New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-06
PRODUCE AND
GRAIN PRICES
Chicago Holiday Reduces
Wheat Trading-Other
Markets Steady.
GENERAL MARKET REPORT.

Operations in the wheat market we're con-
sideraoiy curtailed yesterday by the holiday
IN Chicago. where the Board Of Trade was
closed on account Of judicial elections The
other markets, however. showed considerable
steadincss, and at the close MINNEAPOLIS was
sc net higher. while Winnipeg showed net
gains OF = To sc. The upturn was due
largely 10 covering on the part Of those who
had sold on Friday on the first news of the
great naval battle IN the North Sea and on
fears that IL would have strong bearing on
shipping conditions. Subsequent develop
ments indicated that nothing had occurred
20 change the situation other than TO in
definitely POSTPONE whatever chances there
had been Of carly peace negotiations. The
cash and export demand showed little or no
Improvement. however, and Liverpool was
weak on large supplies there. Advices from
the spring wheat belt were somewhat con-
ficting regarding the area planted. estimates
ranging from 10 10 20 per cent decrease
from last year. Reports that the monsoon
had broken i'm India was considered favor
able for the best interests OF the crop there :;
rains were also reported in Australia. where
moisture was needed. and conditions in Ar
gentina were favorable both for the new
crop and for the movement. Worlds ex-
ports were IL. $780, 900. compared with 1864
900 last week and l0.744.0 900 last year. In
the local cash market No / durum was
Sl.ll2. No ] Northern Duluth. sl.2la, No
I Northern Manitoba. sl22i2, all o b
New York.
CORN.
The corn market was inactive but steady
prices in the Southwest showing gains of
iidhsc, Notwithstanding very favorable
weather conditions and satisfactory crop adj
vices. Offers were small, and apparently
shorts were disposed 10 cover. The Missouri
state report made the condition in that state
SIS, compared with So last year Liverpool
was l3@ld lower owing TO very small
Il
compared with 2,442, 900 last week and s.
b25, 900 last year. In the local cash market
No . yellow corn was quoted at s0ssc, I
New York.
The oats market was very inactive and
price changes were narrow. Weather and
crop advices were favorable. but were Offset
by rumors OF export demand. The local cash
market was steady standard quoted at
45IRc: No white, ara 45c; No white,
43l9@I412e: fancy clipped white. 46g47 12c;
ordinary clipped white. 44l2mi6c.
RYE.
Market quiet; No 2 Western. sl.o7. / f
New York.
FLOUR AND MEAL.
The -four market was again inactive. but
there appeared to be little more inquiry
in some directions and prices were steady
and about unchanged. Eye FLOUR steady :,
fair TO good, s5.lOWs5.25: choice to fancy,
SSl3oGs5.65' CORNMEAL steady; kiln
dried. S4l0. BAG MEAL quiet; fine white
and yellow. SIZE; coarse, SI.5e9 sl;oV
FEED City steady bran, bulk. S23 lOO-lo
-four middings do, $3.50; red dog hour
l4O-lb sacks, S33: Western steady BRAN
lOO-lb sacks, S23mS26. standard middllngs
do. S25 -four middlings do. $500 red dog
-four, l40-lb sacks. S32 oilmeai, s3Zd S5-'oV'
PROVISIONS.
The provision market was dull and nomi-
nal. with traders apathetic owing 10 the
holiday in Chicago. The hog market, now
ever. was easier and receipts were quite I'D
eraI Receipts Of hogs at Chicago were
10000: estimated for Tuesday. $1,000 nan
sas City received II 900 and Omaha o,O9O'
PORK steady mess, S2j.25M s25.l5 family,
s26G S2s; short clear, s23a $50; BEL StdL
s906I s3I. DRESSED HOGS quiet; bacon
13i.c: $50 10. 1870; 100 10. l3l2e 40 10;
13a9c. pigs. l4l.c. CUT MEATS Pickled
bellies quiet 10 ID. l5Ac; II 10, loac; IA
In l5c; picked hams steady. 1910 12c
TaTTo steady: special. l0iae; country.
i0t,I0i.c. city. 90, aloe LARD dull Mid
die West. Il 65M l2.75c; city lard duh. lZ"sc ;
refined lard quiet Continent l4.iSc' brazil
kegs, l5.35c; South America lt:52e cen,
hound steady. ll1sMl2hc. STEARlNh
steady cleo. lla.m l2c; city lara s'ear'ne'
COFFEE.
Tn. coffee market again showed an easy
undertone and az the close values were "a II
points net lower. Total sales were Z-,loO
bags. Outside longs. including Cotton TX
change interests. were the principal sellers
although toward the close there was more OF
less selling which was credited to trade m
terests and was thought TO be against more
liberal cost and freight offers.
Prices in the cost and freight market
were not materially changed. but the under
tone was easier. and it seemed to be the
opinion OF operators here that Brazil VIII be
disposed to sell as the season advances.
Santos ls were offered at l0504 lO65c cost
and freight for future shipment, LONDON
credits. and at 9.75d9.S0c. o b. Brazil.
Receipts have not decreased materially so
far. but they are showing moderate increases
from day TO day and are expected to pick
IN from now on. The situation abroad was
not believed to be favorable for large
business with Europe. and this may result
in larger offers 10 the United States.
The spot market was inactive and nominal
Is unchanged. with Rio Is quoted at 9S'c'
Satur-
Open. High Low. Close day.
dunc.....s a..