New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-21
Comm ditie S


they are generally increasing.
Foreign agents have evidently
bought enough to meet requirements
for some time TO come and now own
large quantities awaiting shipment
from different ports, but they must
still provide for the more distant
future. Although the presence Of the
latest German raider may check for
eign buying temporarily, II is reason
able TO suppose that this obstacle will
be overcome and that Europe will re-
sumo buying on large scale. All OF
the foreign crop news - unfavoraole,
suggesting smaller yields and larger
import requirements. Possibly tsr-
seeing dealers were impressed by
some such idea and bought July con-
tracts while unloading their May. As
a result, the May premium In chicago
narrowed TO 34hc, against 369sc on
Friday. The opinion seemed to be
spreading that July has been selling
at too big discount.
IL is argued that there is little hope
of peace for many months to come, so
that the European demand will be
continuous. Hence there will be an
unusually heavy call in July from eX-
porters. Moreover, il is believed that
the new crop will command as much
money az the old because it will be
in urgent demand from millers in the
Northwest, where supplies are being
reduced to dangerously small proper
tions. That interior spring wheat
millers are already experiencing dif-
liculty in securing wheat is clearly
demonstrated by the shipment Of &c.,
900 bushels from Minneapolis. As q
rule, that market ships out little or
no wheat, the bulk Of the arrivals be-
ing ground by the big local mills.
Despite all the talk Of slow for
eign demand, Omaha wired that New
York exporters were bidding equivs-
lent to s2.06. or over, for No. hard
wheat.
Ycs'day's Previous Year
close. close. ago.
Cash; Gents Gents (centsl
New York. .... 2.o5l4 2.oel2 t4514
Contract:
Chicago, May. 1855 1873 1925
Chicago, July. 1875 1885 1854
Corn.---At the outset the market for corn
stubborn. Selling for the moment was
checked by the comparatively light receipts
at primary points, small deliveries by farm
pesn markets continuing strong because Of
the receipt Of further reports Of deterioration
in Argentina, where the weather was still dry
and hot.
nounced weakness. prices declining q Glc. 10
close sc net lower. The weaker trend vas
sscribed chiefly TO longs taking in profits.
Yes'days Previous Year
New York. ......sii2Ia s.ia94 80
Contract:
cRieasc' %ay Nay, 1.SSSSHs 1919 z zs5
Oats.-Ths market, although slightly low
or, was surprisingly steady. Early in the ses-
sion prices showed loss Of "a &c. but later
declined LGpSsc with May closing asc net
lower and July &c. II was asserted that a
material decline was checked By a falling OF
in deliveries at interior points, which led TO
expectations of decrease in primary re
ceipts. There vas said 10 be good buying by
prominent interests in the West, while the
domestic and export demand was fair. I'M
fortunately general activity was prevented
IN part by the scarcity Of freight cars and
also by the light supply Of tonnage. Never
theless. exporters contracted for about I0o,-
900 bushels.
Yes'dsys Previous Year
Cash: close. close. ago.
New York ........ .6774 .e794 81
G CHESS. MA Zig S.: :5s S 80:
Rye.-Prices were steady.
Yes'day's Previous Year
close. close. ago.
Cash. N Y. bush. $751; si.5i Sio8
Flour and MesL-Quotations were;
Yes'day's Previous Year
close. close. ago
Flour. Mimi. spg. pat. .Ss.4o $40 $50
Rye four. choice. 49,. 40 40 500
Cornmeal, Kiln dried o. 5.25 5.25 3.s1
- -, eel "a M "a 90 % o5