New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-13
Cereals

United States increased 2,f22,OOV
bushels during the last week, and the
total is now l7,630,0OO, compared with
68,s11,0O0 year ago. Receipts at
primary points yesterday were larger
than q week ago. and the movement
is gradually drawing up to last year.
Crop advices from India and Argentina
were more favorable. and Australia
has a good surplus. with the govern
ment building additional storage capa-
itcv in order that the grain may be
better housed than last year.
Corn.-Shorts in the corn market
covered very freely on Monday. and
prices were frmer. closing lac to
2hc net higher. The trade OF late
has been inclined 20 favor the bear
side on the supposition that The IN
creased offers of new low grade corn
would bring about lower prices. and
apparently the market was heavily
oversold. At any rate, a good demand
from those who have recently been
quite aggressive on the selling side
caused a sharp rise in prices. Some
authorities At the close were inclined
10 think that the advance had gone
far enough and that Il reaction was
about due. but sellers were still tImid.
New cash corn, Of low quality, was
weak in the West, with prices IN some
cases as much as % or 20 cents be.o"
those of Saturday. Al the same time
good corn was very scarce and strong.
So far there has been no accumulation
as result OF the movement OF new
corn. and the visible supply in the
United States decreased $4,000 bush
els for the week, bringing the total 20
$4,000, compared with 4'-oS'vVo
year ago.
Weather conditions were not taVora-
bic. Temperatures were comparatlNe.y
high for this time OF the year ana
further rains occurred, with predic-
tions Of soft weather for the close OF
the week. This was very undesirable
for curing the new crop, and II was
feared that the movement VIII De
further delayed. This was reflected IN
increased strength in the January
position. which showed the greatest
gains for the day With premiums for
low grade corn now practically dlsap-
reared. IL was thought that farmers
are not likely 20 take risks OF shipping
low grade and will probably keep their
corn on the farms, where they VIII
endeavor TO improve its condition. The
frmer tone in the stock marSet and
the more favorable Interpretation OF
political conditions were also bulllsh
factors which exerted more or less IN
Yes'day's Previous Year
Nevr Work: close. close. ago.
Corn No. . yellow 1920 $3.50 silrs
Thtraco.
n, Sn1o5so' ..... 1.2os TO .es4s
MAY ............. 1.1574 Ia 1875
Oats.-A sharp upturn occurred in
the oats market, prices closing with
net gains of TO 2lsc. The government
was credited with having taken about
. OOO. 900 bushels Of cash oats last week
and export sales during the last few
DAYS were said 20 have aggregated
about 100000 bushels. In view. OF the
small country offers, this buying has
strengthened the cash position ma
terially. Farmers arc not selling, and
while there are plenty of oats IN the
country. they are not pressing for sale.
The domestic visible supply increased
. GAO 600 bushels for the week. bring
ing the total 10 1890, 900, compared
with l7,30S,000 a year ago. The local
cash market was irmer.
Ye-'day's Previous Year
New York: close. close. ago.
Cash. No. white. 20 .6s .6ib4
Chicago:
May ............. .e'7s SIS .s2's
Rye. Market firm.
YesdATs Previous Year
New York; close. close. ago.
Cash. No. 3 we-t'n st.seD, sts5,s si5s