New-York tribune., 1918-08-07
> II S t e n a n C G
Cereals


Wheat The movement of wheat
continues very heavy and for two days
this week has aggregated $500 600
bushels, compared with 6,345,000 the
previous week. Chicago reported the
heaviest grain arrivals over Sunday
ever seen in the history of the trade
About 1000 cars arrived, of which 5000
were wheat. Crop reports from the
domestic Northwest continued favor
able, but there were further complaints
from the Canadian Northwest. The high
temperatures over the West do not
appear thus far to have had any effect
on the marketing of wheat and con
tinued large movement is looked for as
farmers realize there is little to be
gained in holding back their grain.
Corn.-It was weather market in
corn all day, with a steady advance
up to mid-afternoon, reaching new high
levels for the present movement, fol-
lowed by an equally sharp break near
the close. which left final prces q to
15sc net lower on all positions except
October, which finished isc above the
previous night.
Most of the buying early was on con-
inued hot, dry weather over the South
west Temperatures ranged from 100
TO lis over good part Of the corr belt,
leading to many complaints that corn
was being badly burned and deterIorat-
ing rapidly, with much Of it lit only
for fodder. Parts OF Kansas had the
highest temperatures in twenty-nlne
years A weekly report from Topeka,
Kan, said the crop throughout the
state had been seriously damaged, to
what extent no one can tell yet but
that the next few days would reveal
the injury Unless relief comes soon,
it was declared the crop would be
less.
From sedalia, Mo, came reports that
in addition to the heat, grasshoppers
were travelling in swarms and had al
ready eaten up many large corn helds.
The market became over-bought on this
sort of news and in the last hour,
under private reports OF showers at
A number of points in Kansas ard Ne
braska. coupled with the announcement
that the tropical storm was approach
ing the mouth Of the Mississippi and
might relieve the hot spell in the MS
sour Valley, there was a big selling
movement, which broke prices down to
new low levels for the day and about
4c bushel under the high point OF the
forenoon.
little covering near the close
rallied the list slightly, but the fnal
undertone was still quite unsettled.
Vest days Previous Year
Corn. T9N No. 1o'S yellow si.8754 si87a4 s2-44
Chicago:
Aususs ............. ! 59as 58 i-s75s 575ss
September .'...-.. '.o@ ''O~1@
Oats.-On a smaller scale, the oats
market was a duplicate of corn, ad-
vancjng early on the hot weather re
ports and frmer cash markets, but
meeting sales on all bulges, partly in
the wav Of hedge selling by cash
houses. against the big movement,
which already this week is fully 1000,
600 bushels ahead of the same Two days
last week.
Yest'day's Previous Year
New York: close. close. ago.
Oats, No 8 white. .82a as .a0
August is|@SV .,......... .sss .s834
September ,....-.. $3.50 1914 '789s
Rye Market steady.
Yest'day's Previous Year
New York close close. ago
Cash, No > West S1.7l sl71 $50
Flour and Meal-Quotation were:
Yest'day's Previous Year
New York: close close ago
Flour Minn.. spg.. pats 1.4o sf1.40 sf3.75
Cornrneal. yellow gran 40 40 1925
Rye flour, choice ...... 1o.65 1o.e5 100
IL