few minutes dropped to s1.os. Decem- | Der wheat, which closed yesterday at s1O2h, opened at s106 and quickly went to $1.0S1s, from, which point it dropped to sl.0S.
 | Minneapolis, September 22-Defeat of reciprocity made wild opening on th, l floor of the Chamber of Commerce here | today. There was an excited rush to | buy wheat with few offerings. Prices | jumped over 1 cents for both Decein- . | Der and May December opened on a
 range of 1ac with $1.0S the top
 price. This was gain of about cents
 from yesterdays close of s1.037 7s O 1.0d.
 May opened at s1.11@.12 against yes
 terday's close of s1.07s4 @1075s. Prices
 showed a steadily rising tendency and there was not a sale made at less than l s1oS for December and SLIP for May
 during the first hour.
 Winnipeg, Man., September 22.--Ths [ | Winnipeg will not have for it's wheat the market that the reciprocity treaty if adopted would have possibly opened up, was felt by the local bulls today. october. which closed yesterday at $1,
 opened today at 99c and later was sold
 at 9S 7s @9Ss4c.