New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Yes'day's Previous Yea
Susten ance
Cereals

NCAColo
Wbeat.-Prices in domestic wheat
markets moved sharply higher during
Yesterdays session. At one time May
showed an advance Of NC and July
24c. Temporarily in the morning the
Nav premium widened 70 3l1+c,
against &c Wednesday, but late IN the
day lessened TO 361zc.
Buying of May early in the session
was stimulated partly by the strength
in cash markets in the West, due TO
light primary receipts and decreasing
stocks. =,
It appeared 70 be the consensus OF
opinion that the American markets
should profit by the interruption TO
sbipments from Argentina, as the
shorter haul from American ports TO
Europe and the better facilities for
the protection Of shipping makes this
the most logical market for supplying
European requirements. The export
demand was not particularly active
and export sales for the day were esti-
mated at only about 100000 bushels
Free trading, however, was prevented
by the scarcity Of tonnage and the
high rates asked for marine insurance.
Prices paid for prime wheat at IN
terror points by millers and exporters
are higher than those current for Ma
contracts in Chicago. In some m
stances they are reported to have paid
9dl0c a bushel premium TO secure
choice wheat throughout Kansas.
The stronger trend of July contracts
in the afternoon was partly ascrlbed
10 the receipt Of less favorable reports
respecting the crop in Kansas. Ae-
cording to private estimate, the con-
dition there is only 66isc, against
S4izc year ago and S7isc two years
ago. Wheat in farmers hands is esti-
mated at only 10 per cent, or slightly
less than 100000 bushels.
Yes'day's Previous Year
close. close. ago.
Cash: cents Gents (cents)
New York. 2.o7Ia 2.o6 t.43
Contract:
Chicago, May. 1905 1873 1885
Chicago, July. 1882 1.5o1s 1-22Ia
Corn-The market for corn was also
buoyant. May moving steadily up 2%e TO the
nigh record since the Civil War. Afterward
moderate profit taking caused a slight rece5-
sion. and the net gain FOR the day was ] sc.
II was clear that short sellers were anxious
20 cover. owing partly 20 the disappointiug
primary receipts. light farmers deliverie5
checking the movement from the interior.
Buying was stimulated also by the bulls p
tenor OF csblcs. European markets being
strong owing partly 20 further complaints of
deterioration in Argentina. where the
weather continues hot and dry. Exporters
were showing more interest in the markets.
and II was rumored that they had contracted
FOR close 70 500 900 bushels.
Yes'day's Previous Year
Cashi close. close. ago
New York. silt s1Its4 .Ss34
obie UupA' M.y...... 1.o2ss 1ooss .78l4
Chicago. July Gee. 1.oo7s ss4 1874
Ost..-This market was stronger May ris-
ing ia and July lc. Afterward May re-
ccded i.c and July &c. The upturn was
partly in sympathy with the advance iu
wheat. and partly owing TO fair dome ic
and export demand. II was claimed tina,
there are large orders here from Europe
owing TO the poor outlook for shipments
from Argentina. While the movement from
fhe interior 20 the seRboard IS still restricted
bv the scarcity Of freight cars, II was
claimed that over 100000 bushels Rad been
booked for European account.
Yes'days Previous Year
Cab. close. close ago.
New York .......- .e7}4 .67'a .'7's
chicago. May. .59ls So .57ss
Chicago. July ...... .56'4 .55's .4s's
Rye-Priccs were firm.
Yes'dsy's Previous Year
close close. sEo.
Cash. ~ Y. bush $3.50 $3.50 $40" ?
Flour and Mesl.--Quotstions were
Ycs'dAy's Previous Year
close. close. sgo
Flour. MINI. spg pat $40 1886 S6.65
rye. -four, choice ...... 7.7o 40 $50
CornmssJ. kiIt dried SIS SIS $50
BrAs. in .seR 80. 1906 $3.50 go