New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Com ditie S

potent Influences TO have caused even
greater changes and excitement
Prices after an opening decline OF
&c. immediately advanced rs. whlch
was almost wholly attributed to en-
couraciuc cables. European markets
being stronger. owing TO the receipt
Of further unfayorable reports from
Argentina. where the weather continues
hot and dry. making II almost certain
that the exports from that country VIII
become decidedly lightA
Indcc /. there were rumors respect
ing the placing OF an embargo on eK,
ports from that country. which wouid
doubtless mean larger buying by eN-
porters here.
suddenly there was radical change
nriccs falling sharply, the December
in Chicago declining 23s. TINS was
attributed largely TO the action OF the
British government in appointing
food controller. which would. OF course
probably result in greater economies
I'm the consumption Of foodstufs. and
hence a decrease in imports. In ad-
dition. IL was stated that the BRUSH
government had arranged for much
larger tonnage for the purpose o.
bringing larger quantities OF wheat
from Australia. Afterward there was
slightly more frmncss, prices'recover-
inc sc. which was largely attributed
10 continued light primary receipts and
10 fairly heavy shipments 10 consum-
ors here and abroad.
Ia the afternoon there was even more
striking weakness, prices falling enc.
in brief period. Many holders ap-
poared anxious to take IN profits, be-
cause Of vague rumors from Washing
ton that officials were IN favor OF the
proposition 10 place an embargo or
cxports. However. the general impress
sion is that the bulk of our surplus
has been sold for shipment abroad
Yes'day's Previous Year
close. close. ago.
Cash. cents (cents) cents
New York ...... 1893 1877 VITA
Contract:
Chicago. Dec. 1855 1872 LOS ID
Chicago. May. 1915 1925 1.oI1s
Corn.-This market moved somewhat in
dependently of wheat, which was not sur
nrisinc inasmuch as corn is almost wholly
a domestic proposition. The new crop Is
not sufficiently large 10 meet home require
mcnts. hence the action Of the British gov
eminent was regarded as inconsequential as
far as corn is concerned.
The market advanced lAc at the begin
ming Of the session. but later became slightly
weaker. there being increased pressure to
sell partly in sympathy with the big break
in wheat and partly owing TO more favorable
weather West. which viii doubtless result in
larger farmers deliveries TO country stations
and hence some increase IN primary receph.
There are fair export orders here. but trade
II. h. no offerings
and the great scarcity Of ocean freight room
Yes'day's Previous Year
Zach. close close ago
New York ........s1t7 n.t5 .75I4
Chicago. december. .s5}4 .99sA .stA
Chicago, May ..... .sII7 '9|/4 90
Oats.-The market for oats was also
higher early, but subsequently longs began "a
unload and with less demand all Of the early
advance was lost. prices closing just where
they were Wednesday night
Crop advices from Argentina were such As
70 suggest the necessity for foreigners buying
said TO be doing all the limited amount oil
available freight room will permit.
Yes days Previous Year
Casb. close. close. ago.
New York ........ SPA .6234 az
Chicago. december. .5zZs .57zs .33ss7s
Chicago. May ..... .6t7s .oi7s .4oIa
Rye.-Prices were frmer.
Yes days Previous Year
close. close. ago.
Cash. n. Y, bush $3.50 s1.58 sf.o5s4
Flour and Meal.-Quotations were:
Yes'day's Previous Yea,
close. close. ago
Wheat. Mimi. spy. pat $3.50 $40 $3.50
Rye -four. choice. ...... 800 800 5.e5
Cornmeal. kiln dried. $40 5.35 SO
Bran. in sacks. .3f.65 1855 2265