New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-01-28
AND
GRAIN PRICES
Wheat Is Feverish, Net
Gains at CIOSe-COrn
Market Firm.
New York. January II, 1916.
WHEAT.

New York. January n, 1916.
WHEAT.
Wheat was active. with very fcverish price
changes. Al one time during the day values
were lI.Gt2c bushe down from the pre-
vious close. but from this point there was
sharp upturn of 2Mm3lsc. and Mt the /
close the market showed net gains oil 3sy /
fasc Tcmperatures in the American NORTH |
west were at the lowest point of the season |
and the cold wave was said TO be worklng |
rapidly southwark over the winter wheat
belt Tho cold wave was preceded by more I
or less snow in some sections, but the weather 1
recently has been very wet and II was sald I
that some Of the fields were frozen solid be-
fore the snow came. The July position was ,
particularly firm on account OF the appre- /
hension Of crop damage. and losed relatively |
higher than May. In the cash market No |
durum wheat gas quoted Mt Sl.b6t; No !
Northern Duluth. sl.55la. and No Northern ,
Manitoba. sl.5s%.. o New YORK.
CORN.
Corn was Influenced by the action Of wheat. /
hut while prices NJ one time were ga i.c |
lower. the undertone was firm. and late IN .
the day prices advanced easily and closed /
With net gains Of IA &c. Receipts were /
fairly liberal but II was thought mat thc
severe weather IN the West will interfere /
with the movement. and this. together with |
come further unfavorabe reports from Ar
ccntina. caused buying by commission /
houses. In the local cash market No yell
low corn was quoted at sei3c. New
York.
There was comparatively little feature 10
the oats market in the absence Of further
oxport business and after moving within
range of a,NtTsc. values closed net I'M
changed for the day. The local cash mar
l-, was steady; No white, 5IMj7l2c: No
, fop cfipr,,d u blfp 40
cIGIc ordinary clipped white. 67g5si 3c, all
elevator.
RYE.
Market steady; No Western. sl.oals,
! { New York.
Wheat, Open. High Low. Close. day;
July. i35 1874
CHICAGO PRICES.
Wheat:
May. las 1879 1914 1867. 1851
Juiy...... 1854 l.27@t i.25 l.2I@s LISA
% li,;y - 17sss ~. 7IS., 9 7s5.
T 1siy.. ~ ~ s sssE e e - q: 81 81:
FLOUR AND MEAL.
The -four market nervous and unset .
tied owing TO the rapid fluctuations in wheat. I
and the volume OF business was small, as
buyers and sellers were. in most cases. apart .
BUCKWHEAT FLOUR Market duh at S2.15
per 100 Id. RYE FLOUR-Steady fair to
good. $500 S575; choice to fancy, s5.sOH
S5.q5. CORNMEAI-Steady kiln dried. $500
4S43O. BAG NEAL Steady fine white and
yellow. SlgO: coarse. SLIP. FEED-City /
firm: bran. bulk. $23.40: 100 ID sacks so !
heavy middIings, do. S26 four middlings do,
$3.50; red dog -four. l4o ID sacks sS2
"a La. Ia
standard midings. do. $3.50; Hour mid
dlings. do. s29: red dog -four. 40 10 sacks, /
$50. oil meal, Si0nSiO.5O.
PROVISIONS.
The market for hog products was nervous ,
and price changes were rather feverIsh, al
though after some heaviness at the start
prices rallied and closed firm. PORK-Firm
mess, s20fi 5000 family. S22gS2i; short
clear. slq.5OH 500. BEEF-Firm; mess,
SlG5O0sl7: family, Sls.5OHsl9; packet
gi75GHsls: extra India mess. s2fuS2O.
DRESSED HOGS-Steady; Bacons, lose
$50 10. lOnc 100 ID. lose; 40 ID: 1920
pi,s. l07.c' CUT MEATS-Pickled bellies
firm: 10 NJ. l2iac: " 10. he; IA ID. II l2c.
Picked hams steady quoted at lii,M lAe.
TALLOW-Firm special. sdsAc. CITY
si.c: country, Tic. LARD-tirm middle
Wet lO5ONiO.6Oc City lard firm; quoted
AZ lO7s NlOi2c. Refined lard steady; Cont
nent. II .3Oc South America, ll.50c; Brazil.
keys l250c. Compound steady quoted AT
lOi, fii0kc. TEARlNE-Steady cleo, lOg
lOi.c. City lard stearine. lli'c-
CHICAGO PROVISIONS.
Lard: open. High. Low. Close. day;
May 'y'......iO.57 1906 1906 1862 1857
.Ia Ro5 ..lO.72 1852 1870 1850 1915
May .......llo5 lily ll.o' lilo l''Vz
January n9aT; ....2O.4O 2O4o 2o.22 2o.4o 2O.2O
May ........2O.50 goo 20.41 2O.oi 2O4O
COFFEE.
The freight situation in the coffee market
was not improved, and room Is apparently
becoming scarcer every day, nut OWING 10
liberal stocks in America little appreneh-
ION is bcinQ felt regarding future supplies.
There seemed to be a disposition, however
10 raise the price Of coffee held here to COR
respond with the increased cost OF repleh-
ishine supplies, and early IN the DAY Values
showed further gains OF zIo po'is,S' il,s
renresen,ed a net advance Of over 80 points
ON the recent upward movement, ana AS thls
,yas thought 10 about discount the increased
freight rates buyers we're less agg Ies'lFe'
Long coffee came out IN considerable VOL
,,rne on the advance. which was thought 70
sor,resent Houidation on the part Of those
Who bought on the upturn early IN Janu-
ary and had not had an opportunity TO sen
AZ a profit since. Under this pressure values
declined 9Ql0 points. and at the close OF
the day were 40i1 points net lo"er' io'"'
sales were 81 500 bags.
The cost and freight position was unset.
,Ied and irregular Santos As for prompt
sb;nment were quoted AT s.I5c, while the
SANG grade for future shipment was offered
as low as 9.05c. although no assurance was
g;vcn IA 10 the time OF shipment
Tn. SPOT market was quiet. but prices
were steady. with Rios &c higher on the
basis Of SIC for rs. The range OF prices
Yesrer-
o,o, uiob Low. Close day. /
7OSQ7l0 ia
jan J 7l5N7l7 III
fep. ''''-''- % ia r23 723MT25 I29
MarSh '''- 725W727 I3l
Apth ''''''-o, 72g 72S 72sd729 1874
May -''''''' 733H7.3i i.3S
June ''''''- a. "a 72s 13sn739 743
July -.''''''''' T43TT4s f4T /
sugu'. ..:....7.52 7.57 7.4s 1872 i52
H 40. ...7ee 7.e9 100 1909 7.6l '.67
SUGAR FUTURES.
TIL. market for sugar futures was sur
,o.aI sales amounting 70 2.3OO tons out we
'"jer,on. was little easier and mai quota
tons we're l 10 . points net lower h"hse
OF prices: Yester- I
Open. High. Low. Close. DAY.
4 81 D.