New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-27
Sustenanc
Cereals

Wheat.-The market was again under
pressure and values dropped to the
lowest level reached since the liquidat-
ing movement began, two weeks ago.
At the close quotations were Az to s
cents lower, representing losses of
about s. cents from the high point Of
the season and the prices fixed as max
imum by the Chicago Board of Trade.
The selling was again due TO favorable
crop advices and weakness in the cash
position. There seems to be general
tendency to raise estimates in every
direction, and prominent crop expert
was quoted as placing the prospective
Weld in Kansas at 100000 to 100000
600 bushels, which compares with re-
cent state report figures of 100000
bushels.
A Western trade paper estimates
that consumption is steadily being re-
duced and that in the United States
the per capita consumption Of wheat
this year will be AZ bushels, compared
with a normal consumption of OF
bushels. 1t is now estimated that the
carry-over from the old crop may be
around 5O,0OO,000 bushels, and many
believe that there is possibility OF
America producing a combined yield of
zoo. OOO, 900 bushels of winter and
sprirg, which would leave a comfort
able surplus for export.
Cash wheat was offered in somewhat
larger volume in the Northwest and
prices were lower, Minneapolis show
ing losses Of 1919 cents for the day, or
about 40 cents per bushel during the
mast week. The local cash position IS
wheat available. There were rumors
that exporters are picking up httie
wheat here and there, but apparently
the demand is of small proportions, Al
though clearances for the week were
somewhat in excess OF the previous
weeks shipments.
Yes'day's Prev's Year
Cash: close. close. a ago'
New York. -. .S3.06 $500 SIZo/2
Contract:
Chicago. July. I'll 2.t7Ha 1885
Chicago, Sept. 1.84 1.e8 1.,oI4
Corn.-An early advance OF about &c per
bushel took place on covering by shorts. que
TO fears that rains In the West might uelay
country offerings, but the market turned
weak after the first hour and sustained
violent break. which left prices SAC TO 5i2c
net lower What is generally interpreted as
being by far the largest acreage ever planted
was again the motive for selling pressure,
and there was also considerable selling on
renorts of increased deliveries from Indiana
and Ohio. Taking the belt as whole, plant
ING Is about completed, so that rain VIII he
more beneficial than otherwise at this time.
Some reports noted an Improvement IN the
car supply at many points, and this LED 10
belief that receipts would soon expand
bp all
with futures and closed weak here
Yes'day's Previous Year
cash. close close. ago.
New York .......s,.77 s'.7s .s'
Contract: r.
Chicago, July. t.4eis i.s2 %
Chicago. September 1929 ,.3Ts so
Oats.-In the frst half hour the market
advanced about a cent bushel, but turned
weaker, and at the close was Genus net
lower. The favorable crop outlook. WIN
probably a record acreage. together with de-
Ginning premiums, indicated considerable COM
mission house selling. but the market did not
fully match the break in corn owing 10 evil
denrc@ of renewed export interest Cash oats
Yc.'day's Previous Year
Cash. close close. ago.
New York ........ ~ TX 1904
Contract: 49, 80,
Chicago. september. sci, .5sH 1874
Rye.-Market steady.
Yes'dsy's Previous Year
Cash: close. close ago
New York, bush. -. $3.50 $3.50 Si.0712
Flour and Quotations were:
Yes'day's Previous Year
close. close. ago.
Flour. Mimi. spg. psttt4.oo si4.oo $3.50
Rye -four, choice ... i2.25 t2.25 $50
Cornmeal. kiln dried. $40 a.7o AS
Bran, in ,acls........ $500 5000 24.so