New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-19
Susten an!ce
Cereals


yesterday, and after some erratic price
changes at the start values developed
frmness. showing at the close net
gains of to 9 points. More cash
wheat was available in some quarters,
but prices were firm. Minneapolis casn
wheat closed &c. to 13c. higher for the
day. while Toledo was &c. higher.
Leading grain interests are working
in conjunction with Federal authorities
in Washington in an endeavor to NIX
upon a plan which will offer an AMIGA
bic solution of the whole food problem.
The trade is not, however, particularly
hopeful of an carly resumption OF uh-
restricted trading. and many believe
that the market will not be evened up
until hedging sales become general
against the new crop.
Export interests are not buying wheat
at present, and it Is argued that Tor
eign buyers, profting by past e~Pe-
riences, will not again endesvor TO get
control of such huge quantities as they
are credited with having bought IN tne
leading markets during the last winter
and spring.
Reports on the new crop outlook were
again highly satisfactory. II private
adyices can be relied upon, the crop
in the Southwest has improved ma
teriallv from the conditions reported
nv the last government report. Seed-
ING operations in the spring wheat beit
arc now practically finished, and wniie
the acreage is not as large as had been
hoped for it is large enough 20 pro-
duce a liberal crop under favorable
cI;,na,ic conditions. Receipts at pri-
mary roints continue TO run IN excess
of cancellations, and more wheat ~
canning out from the country than was
thought to exist there.
Ycs'day's Prev's Year
oh. close. close. ago.
New York. 1919 1916 $'.27s4
Contract:
Chicago, July. 2.28 2.le l.iSIs
Chicago. Sept. POS 1.99 1.'2I2
Corn.-An opening decline of to cents
bushel was the only weakness , nno.d ~ ~
a good commission house demand. winch al
,,nced nriecs steadily, the close showing -
10 ~. cents net gain. While the "eather
was GOOD and a large increase IN acreage u
looked for. the cash position remains 30
strong and there was such good demand
Co. snct grain from manufacturers and
others that there was not much disposition 10
seii The old crop positions. In some quarters
Larger movement Is expected when the
pIantine season il over. Receipts at the
W.st were much larger than those oil year
"s'' Yes'days Previous Year
N. sa' York SIS r.7s|. .ss'.
Chicago. July ...... 1924 80 .I3's
Chicago. September. ,.44ls |3' "
Oats Tn. trend Of this cereal WAS also
inward. with the close 10 les cents net
higher A good cash demand va. one oil ,he
main factors in the advance. large sales De
ing reported To exporters. possibly over =,
oo0. 900 bushels in two DAYS. a" s.aoos.d
points were in the market for oats. and
while crope conditions. ~ IN corn were
favorable the light movement and the
strength Of the cash position seefneh 10 no a
bar 10 any selling pressure. Locally eash
o"'' =" CIV WV Yesday's Previous Year
Cash: close Close aso.
New York ..-.-.-. IRE =" va
Contract: a,
Chicago. July .ees so. .sa
Chicago. September. -ses -9''A 'Ss9s
Yesday's Previous Year
Cab. close close. ago.
New York. bush 80 $40 s2.'s H.o7
Fisur and Quotations were;
Ye,'dsy's Previous Year
close close. ago.
Flour. MINI, .ps. patsi..lo sis-se $3.50
RYE -four, choice 49,. I2I5 Up oeo
cornm-al kiln dried. $50 80 ., - ~
Bran. in sacks ..-.-.. F3.oo -'~ '
D-I,,