New-York tribune., 1911-09-23
.FOODSTUFFS TAKE Jump.
Sharp Rise in Prices Laid to the
Defeat of Reciprocity.
WHEAT LEADS THE ADVANCE
Consumers May Expect Soon to
Feel the Result of Advance
of Prices.

Chicago. Sept. I22 - Foodstuffs which
might have been affected by an infuX OF
Canadian products, had Premier Laurier
and his government not been defeated In
Canada yesterday, rose sharply I'm price
in all American supply centres to-day
Wheat led the advance. and was followed
late in the day by -four, when millcrs
ignored their previous price list and ad-
iusted their quotations 10 figures more
commensurate with the advanced cost OF
the grain staple.
Oats, too. felt the effect OF the Canadian
vote, end az result consumers may ex-
pect soon TO pay increased prices for
breakfast foods The initial meal OF the
day, In fact, seems destined 10 bear the
brunt OF higher living costs within the
next few months, as 1t needed only to-
days developments in the trading pits to
add force 10 the recent advances In coffee
and sugars. The consumers toast and
biscuit, wheat cakes and porridge, It Is
probable. will only add 10 the woes OF
the housekeeper.
The greatest advance IN wheat during
the day was recorded at Duluth. There
traders were paying as high as cents a
bushel more for the grain than they did
before reciprocity was rejected. Mime
apolis. the greatest milling centre OF the
country, showed a maximum net advance
OF cents.
Increases OF a less sensational character
we're recorded at Kansas City, st. Louis,
Omaha and Chicago. Immense stocks of
grain in the elevators of this city acted as
p check to a severe advance here, and
brokers on the Board OF Trade bought
wheat for about three cents more bushel
than they had paid yesterday. The Chi
oago market was the lowest of the I'M
rortant grain centres.
Talk Of Further Rise.
II is by no means certain that to-day
advances in the price Of wheat and allied
foodstuffs indicate that the maximum mas
leen reached. one OF the most prominent
wheat traders of Chicago advanced the
opinion that spring wheat, the grade used
most extensively for fine -four, is due TO in
crease in cost 20 cents a bushel There Is
TO guarantee that the extraordinary selling
" which to-day held down the price in Chi
caGo will be long continued.
further blow 10 cOnsumers-at least a
have studied the situation in the barley
markets. In some centres the price adj
vanced as much as eight cents. This, II
maintained, probably will mean increased
cost Of material to brewers, and, as has
heen the history OF previous similar condi-
tens the smaller sized beer glasses may
again become popular with saloon keepers
There IS grain OF comfort for the
householder, however, in the meat situa-
ton. While packing house products rose
IN price to-day, they did so only out o1
sympathy with grains. Reciprocity. ac-
cording to experts, had no direct effect on
meat products, and it's defeat is not likely
to add 10 the cost OF lard, bacon and ham
In Kansas City wheat jumped cents
al the opening of the market There was
wild trading AZ the opening on the BOARD
Of Trade, followed BY lively trading until
the last hour December closing practically
quiet at eSas ceLts
Cash spTinS wheat sold on the Omaha
above Yesterdays close No. hard was
quoted as high as 81 bushel, but actual
sales were not reported above 81 cents
Flour prices advanced. because of the de-
feat Of reciprocity in Canada, D. 10 % cents
A barrel on he Merchants Exchange IN
St Louis Millers were flooded With mes
saSes Offering TO buy any nour they have
Traders said that export business Will be
stopped until the market can adjust itself
Minneapolis, Sept. 22-The effect OF the
Canadian general elections was felt in
Minneapolis to-day when the price Of flour
leaped 80 cents on the barrel. Members OF
the big milling and grain concerns here
are OF the opinion that to-day's furry Is
only the beginning OF what may prove 10
be an unprecedented lift In flour prices.
bulge OF six cents was recorded in
wheat and the price Of & 80 barrel for
-four is the highest reached in many
months.
There was sharp advance in wheat on
the New York Produce Exchange. as well
as in the Western markets, on the defeat
Of reciprocity In the Canadian election
which removed the possibility Of heavy
shipments OF the grain from Canada to
come into competition with the stores in
American granarles. Shorts were active
buyers on the advance, which extended tc
3 3-l6 cents for the December option, the
close being ct 81 OiSs, and 2'. cents FOR May
which closed at 81 07 asked. The bullish
sentiment was aided by the belief that there
would be a shortage OF spring wheat fol
milling purposes, owing 10 damage by
drouth and black rust during the growing
season. Buying was checked. however by
the semi-demorallzed condition OF the stocl
market and poor export demand. In the
late trading there was renewed short GOV
ering, wheat making a further rise. Corr
and oats also advanced.