New-York tribune., 1918-05-04
Cereals

Wheat. - While the movement of
wheat at interior points continues of
discouragingly small proportions, 1T is
the prevailing belief in some quarters
that there is still a probability that
there may be some increase before the
season closes. 1t is thought that there
is still fair amount of wheat on the
farms which the food administration is
anxious to see marketed, and consider
able pressure has been brought to bear
in this direction. The outlook for the
new crop continues bright, and while
more or less deterioration is expected
at times from one cause or another. the
very fact that the crop has got a good
start is just that much in it's favor. A
very large proportion of the wheat now
moving is going to Europe in one form
or another, and the main effort of the
administration at present is to main
tain it's shipments to our army in Eu-
rope and to our allies.
Corn.-After showing more or less
weakness early, the corn market rallied
sharply toward the close on covering.
The July position in Chicago sold up to
81 49A, an advance Of s 1ac from the low
point Of Thursday. 1t was the prevail
Ing opinion that the upturn was due
largely to the fact that the market had
become oversold during the declines
which occurred on Wednesday and
Thursday, and therefore responded
easily to buying orders. 1t was notice
able, however, that offers from the
country were of smaller proportions
and Western cash markets were slightly
steadier There have been rumors in
circulation during the last few days
that Argentine corn is being offered in
New York at prices considerably below
current quotations for American corn.
Local importers, however, say that no
permits have been obtainable since Feb
ruary Is. when the exports of corn from
the Argentine to the United States
were prohibited in order to move wheat.
The new crop of corn in Argentina is
said to be very large one, but owing
shipments are expected to be small, and
cable advices yesterday said that owing
to the scarcity of coal it is expected
that railroads may use corn as fuel.
Yesterdays Previous Year
coEa sT No. yellow siso s1so {s's SIZE
Chicago:
May 1aiy ': 1:2% 1:2s% 11:.aa777s 1saNN 1.SsNN
Oats. - The oats market was inAu-
enced largely by the action of corn,
and, after showing early weakness,
prices rallied, closing CSC to 11sc net
higher. There was little in the news
to justify any pronounced change in
sentiment other than the fact that the
market was in firmer technical posi-
ton as result Of the recent decline.
Crop and Weather news was very ia
vorable, and receipts at primary points
were liberal. The Eastern cash posi-
ton was still weak, and, while it was
said that exporters were showing
little interest in the market, sales, if
any, were very small.
Yesterdays Previous Year
New York: close. close. ago.
Corn. Nc. 3 white. 80 81 .77Na
Chicago;
May May, ............. .asss 80 .zan ~ .ss7s ss
Rye.-Market nominal.
Yesterdays Previous Year
New York: close. close. ago.
Cash. No. West. .s2.57 $257 s2fs
Flour and Meal.-Quotations were:
Yes'day's Previous Year
New York: close. close. ago.
Flour, MINI. sps pat sligo % s,1.oo s,4.oo g
Cornmeal. yellow. gran 500 500 1870
kiln dried.