New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-11
- Commodities ~
> u s ( e n a n c e
Cereals

Corn The corn market experienced
a break Of 4a.c 70 5Ssc under ore of the
most aggressive selling movements
which has occurred for months. The
pressure seemed to come from all direc-
lions and revealed larger outstanding
long interest than was generally sup
posed 20 exist. Some very optimistic
reports regarding the crop outlook may
have been responsible for some Of the
selling, but 1t is apparent that the
trade at large believes that the gov
eminent is earnestly opposed 20 high
prices and that there IS little proDa-
biiity OF decision IN favor Of chang
ing the maximum price at the meeting
Of representatives Of leading exchanges
in Chicago to-day.
The recent closing Of the cotton oil
market against speculative operations
and predictions that the whole proYl-
sion list will come under similar re-
strictions. as well as the licensing Of all
handlers Of foodstuifs and the taxes i'm
posed upon all transactions in grain
have created such a mountain OF din
cultics that those who have entertained
bu!lish convictions regarding the mar
ket sold out to be on the safe side. The
peace rumors which have been circulat-
ing Of late have also been u minor fec-
tor IN the situation, and the dem nd has
been very light.
The technical position Of tie market
has doubtless been strengthened by the
heavy selling of the last few days. and
il has not yet been shown how the mar
ket for new cash corn is going TO shape
Itself Some authorities think that
farmers may sell freely, but the move
ment of wheat and oats has not been
up to expectations, and similar condi-
tions may develop in corn.
A cargo Of Argentine corn arrived in
New York yesterday, consisting Of about
100000 bushels, and there was said 70
have been another sale of about 5000
bushels 10 arrive, prompt shipment. at
$40 New York Prices compare
as follows:
Yesday's Previous Year
New York: close. close. ago.
Corn. No. yellOw.s2O2ls 5000. 80
Chicago:
December ........ 1884 1885 .76Ds
May ............. 1.oS14 1.i44s 1873
Wheat.-Reports regarding the ex-
tent Of fall seeding of wheat continue
most encouraging. The weekly weather
and crop bulletin said that ploughing
and seeding are proceeding under
favorable conditions except in few
places where il IS too dry and that
the grain is terminating and growing
well According 70 THE Price Cur
rent" the winter wheat acreage prom
ises TO b. a record one. with an in
crease Of at least 10 per cent. com
pared with the area seeded last fall.
Oats.-The sharp break in corn had
a bearish influence on the oats market,
which closed weak, with net losses Of
Is 20 4 Sc. Some OF the same factors
which influenced corn affected oats and
there was noticeable hesitation about
taking an aggressive stand on the buy
ing side Exporters were again in evil
dence, taking about 100000 bushels, and
this added certain amount of support.
Country offers were not large, and re-
cepts continue moderate compared
with the size Of the crop. The local
cash market was weak. Prices compare
as follows:
,v YesSay'' Previous yeat
Cash. No white. .65 90 .534
Chicago;
December ....... .57ss so .4sss
May ............. .5sl. SOS $40.
Rye.-Market steady.
Yes dar's Previous Year
New York: close. close ago
Cash. No. Westn. $3.50 Si.e5 s133
Flour and Meal Quotations were.
Yes'day's Prevou, Tear
clo-c close ago
Flour. Mimi. spg. pat .i2.5o si3.25 $685.
Rye -four. choice ...... 1920 1890 6.75
Cornmeal. kiln dried go $50 40
I Bran. in sacLs......... $500 $500 27.75