New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-21
Commodities


the governments price on wheat, even
the cash market was more or less un-
settled, and apart from moderate export
and milling inquiry there was little
feature to the latter market. There VIII
be no trading in futures whatever IN
Chicago after August %. Outside mar
kets showed similar dulness and scant
price changes.
Improvement was noted in Northwest
conditions, and especially in Canada,
where il was said that the outlook was
much better than at the end OF July,
all parts sharing in the improvement.
II was also reported that wheat cut
ting was practically finished in South
ern Minnesota and South Dakota, while
estimates of the North Dakota crop
have been raised to around 75,OOO,OOO
bushels by some interests, or lO,OOO,0OO
above the August report by the govern
ment.
The figures of Mr. Hoover estimating
that France, Italy. the United Kingdom
and Belgium must import 5H,OOO'OCo
bushels of wheat and GA 100000 bushels
of other cereals during the year at
tracted considerable attention. Against
this is his estimate of sS,0OO,OOO bushels
surplus i'm the United States and no.
100000 bushels OF wheat in Canada,
with a surplus of other cereals OF 3d.
600 600 bushels here and 100000
bushels in Canada. The visible supply
showed a decrease OF $4,000 bushels
in domestic stocks and decrease OF
1871, 900 bushels in Canada for the
week. Cash wheat here was easy.
Yes'day's Previous Year
New York 1927 s2.32 s1.5sLa
Contract:
Chicago, Sept. 2.o5 ZOE $50
Corn.-Although weak early in the
day, and at one time about 3 cents
down from Saturdays close, the corn
market showed subsequent strength,
which carried the list above Saturdays
close. Demand IN the late afternoon,
when most of the strength occurred,
was Of very good character and based
in part on Inglis's report, IN which he
said that the government was lOOOOO'-
600 bushels too high in its estimate OF
North Texas, Oklahoma, Kansas and
Nebraska, where he found conditions
much worse than generally believed.
Cash corn was lower at the West, but
exerted little influence on the demand
for futures. Industries were said to
be buying at Omaha and other points,
while remaining out of the Chicago
market. Good weather over the West,
together with a carry over OF the bear
ish sentiment current at the close OF
last week, chiefly explained the fore
moon weakness in the market. The vlsl-
BILE supply increased $4,000 bushels.
The local cash market was steady.
Yes'day's Previous Year
Cash: close. close. ago.
New York .......si.s5 si.s5 .se7s
ch i9aS''i december. 1885 1922 .z4za
Chicago, May....... 10Y 1.ooI4 'fT1s
Oats.-Cash markets were lower
again, but some reports said that the
low prices being obtained by farmers
had already resulted in market fall
ing of of shipments from the country,
and that country elevators would hold
the oats they had on hand. This caused
rally after early weakness and the
market closed q to lc net higher. The
visible decreased 1913, 900 bushels. Cash
Yes'day's Previous Year
Cab. close close. ago.
New SA'G York....... II .72H .6ia4
Gsl:::: f B!::$s:s 3 81: s
Rye.-Msrket quiet.
Yes'day's Previous Year
Cash: close close; age,
N. Y, No. 2 Western.sl.S2 si.S2 S.2S
Flour and MeaI.-Quotations were:
Yesday's Previous Year
close. close. ago.
Flour. MINI. sps. pats1275 sl275 $500
Rye -four, choice. ..... 1855 1t.65 o.65
Cornmeal, kiln dried. 1905 1000 $50
~ ;r sscLs az 90 $500 2i25