New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-19
) u S t e n a n c e
Cereals

Wheat-There was little feature to
the market, except for some evening up
of September contracts prior to the
suspension of business in futures on
August %. September at one time sold
1Ac over the previous night, but lost
part Of ii later IN sympathy with corn
and closed lc net higher. There is still
some business doing for export, but the
trade is awaiting the government price
before making any transactions of con-
sequence. According to the Michigan
state report, the wheat crop in that
state is 12,250,000 bushels, compared
with the government estimate OF A.
900 900. In the forecast cooler weather
was expected in the Northwest, where,
according to private advices. harvest
ing of spring wheat is progressing
under favorable conditions. Thrashing
of winter wheat is also said to be well
along toward completion in other
states. A Baltimore message said that
the feet of Norwegian vessels which
has been held up there for months was
now unloading grain, and that other
neutral ships had been ordered 10 be-
gin unloading next week. There was a
good demand for cash wheat in Mime
apols, with no special change in prices.
les Qdy ITcHlOuo ltdl
NC. Cash 9ors s slSse' s s52ss $780, sg@
Contract:
Chicago, Sept. 2.02 2.O1 1.4Is4
Corn.-Under promising reports in regard
TO the crop and rather active liquidation, the
market displayed good deal Of weakness.
closing 35sc to 4asc net lower. Many in the
trade are impressed with the idea of big
crop. some estimates running as high as
$500. 600, 900 bushels, and this has caused
selling not only by local operators, but by
the country WELL while cash property was
again weak at declines of from sc to l0c per
bushel.
The weather was generally clear over the
West. and the forecast Indicated rising tenn
peratures. which favorable. Reports
from Iowa predicted big crop If frost holds
off until the middle Of October. and adviceS
from other sections were of the same import,
creating a very boarish feeling in the trade
Shortly after the opening there was a rally
in the market. which carried prices back
close to the previous night, due TO a little
covering by shorts, but support was soon
withdrawn and the market gave way easily.
In view of the recent violent break in cash
prices, the public has been inclined to keep
out of the market. St. Louis reported offer
ings Of new corn guaranteed TO grade No.
at SIPS, for October delivery. and Chicago
reported offerings for September arrival at
Sl65. The cash market here was weak in
sympathy with the West.
Yesday's Previous Year
Cash: close. close ago
New York ......... s1.ss s2.oo74 .ssas
Contract:
Chicago. December. 1882 1.21Za .75la
Chicago. May ...... i.o614 1.os3s .7s1a
Oak.-New low levels we're reached in the
oats market as the result OF selling b. coun-
try interests, Influenced by ideal weather con-
ditions and increasing crop estimates. The
cash market was off &c TO Sc a bushel, and IL
was expected that receipts on Monday would
be large enough TO cause further decline in
the cash article. Speculative sentiment "a
yored a lower market and last prices were
about bottom, showing sc to 2asc net de-
cline.
Yes'day's Previous Year
Cash: close. close. ago.
New York ........ .72la .72Ia 81
Contract:
Chicago. September. STA .54l4 .45li,
Chicago. December. .53l4 .54ss .4s1s
Rye.-MaTket dull.
Yes'day's Previous Year
Cash: close close ago
n. Y. No. = western.st.s2 st.s5 sia5
Flour and Quotations were:
Yes'days Previous Year
close. close. ago.
Flour. Mimi. SPY. pat st2.75 $3.50 $500
Rye flour. choice ..... 1i.65 1855 SIS
Cornmeal. kiln dried. 1905 1905 40
Bran. IN sacks ........ $500 $500 246o