New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Sust e n a n c e
Cereals

Wheat.-The wheat market as
whole continues in waiting position
and IN the absence Of trading facilities
very little business is being done
Prices for contract wheat In the chi
cago market, where only September is
traded in under limitations, advanced
about 10 cents per bushel during the
last two or three minutes Of trading
on attempts on the part Of shorts TO
cover. II was said that the demand
was only for about 10000 bushels and
nrices moved as much on the covering
~ this small amount as in times past
when il would have required almost as
many million bushels to bring ABOUT
the same result.
Farmers continue to hold and cash
nrices are very strong. Mills are not
able TO buy cash wheat with which to
grind -four and the -four output at the
three Northwestern milling points last
week amounted to only $4,000 barrels,
compared with 415,000 for the CORE
spending week a year ago. Trashlng
returns show fine yields OF winter
wheat, and 1t Is thought that the rains
of the last few days in the spring wheat
belt have been highly beneficial. There
seems to be little probability Of much
change in the market until the 1000
bill becomes law and the attitude OF
the government Is clearly defined.
Europe is not buying wheat here and
seems quite optimistic over the ques-
ton Of future supplies, and there are
large stocks in India, while Australia
has 100000 bushels in its reserve
and the new crop outlook in Argentina
is favorable. The local cash market
was again nominal, although it was said
that No. 2 hard winter wheat was Of
fered here from Kansas on the basis OF
s2.e6la, c. 1. f. New York.
Yes'day's Previous Year
Cash. close. close. ago.
New York. s2.75 s2.75 s1.42
Contract:
Chicago, Sept. 2a1 2.tS 1898
Corn.-Ths corn market showed strong
resistance TO bearish influences. Prices closed
rs 20 l2 &c net higher, despite the fact that
crop accounts have improved and the recent
rains in the Southwestern drouth area are
expected TO prove of great benefit. The
strength in the market IS due largely TO the
cash position and the belief that the scarcity
Of old corn assures a very active demand for
the new crop rs soon as il can be moved.
Cash corn continues 10 sell az fancy prices
and while some authorities believe that the
new crop positions are high. shorts are very
nervous and cover quickly on any signs OF
strength. In the local cash market No.
yellow corn was quoted at S2.43l3 and No.
mixed ut s24lk / New York.
Yes'day's Previou, Year
Cashi close. close. ago.
New York.......s2.@3Ka s2.45 .ss7s
Contract:
Chicago, December i.t7ss 1.t57s .esH
Chicago. May. t.t5ss IA IVA
Oats.-The oats market was moderately
active and firm. closing IL to Use net
higher Shorts very nervous and
covered freely despite reports of larger eoun-
try offers and the prospects of a record crop.
The local cash market was quiet
Yes'day's Previous Year
New york. .s9Ka 80 .4sla
Chicago, September .soH .5sZs .42,s
Chicago. December. 81 .5924 .4Ss
Rye.-Market quiet
Yes days Previous Year
Cash: close. close. ago.
" Y. No Western.s1.9o $40 $40
Flour and Meal.-Quotation were:
Yes'day's Previous Year
close. close ago.
Flour, MINI. sps. pAtsl375 sis7s sezs
Rye -four. choice. 49,. 1900 1900 $50
Bran. in sacks ~. 400 <ooo 22.25