New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-18
Susie &C
Cereals

plaining recently that wheat markets
| had run into a rut and needed some
| fresh impulse TO get started again found
4 nothing TO grumble about. Indeed, the re-
markable buoyancy displayed was more
| than enough TO satisfy the most ram
pant bulls, and it seemed at times as
| though the markets were OF the run
away" order. At the top for the day,
for instance, Winnipeg prices were 8A
10 SIS cents higher than on Monday
night, while Chicago was to cents
higher, Minneapolis SIS TO ~ cents
higher and Duluth to 6B cents
higher. At the close the net gains
ranged from So to 72s cents.
A noteworthy feature was that May
contracts in Chicago went one cent
higher than December and closed l =
cents higher, whereas they had been on
even terms on Monday. A decidedly
brisk demand was in evidence from the
outset, and az the market had all the
signs of being sold out the movement
was strongly upward all day, the open
ing prices being the lowest of the ses-
sion.
Doubtless the most potent factor was
the radical reduction in freight rates
between North America and Great BTU
ain. the British government fixlng the
rate at cd. as compared with lad here
tofore. In some quarters this led to
the impression that the British were
preparing to move large quantities OF
wheat already bought here and In Can
ada. Moreover, the fact that this re-
duction meant q saving In cost OF about
Is cents q bushel led to remarkably
brisk demand from exporters, and IL
was stated that their purchases
amounted to fully 100000 bushels.
Yes'dsy's Close day Year
close. before. ago.
Cash, (cents) (cents) (cents)
New York. 171A 1874 ~
Contract;
Chicago, Dec. 1884 l.57S 1873
Chicago, May. 1.6434 1874 1.o(7s
Corn.-The developments in the corn mar
ket were Of much greater interest and I'M
portance than has been the case for quite
length Of time. The movement was consist
entity upward, and at the close prices showed
net gains Of lSs@lAc, being only frae-
ton below the high marks OF the session
This strength was partly reflection OF inc
great buoyancy in wheat. but 70 some extent
was traceable TO a continued frmness IN
cash markets, where the demand is still &C
tive for both domestic and foreign account.
Another factor in the advance was further
Disappointing husking returns for some OF
the best sections Of Illinois.
Yes'day's Close day Year
Ca.h, close before. ago
New York ........ 1902 .ss .TTs+
Contract: 80,
Chicago, Dec. .... 1874 .7s,s 1884
Chicago May 49,. .7ess 1914 SOY,
Oats-There was little particular news
regarding oats, but prices moved upward IN
keeping with the strong advance in wheat
and at the close were Ia TO lSsc hlsher
than on Monday. Buying was mainly by
leading cash interests and shippers, but gen
eral demand was restricted by the large re-
cepts and accommodating supplies.
Yes'days Close day Year
close. before. ago.
New York .......... So SO we
Contract; ..,,
Chicago. Dec. 463+ SIS 1914
Rye-Prices were firm.
Yes'day's Close day Year
close. before. ago.
Cash. N. Y. bu.....s1.33 s1.33 H.i1
Flour and Meal-Quotations were:
Closing Day Year
yes'dsy. before. ago
Wheat, MINI. spg pat. .s8.45 1895 s5.35
Rye -four. choice; ss.z0o ss10 s's0
Cornmeal. kiln dried. q 20 90 80 70 % 3'2e
Bran, in sacks. ........ .2s-S5 2o.19 TS.lo