New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-04
Sus t e n a n c e
Cereals

Wheat.-The wheat market continues
to await action in Washington: UIu
contracts are being evened up IN the
different markets and fluctuations are
feverish The cash position is quiet
and verv firm. Farmers arc holding
their wheat. "The Modern Miller says
that throughout the soft winter wheat
states stacking is more general then
ever known before in those districts;
Cash wheat in Kansas City was quoted
at $3.50 for No. red and $3.50 for NO:
9 hard. with but little offering. Oid
spring wheat was quoted at S2.95 Tor
No. / Northern in Minneapolis and
$3.50 for No. . Northern. Mills arc
unable to buy wheat except at these
fancy prices, and every one in the con-
Stunning line is going very slowly, as the
whole situation is uncertain and is con-
sidered precarious.
There seems to be no stabilizing in
fiuence In the market and while IT -
hoped that the food bills, when com
pleted, will help matters, many old
established merchants are skeptical, as
they believe that any radical departure
from merchandising methods which
have grown up as a result Of years OF
experience is likely TO prove disastrous.
being harvested and yields are running
ahead of expectations. Cutting has
begun in the spring wheat belt, and
while the crop there will apparently
not be as large as had been hoped for,
il will be a fair average one. Com
plants have been heard of shortage
of cars and with the movement already
late fears of congestion are heard.
Cash wheat was offered in the local
market with No. red quoted at $3.50
{. o. b., and No. 2 hard, S2.65, (. o. b..
although quotations were nominal. No:
| hard from the Southwest was still
quoted at s2.961a, C. j. f. New York.
Yes'day's Previous Year
New York. 1888 s2.75 s1.53
Contract:
Chicago, Sept. 2.27Ia 2.31 1.34Ia
Combating IN the corn market was of
fair volume, but while operations were en-
tirely in the new crop positions the move
ment Of prices continues to be dominated by
the cash situation. in other words, the trade
is inclined TO be cautious about taking chances
on the selling side Of the new crop with cash
corn selling more than 81 bushel above the
price of December delivery. This makes the
chances of a big demand for new corn more
than probable, and the splendid prospects for
the new crop are having comparatively little
influence. A few complaints were received
from the Southwest Of damage by drouth.
but over the greater part of the belt the
crop il making good progress and the hot
wave has been broken. In the local cash
market No yellow corn was quoted at
s2.44la and No mixed at s2.42h2. c
Ye,'day's Previous Year
Cash; close close. ago.
New York .......s2.44h s2'4'h s4'a
Chicago. December. !.1zsS ,.,z7s ssys
Chicago. May. Lisa 1.is5s .729s
oat.-The oats market was slightly lower
owing 20 reports of hbnormslly large yields
and prospects Of increased offers from the
country. The frmness in the cash position
served 70 discourage heavy selling of Septem-
Der, and differences between September and
December showed n tendency TO widen. The
quoted at 9Oizc No 2 white. Ole; No 3
white. s9HM9Oc; No 4 white. sShqs9c
fancy clipped white, 92d94c: ordinary
clipped white. 90@92c all elevator.
Yes'day's Previous Year
Me-. c.; York . 'i So : .ss;, .i IS,
Chicago. September. eoI4 .eo1s .4a,4
Chicago, December. .6o9S 81 .46E,
Rye Market quiet.
Yes'day's Previous Year
Cash: close. close. ago
N. Y. No Western.S1.oo $3.50 S1.o7I2
Flour and Mssi.--Quotations were:
Yesday's Previous Yea.
close. close ago.
Flour Mimi. ;pg. patsis0ss 'i3355 ss!555I
Cornm.al. kiln dried OPS 925 40
Bran. In s.nL. ...... 400 1000 22.25