New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-26
Comm oditie S

: of the general discussion caused oy tne
high cost of living and also the wide
spread agitation respecting the placing
Of an embargo on exports. The latter
is having much influence, notwithstand'
ing the fact that many shrewd' and eX,
perienccd members of the trade feel
sure that there is little or no prospect
of such a drastic step being taken this
year-if at all.
Undoubtedly the Western representa-
tives i'm Washington will fight the
proposition vigorously; and, moreover,
il seems certain that If an embargo is
placed after January | it Will be prac-
tically negligible, because all Of our
surplus will have been bought for for
oign account by that time.
Indeed, it is generally assumed that
a decidedly large part of our visible
Eupplv has already been contracted for
by European agents, and Will be eN-
ported as rapidly as ocean freight room
can be secured. Consequently, It seems
settled beyond a doubt that the short
age in the crop in this country and
elsewhere will be more keenly felt next
spring.
In the West farmers are making
small deliveries to country stations and
receipts at primary points have been
slowly diminishing. In the meantime
shipments have been fairly large to
consumers both here and abroad, and
hence it seems positive that large re-
ductions will be made in the visible
supply during December
Some OF the selling yesterday was
partly prompted by discouraging cables,
European markets being dull and
slightly weaker, mainly owing to re-
ports Of beneficial rains in Argentina.
Still it is generally agreed that the
rain came too late TO be of any mate
rial benefit, and hence it is supposed
that the exportable surplus in that
country will be slightly under 10000
600 bushels, against 1OO,OOO,OOO bushels
a year ago The worlds exports this
week promise to be light, and hence
some decrease is expected in the guam
tity on passage.
Yes'day's Previous Year
close. close. ago.
Cash: Gents Gents (cents)
New York;. 1882 1888 LA
Chicago, Dec. .. 1.76zs 1884 1882
Chicago, May. 1.s4Is 1854 LOS
Corn.-This market moved somewhat indie
pendently OF wheat, being only traction
easier This was by no means surprising, as
il was evident that corn was almost wholly
n domestic affair and therefore not materially
affected by foreign influences. Supplies IN
this country are so meagre and the crop so
light as compared with domestic requirements
that declines abroad are frequently disre-
garded Hence the reports Of beneficial rains
In Argentina attracted little attention.
There are fair export orders here, but II
l. difficult 20 accomplish much owing TO the
limited offerings and the scarcity and high
cost Of ocean freight room.
At one time May contracts were &c
higher, but later fell &c and rallied sc.
Yes'day's Previous Year
Cash. close. close. ago
New York........si.toIa silt 1884
Chicago gss, december. .s2ss 80 .s47l
Chicago. May. .s5Zs 1854 .07la
oats-There was a small advance in the
oats market at the beginning OF the session.
but subsequently there was decline Of
ga &c. with e rally Of &c afterward. The
comparative steadiness was attributed 20 a
good domestic inquiry. and moreover. ex-
porters are showing fair interest, but large
shipments are hindered by the scarcity Of
ears and also by the scarcity OF ocean freight
room. Furthermore. values are not cOnsid-
cred high. compared with wheat, corn and
other grain.
Yes'day's Previous Year
Cash. close. close. ago.
New York ...... SO $50 ~
Contract.
Chicago. December. SOS .5e7s .se7s
Chicago, May. .6o34 .stI4 ~
Rye.-Prices were firm.
Yes'day's Previous Year
close. close. ago.
Cash. y. Y. bush. $751; sl.6i sio2
Flour and Neutrality-suspicious. were:
Yes'day's Previous Yea,
close. close. ago.
Wheat. Mimi, spg. pat. se.45 $3.50 s5.25
Rye four. choice. ...... 7.s5 7.e5 $50
Cernmeal. kiln dried go. 5.35 5.35 3.25
Bran, In sacks. 5000 3i.95 1855