New-York tribune., 1918-03-19
> u s { en- a N c e
Cereals

Wheat.-The visible supply Of wheat
in the United States decreased 1,190, 900
bushels for the week, bringing the to-
tai to 7.75O,O00, compared with 52,767,
900 last year. Last weeks report by
the government showed that stocks held
by country mills and elevators are
about 90, 600 600 bushels less than last
year and, while the recent reports show
ing the amount of wheat on farms indi-
Gated an increase of slightly over 1O,-
GOO, 900 from last year, 1t was evident
that stocks are getting down very low,
and that most of the wheat available
will be wanted for shipment to Europe.
Corn-The feature of the day in the
corn market was q new regulation n
the Chicago market which provides that
nc individual, firm or corporation may
IN the future have on contract for any
account in excess OF 100000 bushels.
This applied to both long and short ac
counts and, as q result, the market dur
ing the day was active, with traders
evening UP contracts. At the outset
prices declined sc to 1850 from the
final Of Saturday under liquidation by
longs. Subsequently, however, there
was an advance OF 12sc to 1sc on
heavy covering and final quotations
were only slightly below the top, with
net gains OF 12c to 1asc. Local traders
were more or less puzzled over the in
depreciation CT the new regulations,
but according to advices from Chi
cago no operator may have contracts
at any time, either during the day or
overnight, on either the long or the
short side exceeding 100000 bushels
fer speculative account, although
operations OF a hedging character, if
clearly defined, may be entered into
without restrictions. Commission
houses are called upon to disclose the
names OF their customers, and appar-
emily no one customer can have an ag-
gregate account over the prescrDed
amount through different houses. The
market was apparently d short one as
q result Of last weeks selling, and the
technical position was consequently
firm. The visible supply gained 1,4e9,-
coo bushels during the week, but the
cash situation in the West was appar-
entity steadier
Yesterdays Previous Year
New York: close. close. ago.
Corn. No. yellow s1.761a s1.s1h s1.24
Chicago
Ms,'s Msy ::...:.. 1:s5 1:s57s 1:Sszs 1:Sszzs 100
Oats.-The new regulations in Chi
cago, noted above, in connection with
the corn market, applied also to oats
and brought about an active evening
up trade with wide price changes. The
first effect was bearish, but, after q
decline of IL to 1c, prices rallied sharp
ly, and at the close were 24s to 3 1s c
net higher. Shorts were active buyers,
and the market was apparently IN a
strong position, as a result Of last
weeks selling movement. The domes-
tic cash demand was not particularly
active, but exporters were anxious bid
ders for cash oats laid down at the
seaboard, and were said to be willing
20 pay as high as 12Ac over Chicago
May. The visible supply gained 1904,
600 bushels for the week.
yesterday Previous Year
New York: close close ago
Can. No 3 white. si.o6Ia sl.oo 1914
Nareh .'s.o ........... 1874 .a4sa
May .............. .s47s so .5724
Rye.-Market nominal.
Yesterdays Previous Iear
New York: close. close. ago.
Cash, No. West. SGT SGT Sl.69
Flour and Meal.-Quotations we're:
Yss'day's Previous Year
New York: close close. ago.
Flour. MINI. spg. pat s. 90 s11.oo s1o.1o
Rye flour. choice 80. 1870 1910 a.25
,,s;iou gran 40 A67N,