New-York tribune., 1917-05-24
SuSten a nee
Cereals

Wbea,-So far as futures con-
tracts we're concerned trading yester-
dav was Of small proportions. friceS
wore easier and at the close showed
net losses of to 5 cents. The casn
nosition was also of weaker tone and
nrices in the different markets showed
losses of anywhere from to lO cents
Export buyers appeared 10 pc com
nletelv out Of the market, and as tne
mills were also doing comparatively
little on account of the dulress III
-four. cash wheat did not hnd as ready
sale as il did a short time ago. farm-
ers are selling in a small way, but IN
the aggregate such offerings are cauS-
inc a little more pressure on the casn
market. Broadly speaking, the IRA
is waiting for more definite develop
ments in Washington and there is
little disposition to try to make con-
tracts ahead.
The news on the new crop was OF
favorable nature both from the wintNr
wheat belt and from the Northwest
spring wheat sections. Harvesting
operations will begin in Texas carly IN
June and will move steadily north-
ward. The latest estimate on IeXas
indicated a crop of about lo,oOo,ooo
bushels in that state, Oklahoma eX-
meets about 30,000,000 while estimates
for Kansas range all the way from the
government estimate OF 42,0OV,oVo up
TO 10000 900 or over. The daily cables
from Liverpool indicated satisfactory
condition there regarding imports. win
the American market less availaDle lot
supplies, efforts arc apparently beng
made to move a larger volume oil "heat
from other countries, and 1T was said
that shipments from both INDIA ana
Australia have increased materially.
Australia is also shipping wheat 10
America. and it is said that about w.
OOO 600 bushels are expected TO arrive
on the Pacific coast.
Yes'day's Prev's Year
Cash: close. close. ago.
New York. .$315 $500 S121A
Contract:
Chicago, July. 2.27 2.32 f.oss4
Chicago, Sept. 2.01 2.o5 1.'o7s
Coru.-Reports on the new corn acreage
were OF most satisfactory nature Inc
price Current said that the area may be
/, 00O 0OO 20 100000 acres larger than
last wear. which would make II the largest
ever planted. The government crop bulletin
.a;d that the higher temperatures and gen.
a-nI,s rains produced conditions much more
favorable 20 corn in the principal states and
tbat the work OF planting and replantins
,yas carried on rapidly. The very optimistic
reports Of the new crop recently nave ap-
narently caused a little over-enthusiasm on
the selling side. and after an early decline
~ &c 10 "a prices rallied on covering by
sborf. and final quotations were lec net
higher for July and &c lower for September.
Yes'days Previous Year
-I close close. ago.
New York .......s1.ss s'.saA .s49s
Contract: ., .-.t ~
Chicago. September. l.4fs4 l.4s '|oH%
O.t.-sentimen in this market was quite
.venly divided, and in consequence prices
lily in the day moved within eompara-
,,vsIv narrow range. The fattering reports
on the new crop. however. again caused sell
ing. and at the close OF tne day the marnel n'
wss easy. with net losses OF ise TO &c. Inc
iorsl cash market was easier
Yesdsy's Previous Year
Cash: close eoie o seI
New York ......'. "' "'fe
cb;eaeo' July go. .s5 .s5.s .4oIs
ChiesSo' September .5S1s sos ''S'a
Rye-Market frmer.
Yes'dsy's Previous Year
81. close close. ago.
y Ca cs'S, 9ork bush. $3.50 s2.43 si.o7Is
Flour and Mesi-Quotations were;
Yes'day's Previous Year
close close. ago
r,.ur Mimi. .pr patsi4.zo si%.so $3.50
pn. aour choice 80. t2.75 i2Is $50
Cornmeal. kiln dried s,ro 20 .,oo s,oo ,sssoo
Bran. in sacks. Wv r<~